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If you just paid off a few low limit credit cards is it better to close them or keep them open with a zero balance to increase your score?
Wiki User
∙ 18y ago
Its better to keep at least a couple open (if you don't have any others) and use them from time to time, making sure you pay on time every time. This gives you a track record of paying on time, which is what they look at. This is better than not having any at all, or having them and not using them.
Wiki User
∙ 18y ago
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How do I transfer the balance on my credit cards?
You will have to talk to you credit card company. They will be able to assist you in transferring your balance on your credit cards.
Which is better one credit card with a high balance or 5 low balance cards?
Better for what? If for your credit rating, it depends on a few factors. Credit cards and other loans are called trade lines in the industry. If you have no other open trade lines, 5 cards might be better, but ultimately it depends on usage and total issued credit. Without this information, I am going to assume you have few other cards and provide a best guess. Go with the 5 cards.
Are you better off having no credit cards or having multiple credit cards with no balance?
Its best to have only a few credit cards to no credit cards. Say you have 4 credit cards with a 500 limit on each and a zero balance, There is the potential for you to charge 2000.00 whenever you want. When you have so much available credit, Lenders are scared to loan to you, Therefore hurting your credit. Best bet: If you dnt use 'em, Lose 'em.
What types of cards are offered by Chase?
Chase offers cash back credit cards, rewards credit cards, travel credit cards and Special Balance Transfer Offer Intro APR on Purchases and Balance
What are some credit cards that offer free balance transfers?
There are many credit cards that offer free balance transfers. Credit cards such as the 'Discover it Card' and 'Citi Diamond Preferred card' offer free balance transfers.
How do I transfer the balance on my credit cards?
You will have to talk to you credit card company. They will be able to assist you in transferring your balance on your credit cards.
Which is better one credit card with a high balance or 5 low balance cards?
Better for what? If for your credit rating, it depends on a few factors. Credit cards and other loans are called trade lines in the industry. If you have no other open trade lines, 5 cards might be better, but ultimately it depends on usage and total issued credit. Without this information, I am going to assume you have few other cards and provide a best guess. Go with the 5 cards.
Are you better off having no credit cards or having multiple credit cards with no balance?
Its best to have only a few credit cards to no credit cards. Say you have 4 credit cards with a 500 limit on each and a zero balance, There is the potential for you to charge 2000.00 whenever you want. When you have so much available credit, Lenders are scared to loan to you, Therefore hurting your credit. Best bet: If you dnt use 'em, Lose 'em.
What percent will your income increase if you accept credit cards?
Credit cards cannot increase your income.
What types of cards are offered by Chase?
Chase offers cash back credit cards, rewards credit cards, travel credit cards and Special Balance Transfer Offer Intro APR on Purchases and Balance
What are some credit cards that offer free balance transfers?
There are many credit cards that offer free balance transfers. Credit cards such as the 'Discover it Card' and 'Citi Diamond Preferred card' offer free balance transfers.
How can you compare balance transfer credit cards?
You can compare balance transfer credit cards easily and directly on the CreditCards website. The CreditCards website offers a detailed comparison of balance transfer credit cards. The CreditCards website compares balance transfer credit cards such as the Citi Simplicity card, the Citi Diamond Preferred card, the Discover It card, and many more.
Which credit cards have a 0% balance transfer?
Bankrate.com has a good website that shows you best interest rates and best credit cards. Go to the site, then go to credit cards. Then click on best for balance transfers.
Why it is wise to pay the full balance on credit card?
It is wise to pay the full balance on credit card because you will not entail finance charges and other fees. If you pay only the minimum, your next balance will increase due to the finance charges and fees. At the same time, it can build your credit score. I always pay the full balance on my credit cards.
Do Capital One credit cards make you pay a monthly fee?
Yes Credit cards have an interest charge that applies to your monthly balance as well as a monthly fee for having a card . Credit cards are vwery expensive . You are better off only using cash .
What credit cards offer low interest balance transfers?
The credit cards that offer low interest balance transfers are from Bank of America, Wells Fargo, Chase. There are many credit cards that offer 0% interest.
What are the best zero interest on balance transfers credit cards available on the market?
There are several zero interest on balance transfer credit cards available on the market. The best credit cards include Barclaycard, NatWest, and Virgin Money.
