Originally Posted by
pych
Bit of a a noob question. I've been reading for many years and I was wondering if there is a consensus about whether applying for several credit cards on the same day only shows up as one inquiry or not. I remember reading about it but I don't remember any conclusive information. Any help is greatly appreciated.
Several credit cards from the same bank - could be one inquiry or several - YMMV.
Several credit cards from different banks - definitely several inquiries.
Credit inquiries do not significantly lower your credit score. Maybe a point or two. However, when the first statement generates and a new account is reported by the bank to credit bureau - then you get a significant hit to your credit score (can be 50 points for two or more new accounts), and it takes a while to restore it.