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Do Credit Cards Hurt Your Credit? 5 things to know about your Credit Score
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In this episode Cristy & Sal answer the common question “will opening a credit card hurt my credit?”
Find out if travel hacking or credit card churning will lower your credit score. They’ll cover the 5 main parts of your credit score, and how each can be affected by a new credit card.
At the end of the episode, Cristy and Sal will review the Chase Sapphire Reserve and discuss the many benefits of that card!
For a copy of Sal’s card tracking spreadsheet, email [email protected]
Resources:
Credit Card Strategies for Mortgage and Home Loan Applicants
https://thepointsguy.com/2015/04/credit-card-strategies-for-mortgage-and-home-loan-applicants/
Credit Checks and Inquiries
https://www.myfico.com/credit-education/credit-reports/credit-checks-and-inquiries
Average Credit Account Age
https://www.creditcards.com/credit-card-news/average-credit-account-age-fico-score-1586.php
Credit Utilization
https://www.nerdwallet.com/blog/finance/credit-utilization-improving-winning/
Free Annual Credit Report
www.annualcreditreport.com
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