Will my credit score be affected for credit card application rejections?

Question

I have got my credit card this month. So, the next month would be my first payment of my bills [Will pay it in full]

However, I travel a lot, and I get offered credit cards in airports [via the kiosks in the terminals]. I filled one such application for an Amex Platinum card. But, got my application rejected due to low/no credit history.

So, would these applications and rejections affect my credit score? If yes, then I would refrain from filing applications for any good cards I get offered, till I build a decent credit history.

PS : Indian Citizen living in India

Dheer · Accepted Answer

would these applications and rejections affect my credit score?

Yes applications affect your credit score slightly. Too many applications give the perception to lenders that you are desperate for credit and make it appear that you are experiencing hard times.
Refrain from randomly applying for credit cards. Stick to one initially, and after few years apply for another.

Ashwini Salian · Answer

Being denied a credit card doesn’t hurt your credit score. But the hard inquiry from submitting an application can cause your score to decrease.
However, the reason your score decreases after getting denied has nothing to do with the lender’s decision to reject your application (and the same goes for credit approvals).
Instead, the lender’s inquiry into your credit history is what may have hurt your credit score.

Will my credit score be affected for credit card application rejections?

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