Applying for multiple bank / credit union new a/c "bonuses" and impact on credit
If you apply for multiple banking / credit union bonuses over a one year period (which results in multiple checking accounts, specifically, and maybe a few savings accounts), how does this impact your credit score when you apply for a home mortgage?
Applying for bank / credit union bonuses for new accounts seems like a safe way to earn some extra cash doing the things you'd "normally" do anyway (spend $250 a month on their Visa debit or credit card, have a direct deposit of $25 minimum a month into the newly opened a/c & so on), but I'm wondering how all this activity and inquiry into your credit affects you when it comes time to apply for a mortgage? Mostly, I'm trying to figure out how these multiple applications affect one's credit score, esp if all the a/c openings happen just before a large loan application?
Does it matter if only one partner applies for the bonuses and the spouse does not?
Is it better to completely avoid "fishing" for these new account bonuses the year prior to applying for a mortgage?
Please advice. Thanks in advance!
If you apply for multiple banking / credit union bonuses over a one year period (which results in multiple checking accounts, specifically, and maybe a few savings accounts), how does this impact your credit score when you apply for a home mortgage?
Applying for bank / credit union bonuses for new accounts seems like a safe way to earn some extra cash doing the things you'd "normally" do anyway (spend $250 a month on their Visa debit or credit card, have a direct deposit of $25 minimum a month into the newly opened a/c & so on), but I'm wondering how all this activity and inquiry into your credit affects you when it comes time to apply for a mortgage? Mostly, I'm trying to figure out how these multiple applications affect one's credit score, esp if all the a/c openings happen just before a large loan application?
Does it matter if only one partner applies for the bonuses and the spouse does not?
Is it better to completely avoid "fishing" for these new account bonuses the year prior to applying for a mortgage?
Please advice. Thanks in advance!