Lesson 6: Spot the Credit Crisis
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- I'm super excited about our trip to Disneyland!
- Me, too! Guess what? I got a really awesome credit card offer in the mail.
- Oh?
- I get airline miles for every $1 I spend, plus bonus miles for opening a new account! Isn't that great!
- You've opened three other credit cards recently. With this one, your credit score will go down.
- I don't think that's a good idea.
- Why not?
- Each time you apply for a credit card, your score goes down.
- Opening too many accounts over a short period of time says you might not be using credit wisely.
- Wow!
- Thanks, Jen. You're such a great friend!
- A smart one, too!
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