The last time I checked my credit score, it was at 717. That was on June 12, 2010.
Since then, I have applied for4 different credit cards. The purpose for applying to each of these cards was to earn free miles.
The four cards I applied four earned me 200,000 miles. That’s good for 4 round trip tickets to many international destinations.
So how did this impact my credit score?
Let’s find out.
I’m happy to report that my credit score as of 5/13/2011 is 752. An actual increase!
Why did it go up? I can think of a few reasons.
- I only had one credit card before, so more credit cards improved my utilization rate.
- I paid all of my bills on time.
- I didn’t apply for many credit cards all at once. Although, I’m not entirely sure if this helps or not.
One of the biggest assumptions about travel hacking is the negative impact on your credit score. Everyone’s credit situation is different and nobody knows exactly what goes into this calculation. However, my point is that you should always test assumptions. Many times, they’re incorrect.