This... is not truehttps://twitter.com/TheMcKenziest/status/1300630506229264384 …
Applying for a new line of credit slightly lowers your score, although my understanding is the formula caps this (ten hard pulls in a row are worse than five, but it stops going up after a certain point)
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There's a distinction between a "hard pull" and a "soft pull" -- the former is when your credit is checked for the purpose of opening a new line of credit, the latter is when it isn't So you requesting to see your own credit report doesn't affect your score
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The logic is that applying for several credit cards or loans in a row is a red flag -- one that's usually offset if you actually get the new credit cards and then start paying them off consistently
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