Naa Daggara Credit Cards Ekkuvaipotannayi

[vizag]

[quote name='justFme' timestamp='1352905384' post='1302794511']
macys
target
tjmax
etc etc


salahalu kavali
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Don't close your credit card accounts!

Your credit score also depends on - Credit card utilization; Average age of open credit cards along with other stuff as well.

If you close some of your credit card accounts, your open credit card utilization as well as average age of open credit cards come down which will affect your credit score. So if you are not paying any monthly / annual fee towards those credit cards keep them with you.

Also keep in mind that opening these many store credit cards is not good for your credit score.

Also, it is good if your open credit card utilization is around 10% of your credit card value

[justFme]

thanks a lot baa.. very informative post

[quote name='vizag' timestamp='1352908826' post='1302794822']


Don't close your credit card accounts!

Your credit score also depends on - Credit card utilization; Average age of open credit cards along with other stuff as well.

If you close some of your credit card accounts, your open credit card utilization as well as average age of open credit cards come down which will affect your credit score. So if you are not paying any monthly / annual fee towards those credit cards keep them with you.

Also keep in mind that opening these many store credit cards is not good for your credit score.

Also, it is good if your open credit card utilization is around 10% of your credit card value
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