I had an interesting question hit my inbox the other day – it was a little long so I won’t paste it here but the basic question was whether holiday shopping will have an effect on your credit score. The reader’s concern was that he’ll be doing a lot of his holiday spending on credit cards, in order to maximize his credit card rewards, and he plans on buying a house next year and doesn’t want to do anything to jeopardize his credit score. 1% rewards sounds great unless it costs you 1% on a mortgage!
My first inclination was to answer that there was no way your holiday shopping could affect your credit score… but it might actually affect your score.
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