I am building a house and currently have a credit score of 800 while my husband has a credit score of 730.?

Question

I want to apply for a chase freedom card which gives you 3% back on your purchases as we are going to be buying quite a bit of items. We will immediately pay the balance off every month but wanted to know how bad it is to open a new card when you are building a house. Thank you so much for any info you can give me!!

Answer 1

It won't hurt your score, for more information on maintaining your credit read this article http://www.monitorbankrates.com/how-to-b...

the site lists several tips on how to maintain your credit score

Answer 2

My credit score is lower then yours and I have a chase freedom card, with no problems. I just pay the minimum, but if can pay off the balance that's even better. I think it's a good idea.

Answer 3

With your credit score, it won't matter at all. It won't make a difference.

Answer 4

if your scores are that high applying for a credit card isn't going to drop your points enough to matter.

Answer 5

You really should not have a problem by paying it off every month....What type of loan do you have for the home right now? Do  you have a construction to perm loan or will you have to get another mortgage after the home is complete?



If you have to get a new loan they will probably need a statement from you credit card company showing a 0 balance depending on your debt to income ratio

Answer 6

with your scores it won't be an issue, unless you go nuts with your debt to equity ratios..