Credit Card Center Advertiser Disclosure

Valued Contributor
Posts: 2,691
Registered: ‎07-29-2009
0 Kudos

Re: Number of Inquiries and its impact on Credit score/Lenders

chasmith wrote:

My impression is that over 5 there's little additional impact.


But remember, your score is the first step in being considered by a lender.  I've seen posts where a person with a decent score was rejected for "too many recent inquiries".  Barclays is said to be notorious for that.


Personally, I've reached the point where I don't need new accounts so don't choose to incur inquiries.  In th three years from BK7 I went from maniacally applying to making no applications except for my mortgage (over a year).  Now I'm gardening and hope to reach zero inquiries before I make another app.

I agree with the above. I don't worry as much about the impact inquiries might have on my FICO score as I do about how those inquiries will look to a prospective creditor. I don't want to appear to prospective creditors that I am willy-nilly applying for credit.

I don't know, however, if I will ever get too passive to not jump on a good introductory offer. This year, for example, the NFL card was offering $400 introductory statement credit after a $1k spend. Our daughter had a college class she signed up for that was a bit over $800. With a few tanks of gas we easily went over the $1k spend. We got that $400 credited back to pay for that class. I really don't need any more credit cards, but I also won't give up free money.


Keeping the inquiries low helps us qualify easily when something like the above deal becomes available.

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.