Checking your credit score will not hurt your credit. There are two types of credit injuries: soft inquiries and hard inquiries. When you check your credit through a free credit monitoring site, this is considered a soft inquiry. When you apply for credit (credit card, auto loan, mortgage, some utilities, etc.), this is reported as a hard inquiry. Soft inquiries are reported as nothing more than a “note” on your credit history that states you checked your credit score. A hard inquiry is reported from the credit bureaus and is a negative mark: see “What makes up my credit score?”
How often should you check your credit score?
The RewardStock team checks their credit score at least once a month, if not more frequently. You will be surprised at how quickly your credit score can increase based on responsible credit card usage. Another nice feature of a credit monitoring site is that you can get anticipated (not 100% accurate, but it gives you a good idea) credit score impact of certain factors like opening a new card, paying off a loan, missing a payment, and going bankrupt. It’s good to see how everything impacts your credit score.
One final note: you should check your credit score periodically, regardless of whether or not you are applying for credit. This helps ensure you are catching any potentially unauthorized accounts and any unrecognizable flaws. You should also check your credit report on an annual basis. This is a full explanation, in detail, of what accounts you have opened and closed, payment history, opening and closing dates, any potential delinquencies, and more. It is vital that you stay on top of your credit score to ensure that best credit score possible.