Credit Scores, Credit Cards: How Consumer Finan... -

: Compounding APRs make cards an expensive way to borrow long-term. How They Interact

: You need credit history to get a good score, but need a good score to get credit. The Role of Credit Cards Credit Scores, Credit Cards: How Consumer Finan...

: Keeping old card accounts open increases the average age of your history. : Compounding APRs make cards an expensive way

: Payment history (35%) and credit utilization (30%) are the heavy hitters. minor dip in your score.

📍 : Success in consumer finance requires viewing credit cards as a scoring tool rather than a source of extra income.

: Applying for a card causes a temporary, minor dip in your score.