![]() ![]() While it is true that recklessly opening new lines of credit and abusing them (i.e., racking up large balances, carrying interest and missing payments) can hurt your credit score, there is no long-term impact on your score from simply opening new accounts. One of the most common things people believe when they apply for new credit cards is that those actions will negatively and permanently impact their credit scores. When introducing someone to the world of reward travel, you may have to dispel some of those misconceptions. ![]() The idea of earning free flights and hotel stays just by signing up for the right credit cards seems too good to be true, and there are plenty of myths about how it all works. ![]() Editor’s note: This is a recurring post, regularly updated with new information. ![]()
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