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FAQ: Is Opening Credit Cards Bad For Your Credit Score

6/4/2018

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I am not a financial expert, but I will just share my personal experience. 

The answer really depends on if you are reliable at paying your credit card bills every month or not. But for me, I open cards strategically to benefit from their sign up bonuses and their cardmember benefits, and I pay off the entire balance of every card every month. I never pay interest or late fees of any type. 

In the last 2 years I have opened 4 new cards in my name, in fact all of those cards were opened in the past ONE year. My credit score is currently 796 which is in the top range for a credit score of A . Could it be higher? Yes. The scale goes up to 850. Am I worried about it? No!  This is a great credit score. I will continue to open new cards to get free travel and maintain an excellent credit score simultaneously. It's all about being a responsible credit card user. Don't overspend. Don't max out your cards. Only buy things you would already buy. 

Doing this has saved me an immense amount of money on flights and hotel stays. If you would like to see the cards I am currently using to achieve this, click here or visit the "Get Free Travel" tab. 
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Free Credit Score: Compliments of my Chase Credit Card Dashboard! 
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Trip Don't Fall Travel & Lifestyle Blog (TDF)
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  • Latest Posts
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    • Clothing >
      • Encircled >
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    • Black Friday/ Cyber Monday 2020 >
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      • Blog Posts - Sustainable Brand Round-up BFCM 2020
      • Encircled - Canadian Shoppers
      • Encircled - US/Global Shoppers
      • Etsy Black Friday & Cyber Monday BFCM 2020
  • Lifestyle
    • Discounts & Promos >
      • Last Tissue & Last Swab Discount Code TRIPDONTFALL
      • Hello Fresh Sign Up Discount!
      • Butcherbox Sign Up Discount
      • Instacart Sign Up Discount Code
      • Current Miles + Points
      • Chase Freedom - 5% Cashback Groceries - $200 Bonus
      • Chase Freedom Unlimited - % Groceries + 1.5% Cashback Everyday - $200 Bonus!
      • Chase Sapphire Preferred - Best Travel Card - $0 Foreign Transaction Fees - $750 Bonus!
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