Will applying for a 4th credit card affect my credit score?

+1 vote
asked Dec 13, 2017 in Credit by Lolly (190 points)
Will applying for a 4th credit card affect my credit score?

I have 3 credit cards and want to apply for a 4th credit card. Will applying for a 4th credit card affect my credit score in anyway?

1 Answer

0 votes
answered Dec 15, 2017 by Minty (141,500 points)
You should avoid applying for too many credit cards because having too many credit card or loan accounts can lower your credit score.

Only take out a 4th credit card if you really need it since applying for too much credit can lower your credit rating which isn't a good thing at all.

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