On: A Man Who Flies Around the World for Free

[Nicholas_C]

>Just realize this tears up your credit score so don't go getting large 5-6 figure loans for cars/houses while doing this.

What part of this tears up your credit score? The hard inquiries or the opening of new accounts? I may be buying a car in the next few months and now I'm a little concerned about opening up a new account or two for points.

[fweespeech → Nicholas_C]

I'd advise getting any loan(s) you need in the next 2 years first, then doing this if you are going to.

https://www.creditkarma.com/article/hard_inquiries_and_soft_...

Hard inquiries when you open the new credit cards. A number of companies have a threshold where it triggers a denial.

Its a bit more complex than the credit score itself, for instance:

http://milestomemories.boardingarea.com/chase-credit-card-ch...

> The 5 cards across all banks rule generally applies to authorized user accounts as well.

So yeah, there are things in place to knock you down a peg if you do stuff like this. But so far, at 4 cards per year, I don't really run into issues.