The importance of credit scores has become ingrained in society, highlighting that a better credit score can lead to lower mortgage rates and bigger financial benefits. This insight emphasizes how strong credit scores can directly impact loan costs, making it crucial for individuals to understand the long-term benefits of maintaining a high credit score.
A Redditor raised concerns about the implications of opening another credit card after building a strong credit score over the years. This poses an important question about how many credit cards one can responsibly manage without jeopardizing their score, shedding light on the balancing act many face in maximizing rewards while maintaining a healthy credit history.
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