<prompt> Human: I recently opened a credit card from a well known financial institution and I got another offer from the same institution for a different card. Is there a downside to this? Will it hurt my credit score? Thanks in advance.  <response>: In the short term, the hard inquiry will hurt you, and it will hurt you in terms of lowering your average age of accounts. However, it will give you more available open credit, which will improve your score. Dont open a credit card just to have one. In the long term, getting a card that you need will help you, but it will hurt you in the short term. 