Does it hurt your credit to open up a new card&transfer a balance to a lower rate?

Answer It can sometimes be in your best financial interests to transfer a current credit card balance to a new credit card to take advantage of introductory interest rates. Opening a new account, however,... Read More »

Top Q&A For: Does it hurt your credit to open up a new card&...

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How to Request Companies to Lower Your Interest Rate on Credit Cards?

If you carry a balance on your credit card, even a small reduction to your interest rate could save you hundreds of dollars a year. Credit-card companies can reduce your interest rate, but most com... Read More »

Does reporting a credit card stolen lower your credit score?

Reporting a credit card stolen does not lower your credit score. Some actions that can lower your credit score are late or missed payments, too many inquiries for new credit at one time and unpaid ... Read More »

Does being denied a credit card lower your credit?

A denial has no direct effect on your score. The process of applying for a credit card is what effects your credit score. Every time you file an application for a new line of credit, your score can... Read More »