Did you know credit cards can be used for more than just swiping to make a purchase in a store or online? You can also take advantage of your credit limit to do a cash advance and withdraw cash or use a balance transfer to move a balance from another credit card.
Short and sweet? Yes, your credit score will decrease when you officially apply for a credit card. But don't worry - The drop is temporary and the score increases after a couple of weeks and the benefits of having a credit card far outweigh the initial drop in score. By that time, you could be using your credit card responsibly where the lender reports your positive credit card activity to the bureau. In turn, that positive activity will boost your credit score even higher