Posted by: phantom October 31, 2007
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Hello friends:
How does it affect on the credit history or score by having multiple credit cards but using just one of them? Do I need to close the others which I am not using? (I am keeping them just in case if I need them in future)
Also, if I am paying a high APR on one credit card, is it okay to close its account and order a new one from another company with 0% APR on purchase for the initial few months? Have you done that? How does it affect on the score?
Sincerely,
phantom
How does it affect on the credit history or score by having multiple credit cards but using just one of them? Do I need to close the others which I am not using? (I am keeping them just in case if I need them in future)
Also, if I am paying a high APR on one credit card, is it okay to close its account and order a new one from another company with 0% APR on purchase for the initial few months? Have you done that? How does it affect on the score?
Sincerely,
phantom