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Old 04-28-2018
Canadianleaf's Avatar
Canadianleaf Canadianleaf is offline
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Default Re: Making money

Quote:
Originally Posted by rsot View Post
@Canadianleaf, but your credit score takes a hit everytime you open a new card...especially cancel the card within 6 months....no?
When you first apply for a card you take a very insignificant hit from a credit inquiry. This is petty and will heal by the following month. Many churners close their card earlier then 6 months but some in the community say 6 months is a good timeframe for closing credit cards to not raise flags and closing @ 6 months does not take a hit on your credit compared to closing earlier.

Theres a huge community on this. Check out reddit.com/r/churning and /r/churningcanada
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