Comments on: 5 Ways Credit Cards Impact Your Credit Score (and 1 Way They Don’t)

By: Kathryn @ Making Your Money Matter

Kathryn @ Making Your Money Matter — Sat, 23 Apr 2016 21:54:52 +0000

I love the extra perks of my credit cards, and am so glad that I developed good financial habits including paying off my card in full every single month so I can get all the benefits without the interest payments. Other than the cash/travel rewards, there’s the rental car insurance, charge protection (better than debit), extended warranties, no international fees, and more. We have applied for a ton of cards recently for home renovations to get the extra discounts because we are spending so much and surprisingly haven’t seen much of a drop at all in our credit scores. Which, honestly I think is a big fluke in the credit score system. I think the fact that someone had access to a ton of high interest debt, even if they aren’t using a large balance of it is a scary thing. Our credit scores are somewhere around 800.

By: practicalsaver

practicalsaver — Wed, 13 Apr 2016 18:24:35 +0000

Credit Cards are really dangerous if you are not a responsible user. It can have an impact on your credit score based on your payment history. Like in #4 of this article, it matters a lot to pay on time. If you are making late payments and / or not making payments at all you credit will suffer.

By: Aliyyah @RichAndHappyBlog

Aliyyah @RichAndHappyBlog — Wed, 13 Apr 2016 13:31:35 +0000

I wish more people knew that carrying a balance doesn’t help their credit score. Too many times I hear people say that they don’t pay their credit card bill in full because they want to build credit history.

By: FrugalRules

FrugalRules — Wed, 13 Apr 2016 13:12:08 +0000

Like Holly, we really don’t pay much attention to our scores either, although we do know our scores are over 800 or 820. Other than our mortgage we don’t have any debt and are wise with our cards so we’re fine with any fluctuations.

By: holly@clubthrifty.com

holly@clubthrifty.com — Wed, 13 Apr 2016 12:41:44 +0000

I don’t pay too much attention to our credit scores, although I do know they are over 800. We are debt-free and extremely responsible with credit, so I don’t care if our score gets a slight ding when we sign up for a new rewards card.