The 3 big credit bureaus encourage customers to shop around for different interest rates. You have 14 to 45 days to apply for different credit cards or loan options with the same effect on your credit scores as applying for one loan, so your score doesn’t drop. It is smart to browse your options to ensure you’re getting the best rate. A borrower that is considered “low-risk” by a lender will have a lower interest rate. A borrower that is considered high-risk will have a higher interest rate. To get the best rates, you’ll need a very good credit score. If possible, improve your credit score before you apply for credit cards or loans.