08-19-2007 02:51 AM
09-26-2007 12:44 PM
This is why I am working towards both higher CLs and lower APRs. The only time I have carried a balance over in the last few years was a typo (I sent them the wrong amount of money and I was not, at that time, obsessive/compulsive about checking everything on line ). I hope to continue this way, but if an emergency happens, or if the internet goes down, or if I am stuck somewhere, and I HAVE to carry over a balance, I want the lowest interest rate possible.Noah_Bodie wrote:It's true that a PIF CC which one keeps PIF each month doesn't incur interest charges, so the interest rate be danged. However, one never knows what the future holds. As such, it's still a good idea if one has PIF CCs, to seek lower APRs, higher CLs, and better terms. If it's AMEX and any of a myriad of other OCs, seek to get the CC upgraded to a better CC with better terms, no annual fee, more attractive rewards, etc.
01-03-2008 07:55 AM
01-03-2008 08:01 AM
01-03-2008 08:21 AM
01-03-2008 08:57 AM
I apologize is this is straying from the topic, but once a card is Paid off and you choose to close it, how will that effect your score? Lets assume that utilization is not an issue. I have heard that Average Age weighs both open and closed accounts equally. If this is true, can I expect my score to stay the same if I close my oldest card?
01-03-2008 09:03 AM
I apologize is this is straying from the topic, but once a card is Paid off and you choose to close it, how will that effect your score? Lets assume that utilization is not an issue. I have heard that Average Age weighs both open and closed accounts equally. If this is true, can I expect my score to stay the same if I close my oldest card?On your question, assuming util isn't a factor, I believe closing an old CC will impact average age as I believe that only counts TLs which are open.
01-03-2008 10:18 AM
01-03-2008 10:46 AM
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