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I want a lower interest card but I'm worried it might affect my home loan application. Advice?
I have about six credit cards with 0 balances on all but one. The one that does have a balance has 4K on it and the interest rate isn't great. How will opening a new card and doing balance transfer change my score? I want to purchase a home soon.
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DuelleMarley
1 year ago
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Opening a new credit card will temporarily lower your credit score due to the hard inquiry associated with the credit application. Depending on what your existing score is it may be as little as 3 points or as much at 25 points.
chuyskywalke 1 year ago
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Opening a new credit card will temporarily lower your credit score due to the hard inquiry associated with the credit application. Depending on what your existing score is it may be as little as 3 points or as much at 25 points.
chuyskywalke 1 year ago