How new credit impacts your credit score
New credit means exactly that — credit lines or loans that you applied for that you did not have before.
5 min read
Aug 29, 2024
Credit Scores & Reports Advice
Read the latest advice from our team of experts on everything you need to know about your credit score and credit reports.
Latest Credit Scores & Reports Articles
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How your credit limit is determined
Discover how credit limits work and what you can do to increase yours.
5 min read Aug 26, 2024 -
The 800 credit score: What it means, why it helps and how to get one
Earning an 800 credit score proves that you are a creditworthy consumer.
5 min read Aug 23, 2024 -
How to get preapproved for a Capital One credit card
Use Bankrate’s CardMatch tool or Capital One’s website to check for preapproval
4 min read Aug 22, 2024 -
How to close a Capital One account
Closing the account may affect your credit score, but it will depend on your current credit factors.
7 min read Aug 15, 2024 -
How to request a credit line increase with Capital One
Increasing the credit limit of your Capital One card can be done automatically, online or by phone.
5 min read Jul 25, 2024 -
Is closing a credit card bad?
Closing a card can increase your credit utilization, which can hurt your score.
6 min read Jul 18, 2024 -
How to request a credit line increase with Discover
Discover cardholders can request a credit limit increase by phone, online or on the Discover app.
8 min read Jun 27, 2024 -
How to request a credit line increase with American Express
A credit line increase can help you to increase your spending power and boost your credit score.
6 min read Jun 26, 2024 -
How to request a credit line increase with Bank of America
A Bank of America credit limit increase is possible, but you may need to ask.
7 min read Jun 25, 2024 -
How to request a credit line increase with Wells Fargo
A credit limit increase can be a great way to reduce your credit utilization ratio and free up available credit.
4 min read Jun 25, 2024 -
What happens if you don’t use your credit card?
Here’s how you should be thinking about those unused credit cards in your wallet.
6 min read Apr 04, 2024 -
How to read a credit report
Your credit report is a detailed record of your credit history and the accuracy of those details is important. Here’s what to look for when reviewing your credit report.
7 min read Mar 27, 2024 -
What credit cards can you get with a 700 credit score?
A credit score of 700 may not allow you to fill your wallet with high rewards credit cards named after precious metals and gems, but you’re well on your way if you keep building good credit habits.
3 min read Jan 25, 2024 -
What is the average credit score, and how can you improve yours?
This critical 3-digit number can open—or close—doors to great interest rates.
6 min read Jun 21, 2023 -
What credit score is needed for Chase credit cards?
In most cases, your credit needs to fall in the “good” to “excellent” range.
2 min read Jan 12, 2023 -
When do credit card companies report to the credit bureaus?
Safeguard your score with a few extra steps regardless of when your issuer reports.
4 min read Sep 05, 2022 -
Despite COVID, credit card debt sinks to lowest level since 2017
During the pandemic-created recession, when millions of Americans are strapped for cash, you’d think that more of us would turn to credit cards to help tide us over. It appears that just the opposite [...]
2 min read Dec 01, 2020 -
Survey: 33% of cardholders did something that could hurt their credit score during COVID-19
13% of cardholders say they’ve worried their credit score would go down since the outbreak began.
5 min read Jul 22, 2020 -
College students: Don’t pause building credit during COVID-19
Building credit now is an important step toward future financial health.
5 min read May 12, 2020
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