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Should you use all credit cards occasionally to keep credit in good standing?
Wiki User
∙ 13y ago
If one's credit is already in good standing, using the credit card will not help. First, one may reduce their credit score depending on how much they spend. Second, the issuer may believe that fraud is at work since the card may not have been used in a while.
The main reason to use your credit cards occasionally is to keep the account open and avoid non-use fees. Some companies will close an account if the account is not used in some period of time. Also, they may charge a dormancy fee if the card is not used.
Wiki User
∙ 13y ago
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Can you get hired by bank that you have credit cards with?
Yes - as long as your credit cards are in good standing.
Can a credit seize other credit cards?
can a credit card that has won judgment against you seize other credit cards that are in good standing
Why most Americans should not have credit cards?
Why most Americans should not have credit cards.
How many credit cards should you have to build credit?
Number of credit cards do not matter, what matters is your payments. As long as you pay in full every month and don't go over 30% on your credit cards you should see maximum results..
Will paying off your credit cards raise your credit score?
things that raise your credit score are , having major cards open more than 3 years, and showing good standing with that creditor. you dont have to use a credit card to show good standing. yes paying off high dept will raise your score. and having too much on your cards even if you pay on time will lower it.
How do credit cards build credit?
Credit cards aid to build credit history in the same manner that any debt, whether it is from purchasing a car or by just paying rent. Be responsible with credit cards. You should not overspend.
Where is it possible to find credit cards with the lowest rates?
Most major banks and financial institutions offer low rate credit cards. Occasionally you may find a limited time offer for zero interest on new credit card activations.
Where can I get instant credit cards for bad credit?
It may be possible to get a credit card with bad credit, but the terms will be unfavorable. You should work at rehabilitating your credit rating before applying for credit cards.
How can i find out if deceased father had credit cards?
Get a credit report on him. Try https://www.annualcreditreport.com/ or www.equifax.com/ and a list of his credit cards should pop up.
The late fee penalties on credit cards are too high and should be lowered.?
The late fee penalties on credit cards are too high and should be lowered.
If you have two credit cards in good standing with only four months of credit report are there any lenders that accept limited history?
Yes, many do.
Should you make payments on some credit cards if you cannot on all cards?
yes.
