Today’s question is: Does Opening A New Credit Card Hurt My Credit Score?
Ask us your credit questions in the comments and find your next card at https://www.creditcardinsider.com/
Several things happen when you open a new credit card, which could potentially increase or decrease your credit score. You’ll be generating hard inquiries on your credit reports and also decreasing the average age of your accounts, which will both lower your score, but you’ll also be increasing your total amount of available credit, which could improve your score.
Every week, John Ulzheimer answers YOUR credit questions. Email us, give us a call, or ask on live chat, and we may answer your question on YouTube!
To learn about credit scores, credit reports, managing debt, and how credit cards work, check out our learn section at https://www.creditcardinsider.com/learn/
If you’re looking for a credit card, start your search at https://www.creditcardinsider.com/credit-cards/