Originally Posted by
Edwin Goitia
Surprisingly, I have found over the last 3 years that by applying for more credit, paying it off monthly, and having virtually no balance, along with my rising income, has helped me climb from a 530 FICO to a nearly 750 FICO score. It's been an amazing journey.
For this reason, I didn't blink twice recently when I applied for another 4 cards (mostly business to help build biz credit separately) but ended up qualifying to earn close to 250,000 points over the next 3-4 months!!
Welcome to Flyertalk! You could be the poster child for the naysayers who insist that applying for credit ruins one's credit. In fact, we tend to lose sight of the fact that a credit score is designed to analyse how likely one is to pay back debt. Proof that you pay your bills- as evidenced by open lines of credit in good standing-- is the best way to show that you WILL pay your bills.