FAQ
Of course not! It involves utilizing rewards and benefits offered by airlines, hotels, and credit card companies as part of their marketing strategies. They want you to sign up. They hope you will run a balance and that they can charge interest. Hint: never do this!
No! Opening credit cards can actually be very beneficial to your credit score. What does hurt your credit score? Running a balance and missing payments. Your credit utilization ratio has a big impact as well. I open multiple credit cards every year and my credit sits right around 800+.
When you open up a credit card and hit a sign up bonus, you end up with points and miles that are hopefully worth hundreds-if not a few thousand dollars- in travel. So, the first year the annual fee should always be worth it. At the one year mark, I always assess whether the card has a permanent spot in my strategy. If not, I cancel it, downgrade it to a no fee option, or ask for a retention bonus.
The rule of thumb is no more than every 90 days. Some people do it more, some people do it less. But this is the general consensus.
Yes! Under the services tab you can jump on my schedule and I can help answer all questions, help you come up with a killer strategy, do some points and miles coaching. Happy to help answer any and all questions.
