With a variety of rewards programs and upgraded terms aimed at capturing new users amid a broader shift to a cashless society, you may be asking yourself whether now is a good time to apply for a credit card. What you may not realize, however, is the impact this would have on your credit score.
Generally speaking, opening up a new credit card should only have a minimal adverse impact on your credit score up front. With time, though, being approved for a new card can actually boost your score and increase your credit worthiness!
Let’s take a closer look at what the more immediate negative impacts are first. Continue reading “Credit Card Soup – Should You Be Applying?”