After learning how credit utilization impacts one's credit score, I just raised the limit on 2 of my credit cards. I opened 2 cards last week in order to take advantage of cash back bonus deals.(cont)

like
Posting as :
works at
You are currently posting as works at

Hard pulls of credit will have some impact as A1 mentioned, but long term it will benefit more than the initial impact of those pulls

like

Please keep in mind you will have two hard inquiries that will show for the last two years. This may negatively affect you for large sum borrowing.

like

Good for the long term.

like

Yes - as mentioned above this is good for the long term. The two short term impacts are (1) the hard pulls which typically have no impact after 12 months but stay on your report for 24 months and (2) this will lower your average age of accounts (AAoA) which again in the short term may drop you a few points but will be helpful in the long run If you keep the cards open.

like

Will this negatively impact my credit score? I use my credit cards like debit and pay everything in full weekly.

Opening 2 new cards will have a negative impact because of the credit inquiries, although not that much

This will likely boost your credit score if you had a low limit.. doesn't hurt to let less than 10% go into billing cycle and pay off in full. Sometimes it's beneficial. But wait and see how this change impacts it and let it normalize and then make changes again.. easier to address where your gaps are that you can work on to improve further.

Right. May be counterproductive if you’re looking for a mortgage in the short term.

I'm not looking to take out any large sums at present but rather looking into building a foundation for graduate student loans and mortgages in the future-- perhaps 3-4 years down the line? Would the negative effect have passed by then?

Related Posts

What are the salary bands/levels at JLL ? Any idea what P3 level in JLL tech means? Also, is the pay for an Energy Manager at CBRE and JLL at similar levels? Any employees at these companies.. please advise.

like

Does Sopra Steria gives joining bonus or any sort of one time bonus at the time of joining? Also, what is the salary for Module lead SAP FICO with 6 years of experience. Thanks in advance!

like

Just interviewed for a “JD Required” position and at the end of the interview was told the starting salary is less than I could be making as a legal assistant. 🧐🤔

likehelpfulfunny

Hi all, could you please help me with in-hand salary for below mentioned structure.
YOE-4.5 years.
Basic is very low I know :( Tata Consultancy Infosys Amazon Accenture IBM Cognizant

Post Photo
like

Hi All,

I cleared all rounds of interview in mastercard and Hr has requested documents. I submitted documents but Hr never asked me expected salary, so how they will provide offer and how long it will take to receive OL.

like

Let's do a salary thread for fraud and forensics pros:

Post your - Salary - City - Years of experience - Qualifications you hold.

Fishbowl will circulate the data once we've reached 100 responses, so make sure to share with your coworkers.

likehelpful

Anyone have any color on OTC crypto Sales Trader analyst/associate compensation packages? Thank you

likehelpful

How is Honeywell Aerospace division? Specifically for the Mech Design Engineer roles in the Aeroengines team? How is the work, wlb, salary hikes, team and the culture?

Has anyone paid back their sign on bonus when quitting? Did they allow you to pay it back in a repayment plan?

like

My friend is working in Microsoft as a project manager. Got an offer to join make my trip as a technical program manager. Current salary is 15l (base 11.5). Yoe 5+ years How much should he ask for? Microsoft MakeMyTrip

like

My salary is very low as per 10 yoe which is 20 LPA.I asked my managers to increase my salary as per market standard till 25lpa. They said talk is going on with HR as like me there are multiple employees who are not satisfied with yearly hike, but for sure they will give and it won't take much time. Do you think I should trust them and start looking outside. Here wlb is good which was my priority. Deloitte EY Barclays Deutsche Bank
Nagarro EPAM Systems Harman Globant TietoEVRY Xoriant private s

like

Any Audit S1 in the Bay Area office who can share their salary? Thinking to move. Thanks!

Anyone here have any information on where to invest your money apart from the firm's 401k match? New to investing and wanted to know where do other people invest since most of them wouldn't be investing in stocks directly.

like

I know this is a vague question but if anyone could give insight on the salary range for a personal assistant for a CEO of a staffing agency of about 50 people that is growing in NYC?

like
likeuplifting

Hello fishes,
In EY india, is consultant destination low level / mid senior level / senior level position? Also appreciate if anyone can share compensation as per different band level.
Thank.

like

Can anybody tell me, what would be the inhand salary ?

Post Photo
like

Hi guys. Currently I sell cars and have 3 years of total sales experience with no degree. Looking to get into a BDR or SDR role. Is that doable without a degree and if so what does base salary plus commission look like in that role?

like

More Posts

I know this is a vague question but if anyone could give insight on the salary range for a personal assistant for a CEO of a staffing agency of about 50 people that is growing in NYC?

like

Just a thought... "Change your thoughts and change your world. ~N. Peale
Lately I have changed my thoughts on ADD/ADHD. This conundrum that affects is truly a "Super power" when harnessed effectively there is almost nothing you can't do. Many of the issues and complaints I see are from people that are shaped like clouds trying to fit into a geo metric world. I have been dealing with this for over 40 years and have had various positions. Please share your thoughts.

likesmart

Why does Zulu do such corny work? Is it because of Zak?

funnylike

Shows like panchayat set in rural setting? Shows like these remind me of my lazy summer afternoons in my grandmas village. I love Hindi movies set in smaller towns/villages like Bareilly ki barfi, stree etc - feels natural and relatable to me. Can anyone suggest movies/series set in rural india?

likeuplifting

Are there any restaurant/hotel people here?

like

I just signed an offer letter yesterday and today some guy called me about joining his project. Is that normal?

funnylike

Does anyone know a good tutorial video from where I can learn pyspark?

likeuplifting

Hi! I need someone to refer me in Lenovo. Please comment/DM if you can help.

like

What's the review about teksystem?

like

Tips moving to Europe? How often do agencies in London or Amsterdam hire from the States? I’m a Producer with 5 years experience w/ some auto, and worked with a few A-list prod co’s & directors. Thx!

likesmart

What tick is this? Virginia

Post Photo

How would you know if your infant hates daycare?

like

Need EXPERT SUGGESTIONS!
10months into a project with skill mismatch.
Constantly being moved within teams.
This last team movement has played havoc.
Can't meet productivity anymore.
Can't meet target anymore.
No appraisal or SL movement yet.
No positive feedback on Workday.
I'm on wellness program for mental support.
Still calling me for RTO this Monday.
Are they planning PIP on me?
Should I put down my papers?

like

Hi guys

I am working in
Tata Consultancy kolkata from past 3 years, planning to get transfer to TCS Bangalore(hometown). Will there be any issues if I provide fake medical certificate for my parents? Also now they are forcing me to come back to kolkata office, is there any possibly they may let me work from bangalore office even if my project ODC is not there in bangalore?


Tata Consultancy

like

Hi guys I am getting 19 fixed + 2 lakh joining + 1.9 var in ZS
AND Bank of America 21 fixed which should I join for good career exposure and which would be better

like

Anyone work in the Chicago office?

Started dating someone recently and just got staffed on a travel project through end of year. We both want to make it work. Any advice about being a relationship while traveling all the time?

like

Additional Posts in Personal Investment Chatter

Is it a good time to buy first home condo for 300k chicago downtown now? 45k in HYSA, 31 single. Rest of my money went into gifting home for parents and edu loan.renting for 1700 per month

likehelpful

Does anyone have experience adding authorized user to a fidelity account?

like

Anyone going in big on gold/oil ETFs?

like

what is the lowest 20yr refinance rate at NYC you see now? And where?

like

Any thoughts on zero cost fidelity funds. Any you like?

like

Left KPMG last year to move to smaller consulting firm. I still have my 401k over there and haven’t rolled it over anywhere. What are my best options? Currently maxing out 401k

helpful

Looking for recommendation - books, blogs, podcasts etc to learn about investment in stocks, bonds, options, commodities etc? TIA!

like

Can you withdraw money from 401k? What the penalty and how to find out?

like

Curious for some advice…

I currently have a Cap One Venture card. I have had it for a couple of years now but I am interested in upgrading to a Venture X card.

No promotion has been offered to me to upgrade my existing Venture card to a Venture X card.

Should I wait until that promotion is offered to me? Or would it be dumb to apply for a Venture X card separately and a) hold both cards or b) close out the original Venture card.

like

Would you recommend an associate making 90k base in NYC prioritize maxing out their 401k and Roth IRA even if it means they won't save beyond that? Assume debt has been paid off and 3 month emergency fund in savings

like

I’m a first time home buyer and trying to figure out how to get started. Any good resources you all have come across or tips in general? Specific question in comment below

like

Has anyone maxed out their Roth for the following year yet? Thinking of taking it out of my account for the following year and capitalize on the gains

like

Once I’ve maxed out my 401k and IRA accounts, where else can I do with my savings if I wanna continue investing in stocks? Feel like keeping a stash in a high yield savings acct isn’t the best rn.

like

25 95k net worth, at what point would it be worth it to have someone managing my money in the stock market rather than doing it myself? when I hit 200k net worth?

For reference I do my own investing now but don’t really understand a lot of it and am not particularly interested in reading up…

like

26 years old. Thinking about doing Grad school in 2 years. I have been doing Roth 401k. Should I keep on doing that or switch to Trad 401k? Info on this is so mixed :(

like

Anyone else feel like they’re never going to be able to afford a house??? I’m 25 & live in New York. The real estate prices are crazy here

like

If you were to attend a 1-2hr free financial seminar, what would you want to learn? I'm thinking of hosting a free financial literacy workshop that will actually make a budget and networth statement.

likeuplifting

How much house can I afford making ~80k/year pretax? Also is it worth it to put down less than 20% despite PMI? I know credit is cheap right now, so I’m curious. TIA

like

I’m considering Schwab roboinvestors to manage my investments actress various index funds aligned with my risk profile. Aside from the large 6% cash requirement, what are other downsides?

What is a good alternative to Robinhood that can connect with Mint? E-Trade? Interactive Broker? I’ll mostly be trading ETFs with low frequency. I use Mint to track all other accounts so prefer the trading app to be linked. Thanks!

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal