New Delhi, May 9 -- Are you looking to apply for a fresh credit card? This can definitely be a smart financial decision, provided it is done strategically. Still, do keep in mind that when you show urgency while submitting your credit card application and end up submitting multiple applications in a very short span of time, this kind of behaviour and frequent requests are a clear red flag for lending institutions.

This is because, lenders closely monitor and track application behaviour and frequent requests may signal higher credit risk, thus making approvals more difficult in the future.

Every single time you apply for a fresh credit card, lending institutions conduct what is known as a 'hard inquiry' on your credit report. This partic...