One of the most common questions I get asked is, “Won’t opening a bunch of new credit cards hurt my credit score?” The short answer is: not necessarily. In fact, when managed responsibly, opening new credit cards can actually help your credit score over time. More on that in a minute…
Vacation Pointers is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as MileValue.com and Bankrate.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more.