Do Opening New Credit Cards Hurt Your Credit Score? #creditcards #creditscore #personalfinance

In many cases, we are paralyzed by the fear that applying for a new credit card will hurt our credit score. This often prevents us from getting some of the best credit cards out there and we are stuck with mediocre rewards.

In this video, we're going to explore the question of whether or not opening new credit cards hurt your credit score. We'll look at the fact that your credit score is composed of a number of different components. We will break down and explain these components individually and discuss how opening new credit cards might affect them.

Ultimately, the answer to this question depends on your unique credit history and situation. If you're curious about the potential impact of opening new credit cards on your credit score, be sure to watch this video to learn more!

#creditcards #creditscore #creditscoretips #finance #personalfinance #cashback #travel

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"Aerosol of my Love" Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 4.0 License
http://creativecommons.org/licenses/by/4.0/

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