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Thread: Definition of Churning?
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Old Sep 11, 2006 | 12:55 pm
  #10  
Dudemon
 
Join Date: Feb 2001
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Originally Posted by ethiopianbuffman
well everytime you open and close a credit card your credit score takes a hit from 5-10 points.
If this were true my credit score would be lower then the 450 FICO bottom.

If you open just one card and close it after the points post then you have churned. Everything else is just rate and volume.
Last edited by Dudemon; Sep 11, 2006 at 1:01 pm
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