Not if you manage your payments and keep your credit utilization low. Adding a credit card can even help your score in the long run. Most users see a temporary dip after a credit inquiry, but their score typically increases within 60 days.

You can maximize your points by transferring them to third-party partners like Hyatt or Delta, often increasing their value by 25%–50%. This simple step can significantly enhance the value of your rewards, allowing you to get more from every point earned.

Yes! Many of Braiden’s recommendations include no-annual-fee options that still offer competitive rewards. If you’re just starting out with credit cards, a no-fee card can be a great way to earn rewards without any additional cost.

Cash back provides a set percentage of each purchase back as cash, often deposited directly into your account. Points are more flexible and can often be transferred for higher value in travel, dining, or gift cards. If you travel frequently, points cards offer more value; if you prefer simplicity, a cash back card might be best for you.

A sign-up bonus is a cash or points reward offered to new cardholders who meet a minimum spending requirement within a set period, usually the first 3 months. These bonuses can range from $200 to over $1,000 and are a great way to get immediate value from your new card. To qualify, just use the card for your regular spending until you hit the required amount.

Absolutely! Points can often be redeemed directly through travel portals or transferred to partner airlines and hotels for even higher value. For instance, transferring points to Hyatt can increase their value significantly, giving you discounted or even free stays at premium hotels.

It depends on your spending habits. Some people benefit from just one versatile rewards card, while others prefer having multiple cards for different spending categories (e.g., dining, groceries, travel). Braiden recommends selecting cards that align with your top spending habits to get the most out of each dollar.