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Is it safe to surf credit cards?

While the term credit card surfing is fairly new, it refers to those who move between credit cards on a regular basis in order to make use of new promotions, interest free periods and other benefits. The industry is split as to whether this can affect your long term credit rating but there is no doubt it does not help.

Even if you have the best credit rating available, if you were looking for a new credit card and the company did a credit check they may see the fact you have numerous applications in a short space of time. While this would not necessarily mean that you are a bad risk as such it does indicate that you may not be around forever. At the end of the day the banks are in this to make money and someone who applies for an offer / promotion and then leaves when it is over is unlikely to make the bank rich

Credit card surfing can and has saved a lot of people a lot of money but you do need to be very careful to ensure that you do not do it too often as this can affect you credit rating. Many companies will not bother to see that you have a perfect credit rating but will instead just see a large number of finance applications over a short period of time.

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