Asked in Credit and Debit CardsCredit ReportsImproving Your Credit Rating
New card with 4000.00 help your score?
January 21, 2008 12:17AM
It depends; there's something called 'balance to available credit', its one of the factors taken into account when calculating your credit rating. If you don't use most of that 4000, it increases your Balance:available credit, thus increasing your credit rating by a few points.