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Credit cards

Started by Myshekeyla T.
Followed by: @Rosa @Sabrina @Christy @Christine @Heather @Lashanda @Lakisha @Amonte @Paula @Luis @Melissa @Shamika @Gobby @Tanitra @Kristen @Suzanna @Jennifer @Nicole @Lanna @Ming @Misty @Ashley @Diandra @Melissa @Jessica @Lucy @Joanne @Crystal @Roberta @Donald @Brittany @Kirsten @This @Mindy @Deborah @"Sherrie D" @Timneshia @Monica @Neosha @Aaron @Tonya @Alicia @Myshekeyla @ALEXIS @April @Brittany @Denishia @Angela @Katie @angel @Kristina @Lashonda @Alicia @william @Travis @Ashley @Veronica @SABRINA @Thomasina @Shalanda @Beliques @Samanthia @Carmen @Shaira @April @Angel @Lisette @Amy @KIMBERLY @Angela
M

Ming C.

How long should I wait before I apply for another credit card such that my credit score will not be greatly impacted?

A

Ashley M.

A general rule on how long you should wait between credit card applications is three to six months.

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Diandra J.

How much? Depends on the day, week, circumstance, etc. But I do pay for nearly EVERYTHING with a credit card because of the rewards (I pay off my statement balance or the card entirely every month). Haven't used my debit card in years.

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Elena B.

I put all of my variable expenses approximately $1000 per month on my credit cards which I pay off every month. With that method I am able to keep my credit score and also earn cash back rewards.

@Ming: Most hard inquiries will stay on your credit report for two years. Hard inquiries for mortgages and car financing will combine if done in a certain window, but credit cards do not. Generally more than two inquiries are considered excessive to the credit agencies.

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