My wife and I have had two credit cards that we've used forever. However, with as much travel and eating out that we do, we're probably going to sign up for the Chase Sapphire Reserve when it comes out.
But my wife was talking to a friend recently who says she always signs up for a card to get the bonuses and then after a year will cancel it and go through the process again to get another bonus with another card. My wife seems to think this is a good idea but I'm worried about it negatively impacting our credit.
What kind of impact do credit cards have on your credit rating?
But my wife was talking to a friend recently who says she always signs up for a card to get the bonuses and then after a year will cancel it and go through the process again to get another bonus with another card. My wife seems to think this is a good idea but I'm worried about it negatively impacting our credit.
What kind of impact do credit cards have on your credit rating?
