I’ve had a credit card for years, always paid on time etc. I recently took out a PayPal credit to purchase an item as it had 4 months no interest to pay it back. Stupidly I thought it was like a finance option not an actual credit card. My credit score also dropped off by 15 this month because of that. Is this usual?
Also I wanted to switch my credit card from nationwide to American Express. Now I’m worried if I apply for another credit card now that will negatively impact my score. Or will it stay same if I cancel my other one first…
Any advice would be appreciated.