Does Getting a New Credit Card Hurt Your Credit?

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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
How Getting a New Credit Card Affects Your Credit
Credit Utilization
Lower Average Age of Credit Accounts
Hard Inquiry
Increased Credit Card Limit
Credit Diversity
Why Your Credit Score May Be Low After Getting a New Credit Card
How Many Credit Cards Should You Have?
The Takeaway
Frequently Asked Questions
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About the Author
Jason Steele has been writing about credit cards and award travel since 2008. One of the nation's leading experts in this field, he has contributed to dozens of personal finance and travel outlets and has been widely quoted in the mainstream media.
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