I have got my credit card this month. So, the next month would be my first payment of my bills [Will pay it in full]

However, I travel a lot, and I get offered credit cards in airports [via the kiosks in the terminals]. I filled one such application for an Amex Platinum card. But, got my application rejected due to low/no credit history.

So, would these applications and rejections affect my credit score? If yes, then I would refrain from filing applications for any good cards I get offered, till I build a decent credit history.

PS : Indian Citizen living in India

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  • Yes, rejections come after hard checks, and the hard check will affect your rating negatively, if only a bit. It's not the rejection, it's the application - successful or not. – Aganju May 21 '17 at 11:03

would these applications and rejections affect my credit score?

Yes applications affect your credit score slightly. To many applications give the perception to lenders that you are desperate for credit and make it appear that you are in hard times.

Refrain from randomly applying for credit cards. Stick to one initially and after few years apply for other.

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  • I know the above is a fact for the US, but does this also apply to Indian citizens living in India? I'm asking because I don't know about the rules in other countries surrounding credit cards. – Michael May 22 '17 at 12:01
  • @MichaelC. India also has started credit rating and credit score by establishing a Credit Information Bureau. From 2007 or around 2010; most Banks / Institutions provide data and use score before credit is granted. All leading US/World companies [Transunion, Equifax, Experian] are in India as well providing similar functionality to India region. The scoring mechanism is similar. I am yet to see any differences between US / India. – Dheer May 22 '17 at 12:10

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