Im in the market for a CC right now. This is possibly a little ot from the original thread, but I figured its crose eruff. Which companies are offering pretty low aprs right now? Keep in mind, this will be my first credit card, (minus bank cards).
Yes, there is. Go get this book. Seriously. It answers all the questions in plain english, and is actually a decent read and gives you the knowledge that in this day and age you really shouldn’t be without. It covers things that nobody mentioned in this thread that affect your credit rating, like your ratio of debt vs available credit.
If you do cancel a cc make sure you receive a letter from that bank confirming the closure.
When I applied for my mortgage the bank said I had 2 credit cards which was untrue because I cancelled one of them.
I then had to get a letter to confirm that the account was closed.
I have only one credit card and I always pay it off every time I use it.
Home equity > * though.
Once I had my mortgage the banks were throwing money at me.:biglaugh:
;)
keep the cards…put a little balance on them, maybe once each month. (ie, buy groceries with one, gas with another, etc).
bigger line of credit with more on-time payments = the win
i got multiple cards but only actively using one of them.
i like my GM card. I will prolley have enough GM cash to buy by self a Brandnew Compact car in 15-20 years
^I got about 3k off a new GM right now. 