Common concern but really shouldn't be. Keep your oldest cards, the new cards

Report problem with this ad

Nov 27, 2024
12:56:24pm

citron Redshirt Freshman

will have minor impact on credit score.

Report problem with this ad

citron

Bio page: citron
Joined: May 3, 2022
Last login: Nov 27, 2024
Total posts: 148 (1 FO)

Report problem with this ad

Messages

Author

Time

Spending on a CC after achieving a sign-up bonus has opportunity cost.

FrontLineFan

12:33pm

Agree, I do the same. For low to modest spenders 2-3% is not very much compared

citron

12:37pm

You can only do five cards over 24 months with Chase, correct?

BYUfan92

12:46pm

The Chase 5/24 rule counts cards from other issuers as well.

FrontLineFan

12:56pm

We do ours in a similar way to what you’re describing but we do it via a few

BYUfan92

3:29pm

Are there worries about it hitting your credit score?

Darzog

12:53pm

Common concern but really shouldn't be. Keep your oldest cards, the new cards

citron

12:56pm

Score should improve since inquiries minimally impact scores & usage of overall

FrontLineFan

1:01pm

True but I ain’t got time for that.

Iman23

1:01pm

Agreed. Sometimes I think about doing this but it seems like a lot of work/time.

NumbersGuy

1:10pm

There's a learning curve & time commitment when getting started, but after a

FrontLineFan

1:17pm

I love it when people get creative and optimize their resources. Well done.

The Chief

2:58pm

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad