Does it hurt your credit to keep switching credit cards once the 0% interest is up?

I have a credit card and the zero percent interest for a year is up at the end of this month. I want to transfer to another card that offered me zero percent for a year. Why wouldn%26#039;t I? Will it hurt my credit?

Does it hurt your credit to keep switching credit cards once the 0% interest is up?credit cards

Yes actually it does. Everytime you apply to a new card to get another one that is offering the 0% interest it puts a ding on your credit report. Credit scores consist of more than just that your bills are paid on time , it also tracks how often you apply for more credit and that is not a good thing to have on there. And all your creditors know you are doing it. When we applied for a car loan , our mortgage company called us to make sure we were not applying to refinance our home.

Does it hurt your credit to keep switching credit cards once the 0% interest is up? loan

I think as long as you KEEP the other card, and have mantained a good payent history - it willonly HELP your credit rating (more cards = more credit credibility.|||Yes and no. The people with the highest credit have established accounts that have been open for over 5 years. If you keep switching cards, you%26#039;re really kickin%26#039; yourself in the bum. On the other hand, you aren%26#039;t paying interest ...|||There is a lot of good info on this subject right here.