Valued Contributor
Posts: 1,910
Registered: ‎11-17-2012
Re: Secured credit card

athan12 wrote:

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.

Capital One Quicksilver World Mastercard $20k | JCPenney Gold $10k | Shell Drive for Five $800 | Chase Freedom Visa Signature $9.8k | TD Bank Easy Rewards Visa Signature $5k | Chase Sapphire Visa Signature $10k | American Express Blue Sky $13.7k | Discover IT $13k | SavingStar American Express $14.8k | American Express BCE $11.3k

FICOS: EX 759 EQ 704 TU 754 VantageScore 3.0: EX 746 EQ 747 TU 747 Credit Sesame (EX) 756 (EX) 784