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No. Just keep the card for the offer period. Having several cards actuall lowers your ability to get credit, if you ever need it. The balance, even if you don't

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Old 06-15-2016, 03:19 PM   #1 (permalink)
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No. Just keep the card for the offer period. Having several cards actuall lowers your ability to get credit, if you ever need it. The balance, even if you don't use it counts as debit against you.
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Old 06-15-2016, 03:26 PM   #2 (permalink)
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No. Just keep the card for the offer period. Having several cards actuall lowers your ability to get credit, if you ever need it. The balance, even if you don't use it counts as debit against you.
It all depends. Closing a card isn't always a good thing.

The Do’s and Don’ts of Closing Credit Cards | My Money | US News
cv129 and old guy like this.
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Old 06-27-2016, 02:46 PM   #3 (permalink)
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No. Just keep the card for the offer period. Having several cards actuall lowers your ability to get credit, if you ever need it. The balance, even if you don't use it counts as debit against you.
WRONG. Having multiple, OPEN lines of credit shows well upon you as long as you can manage them well. The older the credit line the better. Closed lines of credit doesn't do your credit score any good. ACTUAL $ debt counts against you vs the maximum allowed for each line of credit. As long as you maintain them (I would guess) 25% or less in debt, you'll be fine.

Credit Karma is actually a good way to learn how credit works while looking at your own credit!
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