Linked Questions
17 questions linked to/from Is it ever a good idea to close credit cards?
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How will "Final" closing down affect my credit score? [duplicate]
I recently opened up a new credit card with a company called "Final". That company has decided to close down (they did not go into details on why). In response to this, I have 2 questions:
1) How ...
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Credit card accounts and credit score [duplicate]
I m relatively a new resident in the US. I opened an account with BofA (oct/2016) and after struggles they approved me for their student secured credit card account (700$). After 4 months I applied ...
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4
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How to recover from credit score hit from paying off loan?
My credit score recently took a dip after I paid off my student loans recently.
When I look at the credit report via mint it shows a "not bad" rating for number of accounts opened. ("not bad" is the ...
- 660
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4
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7k
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How much does credit score matter?
The higher your credit score, the better. If you ever had the choice of two different credit scores, you are always better off preferring the higher one.
However, while the utility of a higher score ...
- 2,688
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3
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2k
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Should I keep a credit card open to maintain my credit score?
I have a credit card that was opened when I first got out of college, and was my first credit card. Since then, I have switched to cards with rewards, figuring that since I pay it in full each month, ...
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3
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3k
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Does having multiple credit cards contribute to "credit mix"?
Right now, the only credit account I have is one credit card, which I've had for about two years. If you don't count as debt the couple hundred dollars I put on that card and pay off in full each ...
user45657
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4
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3k
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Automatic transaction on credit card to stay active
I have 4 credit cards.
I use 3 of them frequently for individual purposes as they offer different cash back for different things.
However there is one that I rarely use. Is there a way to set up ...
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522
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Should I cancel my first of five cards, which has a $300 limit?
I currently have five credit cards, four of which total $11,500 in credit, the other is a $300 line. I'm a recent graduate not making tons of money, so I don't spend more than $6k per year on things ...
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If Sears is canceling my account that hasn't been used in years, will it hurt my credit score?
I have a Sears credit card that I haven't used in 14 years. They have recently contacted me and told me that if I don't make a purchase by Nov. 30, that they will cancel my credit card. If they (not ...
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0
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Best Buy bait-and-switched me into applying for a credit card, how and when should I cancel it?
I'm buying a new $3,000 fridge from Best Buy and during the check-out, I was offered the opportunity to apply for a store card in exchange for a 10% discount "on first day of purchases". I ...
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2
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Is it a good idea to apply for a credit card with no annual fee, and use it only to get the welcome bonus? [duplicate]
Many credit cards have no annual fee and some welcome bonuses. For example, after one spends over a certain amount in the first say three months, the credit card user gets $200 reward.
I am thinking ...
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2
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375
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Closing a credit card with no debt to avoid annual fee
I have a credit card through my bank (in the US), which I've had for several years. I spent the last year outside of the US, so I got a second credit card from my bank - one with an annual fee (waived ...
- 113
1
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2
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672
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Worth canceling an old Amex Charge Card Account?
I'm looking for a bit of advice as whether or not it is worth canceling my Amex Charge Card. Currently, I am using an Amex Gold Card as my one and only card. I have had a Charge Card account with Amex ...
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2
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860
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Impact of downgrading a credit card on credit history (specifically avg age of account)?
Does downgrading a credit card, from a premium card that has an associated annual fee to one without an annual fee with the same bank, impact the credit history?
Assume that the credit line remains ...
- 113
0
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2
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644
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Switching Banks, Switch Credit Cards, too?
I'm moving to a Credit Union from my long-term bank. I have two credit cards already with the bank, and one card has a balance on it. I would prefer to consolidate and cut myself completely off from ...
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