How Credit Card Rewards Programs Affect Your Credit Score

In this episode of The Credit Score Podcast, Lucas and Luna explore the often-overlooked connection between credit card rewards programs and your credit score. Using the example of a Chase Sapphire Preferred cardholder who applied for three new cards in a year to maximize sign-up bonuses, they break down how hard inquiries, new account openings, and increased credit utilization from bonus spending can temporarily lower your score. They also discuss strategies for applying for rewards cards without derailing your credit health, including staggering applications and planning around major purchases like a mortgage. By the end, you'll understand why chasing points can cost you more than you think if you're not careful with your credit profile. #CreditScore #RewardsPrograms #ChaseSapphire #HardInquiry #CreditUtilization #SignUpBonus #FICOScore #CreditCards #PersonalFinance #CreditHealth #BorrowerHealth #CreditProfile #Finance #FexingoBusiness #BusinessPodcast #CreditScorePodcast #FinancialCounseling #CreditTips Keep every episode free: buymeacoffee.com/fexingo