New Delhi, May 22 -- Credit cards offer a convenient way to manage expenses, earn rewards, and build a strong credit profile. However, submitting multiple credit card applications within a short period can negatively affect your credit score and your chances of approval. Before applying for a new card, it is important to understand how frequent credit inquiries impact your credit history and overall financial standing.

Whenever you apply for a credit card, lenders review your credit history to assess your creditworthiness. This process creates a hard inquiry on your credit report. While one or two inquiries may not significantly affect your score, multiple applications within a short span can make you appear financially risky to lenders....