Final answer:
Promotional inquiries can impact your credit score, contrary to the statement
Step-by-step explanation:
The statement "promotional inquiries do not impact your credit score" is false. In fact, promotional inquiries can have an impact on your credit score, though it may be minimal. When you apply for new credit, such as a credit card or loan, the lender may perform what is known as a "hard inquiry" on your credit report. Hard inquiries can lower your credit score by a few points. While promotional inquiries, also known as "soft inquiries," do not have a direct negative impact on your credit score, they can still show up on your credit report. These inquiries are made when you check your own credit score, and they help you monitor your credit health but do not affect your score