Think Opening Credit Cards Will Hurt Your Credit Score? I’ll Just Sip My Drink on the Beach Thanks to Credit Card Points and Say Nada Because That’s None of My Business

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Think Opening Credit Cards Will Hurt Your Credit Score? I’ll Just Sip My Drink on the Beach Thanks to Credit Card Points and Say Nada Because That’s None of My Business

Scott LiebermanThink Opening Credit Cards Will Hurt Your Credit Score? I’ll Just Sip My Drink on the Beach Thanks to Credit Card Points and Say Nada Because That’s None of My BusinessMillion Mile Secrets Team

We devote thousands of hours of research to help you get Big Travel with Small Money. You support us by signing-up for credit cards through partner links which earn us a commission. Here’s our full Advertising Policy.

Scott:  I, too, was afraid.  I had an “excellent” credit score and viewed it like an honor roll report card.  I didn’t want to mess it up.  At the same time, I saw all these people taking awesome trips using miles instead of money.

Credit Cards And Credit Score
Hola! I Love Using Miles to Get to Mexico

Credit Cards and Credit Score

Just open up a travel credit card, they said!

Me:   But the TV financial gurus say don’t!  And when you open a credit card doesn’t your credit score drop?

Moment it hit me… the TV geniuses weren’t talking about me.  They were simplifying the message.  Too many Americans can not or do not pay their credit card bills in full and on time.  And they’re right, those folks should NOT participate in our hobby!

But whether I’m broke or I’m ballin’, I pay all my bills.  I despise high-interest debt.  Are you like that?  Then you’re ready to become a Million Mile Secret Agent.  Have a friend like that?  Invite them to our secret society of people who have no business flying in Business, yet we do it like it’s our business.

Credit Cards And Credit Score
I Checked My Credit Score Today and It Pulled the Most Recent Report — 20+ Credit Cards and I Still Have an Excellent Credit Score

 

Credit Cards And Credit Score
The Score Goes Up and Down Due to Factors Like How Much You Owe at Any Particular Time. But Generally, If You Always Pay Your Bills On Time, You’ll Be Fine and Dandy

 

Credit Cards And Credit Score
I Got My Credit Score for Free When I Logged Into My Citi Account. Many Credit Card Companies Offer This for Free

 

Credit Cards And Credit Score
Don’t Owe Money, and Pay on Time Every Time — Those Are by Far the Biggest Slices of Your Credit Score Pie. Mmmm, Pie. Blueberry Pie.

If you’re not sure if you want to get your first travel credit card — or you’re not sure if you want to encourage your friend or loved one to jump in — consider this… your credit score doesn’t matter too much if your finances are a hot mess.  Don’t get involved with travel rewards if you are spending more than you make each month.

Here’s how to rock at this — use your credit card like a debit card.  Don’t buy what you can’t afford.  And enjoy amazing credit card benefits like extended warranty protection and bonus miles.

And here’s another beginners’ tip:  keep your no annual fee credit cards open forever — even if you don’t use them much or at all.  Why?  Because length of credit history helps you.  I never close my no annual fee credit cards.  There are a few I hardly use.  For those, I put a calendar reminder that alerts me every 6 months to make some kind of purchase so the bank doesn’t close it for lack of use.

Ready to Get Your Feet Wet?

We recommend the Chase Sapphire Preferred as the #1 card for beginners.  I’ve had this credit card for many years.  Once you open the card, come back here and we’ll show you exactly how to use the points for flights, hotels, cruises, rental cars, and more.

Plus, we’ve got an amazing community of humans who started out just like you.  And they’re happy to help you too!

Bottom Line

Pay your bills on time and in full, and you can reap wonderful travel rewards.  If you’re able to use your credit card like it was a debit card, this is a hobby that will upgrade your life!  It has for me.  🙂

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Chase Sapphire Preferred® Card

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  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
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  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
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  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards

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Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

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