Depending on your payment performance with Extra and your overall status with your other creditors, any product that requires periodic and regular fulfillment of payment obligations may cause your credit score to fluctuate.
Here are some of the most common reasons:
Opening a new account can temporarily lower your score. The good news is that this is one of the most common dings to your score and the easiest to recover from.
Score fluctuations for opening a new account are generally due to how many lines you already have open, as well as how long you’ve had those lines open.
If you miss a Daily Spend payment and do not pay it back within 30 days, your missed payment will be reported on your credit file which may have a negative impact.