How to Make Sure Your Credit Card Application is Accepted (cont.)
Contributed by Deborah Zeitler
Why you shouldn't accept all offers for credit cards
If you don't already have good credit, resist the temptation to apply for every credit card offer that comes through the mail to you, in the hopes that just one of them will be accepted. This can actually make it harder for you to obtain a credit card in the future when your credit improves. Each time that you apply for a card, that credit card company sends an "inquiry" to the credit reporting agency that's in charge of storing the information on your credit report.
Too many inquiries on your credit report are a red flag to credit card companies, and indicate to them that you may be headed for financial trouble.
A final word about credit cards
Before your next credit card application is accepted, hopefully you will have done your homework and made sure that you chose the right one for your situation. But be careful that you don't end up with too many credit cards in your wallet - unless you're someone with a lot of self-discipline, you run the risk of getting yourself into debt. When used properly credit cards can be a very handy tool to manage your finances, and when they're used regularly, and paid off regularly, they can help to build "good" credit.
