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It could be huge. BUT, if you have a $0 balance............which you won't matter. It's all about percentages. A credit card w/ a $1000 limit w/ $300 on OK (keep all cards below 30%). A credit card w/ a $500 limit and $300 on it is BAD (60% of the credit is USED). The key here is to "HAVE" CREDIT........NOT "USED" CREDIT. It's all about percentages. Credit is only credit......if it's available.

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โˆ™ 2007-07-27 15:27:38
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Q: When credit cards companies reduce your credit limit how does that affect your credit score?
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Does a business credit card affect credit score?

All loans and credit cards have an affect on your credit score. Failure to use your credit cards responsibly will reduce your credit score and increase your interest costs.

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