A hard inquiry could lower your scores by a few points, or it may have a negligible effect on your scores.
In most cases, a single hard inquiry is unlikely to play a huge role in whether you’re approved for a new card or loan.
Is applying for a credit card a hard inquiry?
Hard inquiries are credit inquiries where a potential lender is reviewing your credit because you’ve applied for credit with them. These include credit checks when you’ve applied for an auto loan, mortgage or credit card. Inquiries may or may not affect your FICO score.
Photo in the article by “Cyberspace Law and Policy Centre”