What steps can i take based on this?

[Anonymous]

Sure - but so?  You're not paying the high APRs, you're getting benefit from the credit line, and future creditors don't know what the APRs are. 

[Anonymous]

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@Anonymous wrote:

Sure - but so?  You're not paying the high APRs, you're getting benefit from the credit line, and future creditors don't know what the APRs are. 

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but if at some point god forbid i need to carry a balance...then i want it to be as cheap as possible.

[Anonymous]

So don't carry a balance on this particular card.  Cancel it and you don't have the option to - keep it and if it really comes down to it, it's your last-resort card.  And it adds to your total CL, which affects your overall utilization positively.

[Anonymous]

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@Anonymous wrote:

So don't carry a balance on this particular card.  Cancel it and you don't have the option to - keep it and if it really comes down to it, it's your last-resort card.  And it adds to your total CL, which affects your overall utilization positively.

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but at what point will i be denied credit because of too many accounts. i want better quality cards to replace the ones that screwed me over by doubling my rates

[MarineVietVet]

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@Anonymous wrote:

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@Anonymous wrote:

So don't carry a balance on this particular card.  Cancel it and you don't have the option to - keep it and if it really comes down to it, it's your last-resort card.  And it adds to your total CL, which affects your overall utilization positively.

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but at what point will i be denied credit because of too many accounts. i want better quality cards to replace the ones that screwed me over by doubling my rates

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In the end you have to decide what is best for you but "better quality cards" are not immune to rate jacking, credit limits being reduced, and/or account closures. I know from first hand experience.

From a BK years ago to:

9/09 EX pulled by lender 802
3/10 EQ- 800
4/10 TU -772

You can do the same thing with hard work

Credit Scoring 101
Common Abbreviations
Frequently Requested Threads
Credit Problems Which Is Worse?
Whats In Your FICO Score

[Anonymous]

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@MarineVietVet wrote:

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@Anonymous wrote:

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@Anonymous wrote:

So don't carry a balance on this particular card.  Cancel it and you don't have the option to - keep it and if it really comes down to it, it's your last-resort card.  And it adds to your total CL, which affects your overall utilization positively.

---

but at what point will i be denied credit because of too many accounts. i want better quality cards to replace the ones that screwed me over by doubling my rates

---

In the end you have to decide what is best for you but "better quality cards" are not immune to rate jacking, credit limits being reduced, and/or account closures. I know from first hand experience.

From a BK years ago to:

9/09 EX pulled by lender 802
3/10 EQ- 800
4/10 TU -772

You can do the same thing with hard work

Credit Scoring 101
Common Abbreviations
Frequently Requested Threads
Credit Problems Which Is Worse?
Whats In Your FICO Score

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you right about that. i'm gonna wait till my debt level goes down before i do anything anyways.

probably buying a car in 2013. the only major expense i am planning for.