We tend to apply every month or two for what we feel like are the most valuable promotions for us. Denials are rare, unless I'm trying to get a Citi Aadvantage card earlier than I should or something. The churning had no effect on our mortgage refinance, either, except that the review of recent accounts was conducted WAY too close to the last possible day for closing. I'm not sure why the bank sat on the application for so long (like 45-50 days) before addressing those issues, but they did.

We halted our credit card application activities once we applied for the refinance and resumed shortly after the new mortgage was sold off by our local bank to Chase. Ironically, a few of the recent accounts about which I was asked were Chase credit cards. Heaven help the bank who ultimately is servicing the loan if it researches our accounts WITH THEM internally, rather than through a 3rd party credit check agency. Sometimes the way in which large corporations operate gives me a headache.