Why the credit hit...?
March 28, 2019 7:09 PM Subscribe
I just paid off a credit card. Then I used a bank Supercheck (2.9% APR for 18 months), to pay off most of another. I figured I'd continue to make the same monthly payments but, with the temporary interest rate, I'd be paying principal instead of interest. Sounds sensible, I thought. I just learned that my credit scores from two agencies went up 21% and 34% because of the hit from the Supercheck. Doesn't the fact that I used that Supercheck to pay off most of another card figure in the calculations? Thanks for any insight anyone might have.