Do Credit Cards Hurt Your Credit? 5 things to know about your Credit Score

Do Credit Cards Hurt Your Credit? 5 things to know about your Credit Score

The Lion Turtle Podcast

04/03/2019 11:07AM

Episode Synopsis "Do Credit Cards Hurt Your Credit? 5 things to know about your Credit Score"

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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