You could have an excellent credit payment history, with multiple lines of credit going back many years, and still get turned down for a loan because of a high credit utilization ratio. (ovationcredit.com)
Applying for multiple lines of credit in a short amount of time can affect your credit but the impact varies from person to person based on their credit histories. (blog.compmort.com)
That way, it shows on your credit report that you have been paying it off and are responsible with handling multiple lines of credit. (money.stackexchange.com)