New Member
Posts: 6
Registered: ‎08-30-2007

Opening a new card with lower APR

Hello! I am considering opening a new card with way lower APR than my current card (12% versus 28%!!!). Anyway, I had bad credit due to 2 closed accounts (closed by credit grantor) I was forced to use for medical emergencies when I had no insurance and then couldn't pay off. I have paid off one in full 3 years ago via settlement. The other, I still owe $1200. Currently, I have one card open with a history of paying off every monthly balance in full for 10 years. The other card with the high APR has been open for 3 years and I have also paid this off every month. I want to keep this high rate card open and then open a third card (the one with a way lower APR). My score is now increased to a 699. My question is: will opening this third card with the lower APR cost me FICO points and lower my score (do I have too much revolving credit). Thanks!! Shannon

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