Decline of student Credit Card?

Question

I applied for a Natwest and Barclay student credit card 3 days ago and I got accepted for Natwest but not Barclay. So does anyone know if this decline will look really bad on my credit report and will it actually say "declined "on my report? Also how long does this evidence of me applying for this credit card last on my credit report? Thanks.

Answer 1

By applying at Barclay, it will show as an inquiry on your credit report, it does effect your credit in the case when someone is making a decision for credit or not depending on how many inquiries you've had in the last 18 months. You do not want to apply for too much credit, because this can lower your score. There is no way of knowing if you were declined or if you decided not to do it, only an inquiry on your credit. Since you were approved for one of the cards, just use that one and do not apply for any other credit unless you really need to. Do not do it out of sport. Like when you go to the store and they tell you that you can receive 10% discount by applying for a credit card...DON"T DO IT...Just pace yourself.