Welcome to Point Me to First Class, the only show for employed professionals, entrepreneurs,

and business owners who are looking to optimize their higher than average expenses to travel the world.

I'm your host, Stephen Gimbleimble and I believe that your expenses are your

greatest untapped asset if you know how to leverage them. Ready to dive into the world

of credit card points and miles so you can travel more, travel better, and travel often.

Let's get started.

Hello everybody and welcome to this week's episode.

Today we are going to talk about the truth

about credit cards and your credit score.

You may have heard me say on the last episode

that one of the biggest mistakes that people make in the

points world is having only one points earning credit card and that it can

actually be really advantageous to have several maybe even many rewards credit cards in terms of optimizing your ability to earn a lot of points.

And invariably, one of the most common questions I get from people who are learning about rewards cards and points is,

won't opening up a bunch of new credit cards damage my credit score

or make it drop significantly.

And I can completely understand this concern as someone who cares about their credit

score and wants to maintain a strong credit score. So I wanted to walk you through

exactly what goes into your credit score and then highlight how applying for new credit

cards can impact your score both in the short term as well as in the long term.

So first I'm going to break down for you the main contributors to your credit score so that you can understand how applying for and getting points earning credit cards can impact your credit score.

And once you understand the factors that influence your credit score,

...