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New blog article: Can Travel Hacking Hurt Your Credit?

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Elizabeth_FICO
myFICO Employee

New blog article: Can Travel Hacking Hurt Your Credit?

Hello everyone! If there's a new blog article that I think you guys might like I plan on posting it in the Forums.

 

This week's article is: Can Travel Hacking Hurt Your Credit?

 

Let me know what you think about the article.

 

For more content don't forget to check out our blog.

Message 1 of 5
4 REPLIES 4
Anonymous
Not applicable

Re: New blog article: Can Travel Hacking Hurt Your Credit?

Doesn't really seem to be much specific to travel here, same advice would apply to spree applying for any type of card.

 

It would be nice if there was a great formula, like "for every $1000 you save on a ticket, it is worth to have a maximum of 45 points taken off your score for a year" but of course there isn't!

Message 2 of 5
Hoben02
Frequent Contributor

Re: New blog article: Can Travel Hacking Hurt Your Credit?

It's not a major drop on your fico score and after a few month the fico score recovers of course the caveat is that you payoff the balance monthly. Besides for most the SUB is the major way most people accumulate the points generally not thru natural spend

Chase (CSP,CF,CFU,southwest premier)
Barclay(jetblue, arrival)
Bofa(US pride, premium, travel, cash, Suzy komen)
Citi(Premier, Double cash, Costco)
Fnbo(Mlife)
Amex(everyday, cash, Hilton)
Blockfi
Caesars rewards
Sofi
Gemini
Cap One Savor One
Message 3 of 5
MrDisco99
Valued Contributor

Re: New blog article: Can Travel Hacking Hurt Your Credit?

The impacts are usually not severe, but it is worth noting those score risks... especially if you have something like a mortgage app coming up.

 

These days issuers have controls in place to prevent too many apps/SUBs at a time, anyway, so it's not like the old days where you could do a round the world trip on one big app spree and then have to wait a couple years for your reports to stop bleeding.

Message 4 of 5
NRB525
Super Contributor

Re: New blog article: Can Travel Hacking Hurt Your Credit?

It is a well balanced article. 
I think the resort frowns on standing on the narrow wood railing. 

The link to the "your next travel card" looks like good additional content. 

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