06-27-2016, 02:46 PM
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#1 (permalink)
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Enthusiast Member
Join Date: Oct 2010
Location: Washington
Posts: 313
Drives: 2009 RIP Now 2012
Rep Power: 16
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Quote:
Originally Posted by cooltoy
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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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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The Truth, it hurts sometimes. FI LTH & FI CF CBE. This is a 370Z forum, if I want to fling poo at another brand of car and your feelings get hurt, then you're hanging out in the wrong forum (cry elsewhere).
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