Re: Secured credit card
12-29-2012 05:21 PM
So if I apply for an unsecured NFCU credit card and get denied but get offered for a secured credit card. Will it show as an inquiry on my report and hurt my credit score?
The inquiry will hit your credit and cause your score to dip only by a few points. Applying for a secured card will also result in an inquiry as well, so either way you're taking a slight hit for a new tradeline! In the long run though it'll cause your score to increase, if used responsibly.
FICOS: EX 764 EQ 704 TU 750 VantageScore 3.0: EX 745 EQ 749 TU 749 Credit Sesame (EX) 749 Credit.com (EX) 788