jaybee wrote:I opened a Saks account in 2000 and I closed it in 2004. It had perfect history. I have a few questions about this.If I reopen this account will it hurt or help my score?What scores are they looking for?What bank do they use? And...What credit bureau? Or...Should I even worry about any of those questions because I previously had a good standing account with them and they will just reopen it?I want to do this because according to myfico my util is at 19%; I have read on here that it is better to have 9 or 10%--I can't remember. Any thoughts would be greatly appreciated.
Saks' Credit Department explained to me that if I decide to get their new MC, my existing Saks (retail store use only) account would be the same--it would remain active, and my 11/1978 opening date would remain unchanged. I was very obsessive-compulsive with them about this point, because Saks Fifth Avenue is my oldest account on my credit reports. I don't want to lose that 1978 opening date. However, their new MasterCard would have a different account number, and a different opening date. That's why I just decided to stay with my old Saks (retail store use only) credit card.
jaybee wrote:OMG!!! psychicSo would it look like I have a new card on my CR or would it have the same open date as the first one? I saw on the site that it said upgrade, not add another card. That is not cool. 2 statements!!
jaybee wrote:When I do decide to reopen my account I will not upgrade. Besides, I already have a few major's. I am not really looking for rewards, I do not plan on using the card much, the interest rate is not too good. I will buy moisturizer or some makeup every month just to let it appear to be active.