Credit Cards

[garci349]

If I apply for 2 credit cards, will this bring my score down?

[reaction]

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garci349 wrote:

If I apply for 2 credit cards, will this bring my score down?

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Yes it will permenantly destroy your credit!  just kidding!   When you apply for a new credit line the inquiry will hurt you 2-5 points on average. Also new credit lines will lower your Average age of accounts. If you have a solid credit history it's nothing to worry about really. The scores rebound will rebound pretty quickly.

[garci349]

Haha !

Rebound?

[scenery_guy]

Rebound as in go back to where they were prior to the app. Give it a few weeks to a couple of months and the few point ding will be gone. 

[Sparkz1920]

Sometimes an inquiry won't hurt at all

I think I just have so much credit and small balances that it balances out the inquiries

[Cadillac-XTS]

Temporary