Real Answers for Life’s Money Challenges
I want to take advantage of credit card sign-up bonus offers.
I know I can pay the cards off on time.
Im just worried about my credit score.
Will it be affected in the long term if I pay them off on time?
-S.
Dear S.,
Im glad youre asking about this, but Im concerned about your motives.
Are you working on building your credit history?
Do you want to increase the amount of credit available to you for boost your score?
These are acceptable reasons to apply for a new card.
I am curious about these credit card promotions youre considering.
What are they offering?
A zero-interest introductory period?
OK, probably not a pony.
These offers can be tricky.
The average cash-back reward was just $25.
Its hard to resist the urge to gamify your experience with credit cards and work toward earning rewards.
Wondering how a big financial decision could impact you later?
