Credit Tips: Shopping for Credit Cards Can Hurt Your Credit Rating

Posted On: February 1, 2006

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Posted: Wed Oct 06, 2004 2:01 pm
Post subject: Shopping for Credit Cards Can Hurt Your Credit Rating
mt
Date: 1/22/2001 3:42 pm CDT

is there a site where you can place your offer to transfer credit card balance to see which company will bid the lowest rate, including rewards?

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Posted: Wed Oct 06, 2004 2:02 pm
Post subject: Shopping for Credit Cards Can Hurt Your Credit Rating

bayhouse.com
Date: 1/22/2001 7:43 pm CDT

That would be fantastic, I doubt it exists.

It’s important to understand that you’re supposed to incur lots of credit inquiries shopping around. Subsequently your credit score will go so low you’ll be lucky to get approved for NO perks and 20%+ interest rates.

Allowing you to shop for credit cards by soliciting “bids” would greatly reduce corporate profits.

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Posted: Wed Oct 06, 2004 2:02 pm
Post subject: Shopping for Credit Cards Can Hurt Your Credit Rating

lb
Date: 2/3/2001 9:30 pm CDT

It’s important to understand that you’re supposed to incur lots of credit inquiries shopping around. Subsequently your credit score will go so low you’ll be lucky to get approved for NO perks and 20%+ interest rates.

THIS pratice should be outlawed-one should not be penalized for shopping around