This is a common misconception. There are several factors that must be considered when applying for new credit.
1) If you apply for several credit cards at once, each occurrence will result in an "inquiry" on your credit report. Each inquiry drops your score about 7 points. So it would be prudent to carefully review the offers you receive and select one or two to apply for.
The inquiry shows up on your report regardless of whether or not you are granted credit. But the bigger issue is that all of your creditors see the inquiries, and this indicates to them that their involvement with you may be at a higher risk. Because you are seeking additional credit lines, you may be expecting to spend more money on credit. This can put their balance with you at risk of default. Therefore, there may be negative consequences to frivolously applying for multiple cards within a short time span.
Donna Perkins
Let us know how we can help you.