Why you shouldn't change credit cards too often

There are some great credit card deals around at the moment and on the surface it would seem silly not to check them out. There are a few things however that you must bear in mind when doing your research.

Always check the small print, if you make an application to see if you can get a good deal you may have authorised a series of searches on your credit report. You must remember that a footprint will be left on your record for 12 months.

When you then see a better deal you may well be rejected. You see, a new lender will just see searches and they do not know why they are there. They may see this as evidence that you have been rejected, have too much credit that you cannot afford or you have been subjected to fraud

So bear this in min View the rest of this article