Reply
New Member
Heiney
Posts: 3
Registered: ‎08-24-2007

New Credit

Should I obtain a new card with no annual fee and zero interest for 15 months and a decent purchase rate after and cancel a card that carries an annual fee and higher purchase rate interest?  Thanks!
Regular Contributor
pez478
Posts: 114
Registered: ‎04-29-2008

Re: New Credit

[ Edited ]

I would definitely call a backdoor number and try to get the annual fee waived on your current card and then hold on to it for age purposes. Without knowing what your credit situation looks like, it might not be a bad idea to get a new card with a low interest rate because if you carry a balance, that will obviously help save you money. If you provide some info on what your credit report looks like, I'm sure the forum members can give you some great, more specific advice.

 

ETA: Welcome to the forums!  :smileyhappy:

Message Edited by pez478 on 04-23-2009 04:50 PM
Message Edited by pez478 on 04-23-2009 04:50 PM

Starting Score: EQ 749 TU 751
Current Score: EQ 758 TU 776
Goal Score: 780


Take the FICO Fitness Challenge
Valued Contributor
casinoannie97
Posts: 1,989
Registered: ‎08-17-2007

Re: New Credit

need nore info. that being said, you don't have to use the a/f card much and it's aging and helping you (if you need help).  If you pif there's no interest.

 


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
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+