WalletHub, Financial Company
You should wait six months to one year between credit card applications. Applying for a credit card triggers hard inquiries which can lead to a slight dip in your credit score, especially when you apply repeatedly within a short period of time. And that’s a bad thing from a lender’s perspective. More importantly, applying in bulk tells lenders that you are desperate to borrow, which doesn’t bode well for your ability to pay.
There is an exception though: if you have excellent credit, a high income and a record of on-time payments, you have a good chance of getting approved even if you apply more often. That’s because lenders see a low risk of you defaulting on future payments.
And if you wait a year and then still can't get approved, consider getting a secured credit card. You will need to make a refundable security deposit that will then determine your credit limit. The best ones to get are Capital One Platinum Secured Credit Card, Citi® Secured Mastercard® and Discover it® Secured Credit Card.
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