New Delhi, Jan. 30 -- The credit card landscape is evolving every day. Every now and then, credit card issuers are bringing new offers and benefits in their products, tempting you to apply for multiple credit cards. Beginners in the credit card space would often think that there is no harm in applying for several credit cards at once as there is no need to make payments. However, applying for multiple credit cards would adversely impact your credit score.

A credit score is a three-digit number that determines your creditworthiness. Lenders use a credit score to decide whether to approve a credit card or loan application. It helps lenders determine whether you will be able to repay your credit card dues or loans in the future. A higher cr...