The Daily Drop Podcast
Daily Drop is a newsletter that teaches you how to earn and redeem miles and points in under 5 minutes a day (witty commentary, gifs and memes included 😉). Join Mike and Megan for The Daily Drop Podcast to extend the conversation that earns you free(ish) travel. Expanding some of your favorite miles and points topics, answering your questions... and we promise to not skip on the witty commentary.
The Daily Drop Podcast
All about credit scores
In this episode, Mike discusses credit scores and credit card statements. He explains the components of a credit score, including payment history, utilization, average credit length, new credit, and credit mix.
Episode Time Stamps:
00:00 Intro and the basics
00:57 Components of a Credit Score
02:21 Payment History and Utilization
02:49 Average Credit Length and New Credit
04:17 Credit Mix
04:46 Understanding Credit Card Statements
06:38 Payment Due Date and Interest
07:34 Importance of Making Payments on Time
08:33 Managing Credit Utilization
09:28 Strategies for Low Credit Utilization
12:22 Strategies for Average Credit Length
13:44 Keeping Oldest Credit Card Open
16:36 Improving Bad Credit
20:28 Increasing and Decreasing Credit Limits
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