If this is your first time credit card, it is a good possibility that you are either a young adult moving out on your own for the first time or are a university student.

How does applying for a credit card hurt my credit score?
Credit card companies make an inquiry to your credit report every time you apply for a new credit card. These are more commonly known as hard pulls.

As consumers, we should approve of the idea that we have the ability to review our credit histories annually for free at the major credit reporting agencies. The top three credit reporting companies are: Equifax, Experian and TransUnion.