05-10-2013 05:10 PM
Thanks to all of you. I am a member of a credit union and will go there. It is just sort of disheartening when one realizes they aren't getting any loyalty from their bank. The banker said I should just keep two of my cards which I thought was foolish.
05-10-2013 05:17 PM
Different institutions are different with their lending. While more cards do not hurt scores, they can hurt approvals and rates with different lenders. There are some lenders who don't want to see someone with 20 credit cards and 300,000 in credit available to them. Some people have said that when they were getting a mortgage they were told the same thing.
05-10-2013 06:24 PM
what is your income like?
unless your income is very low, your banker is most probably trying to take advantage of you and upsell you something.
time to switch bankers, if not banks.
05-10-2013 06:37 PM
And just so we're absolutely positively clear,
YOU CAN NEVER HAVE TOO MANY CARDS!
05-10-2013 07:17 PM
05-10-2013 08:18 PM
05-10-2013 08:59 PM
TAke ur stuff and run
05-10-2013 09:04 PM - edited 05-10-2013 09:06 PM
To quote Tony Montana:
"You banker is taking you for a loooooong ride mang......."
That was pretty good..
@ OP, I would agree with majority of the posters here. Check with another bank, there is a bank out there who would love to have you.
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO