After receiving the Chase Sapphire Reserve Card, I was pleasantly surprised to see my credit score jump by 12 points. I'm not the typical user of opening and having multiple credit cards with high limits. Credit reporting companies saw my low credit availability of 7k on my one credit card as a negative factor in determining my credit score.
Since my previous credit card limit was 7k, signing up for this new credit card made it rain like past couple of days in California. Hopefully it doesn't stop anytime soon. With this turbo-charged credit score and new limit, I suppose it would be unpatriotic to spend less. I guess I'll have to take advantage of this when I take out my next loan or mortgage. Also, I was about to close my Bank of America credit card since I'm trying to max out my spending on the Chase card. However, after some digging, this would actually have an adverse effect on my credit score because my total credit limit would decrease and my credit age and history would decrease. My credit score would probably have dropped if I had closed the Bank of America credit card. For your credit cards, these practices are beneficial to increase your credit score.
And if you have debt
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