Interactive: Shop your way to a better credit score
Your score could go up or down depending on what you buy
By Anna Bleker
|Shopping and credit cards|
Don't allow a convenience to become a curse. If you frequently purchase with plastic, CreditCards.com offers useful tips to help you become a savvier shopper.
Credit card issuers increasingly use complicated formulas to analyze their cardholders' purchasing patterns for signs of increased risk. Should you swipe your
The opposite is true as well: Some purchases are seen as those exhibited by a less-risky person, and they can raise a score.
In the interactive below, drag the various items to the shopping cart to see how a real-life purchase of that item might affect your credit score:
See related: What you buy, where you shop may affect your credit, Card issuers watch what you shop for, Am I a lab rat in the credit card industry's psychology experiment?, Chart: Compare some of the best rewards cards, 10 things you must know about credit scores, How to protect your credit during a marriage breakup
Updated: June 15, 2010
- Create, restore credit with a credit-builder loan – Credit-builder loans are small loans, made by some credit unions and a few banks, designed to help consumers establish or boost a credit profile ...
- How to check your child's credit report – With a few exceptions, children shouldn't have credit reports. If they do, it could be an indication of fraud. Here's how to find out ...
- Credit reports to raise standards to improve accuracy – The big three credit bureaus will take steps to reduce errors on credit reports and improve the dispute process under a settlement announced Monday ...