I bought crypto with my credit card and my score dropped 100 points… here’s my recovery plan
When I noticed my credit score plunged 100 points after buying crypto with my credit card, I was shocked. What happened? Was cryptocurrency somehow “toxic” to my financial health? The truth is more nuanced – and important for anyone considering funding digital assets with credit.
Why your credit score tanks after crypto purchases
Cryptocurrency purchases don’t directly impact your credit score. As financial advisor Marcus Winters of Wealth Forward Partners explains, “Credit bureaus don’t track what you buy – only how you manage your debt. The crypto itself isn’t the problem; it’s how you financed it.”
When you charge several thousand dollars of Bitcoin or Ethereum to your credit card, your credit utilization…
