A prepaid credit card is best for those who believe they might not be able to pay the balance.
A low annual percentage rate
No fees for cash advances
no fees for cash advances
Cash Advance is the option, but charges/interest may be more expensive that directly using the credit card to directly purchase the item.
There are few points that help someone to make investors think of giving mortgage to the person with bad credit, if one is: Always pay minimum balance on time. Try to reduce balances. Don't run up the entire balance. Throw away new credit card offers. Fix credit mistakes.
A low annual percentage rate
No fees for cash advances
no fees for cash advances
Cash Advance is the option, but charges/interest may be more expensive that directly using the credit card to directly purchase the item.
Cable One might have the most customers but nobody really knows for sure. They just think that some people might have. It is an estimate and only an estimate.
There are few points that help someone to make investors think of giving mortgage to the person with bad credit, if one is: Always pay minimum balance on time. Try to reduce balances. Don't run up the entire balance. Throw away new credit card offers. Fix credit mistakes.
So you can clam the card. If you don't, people will start to think that you are a thief; saying you steal it, and that's not what you want.
Me personally I don't think if the card is closed then No u can't so good luck bye
i don't think so....there might be though.:)
Everything you do related to credit cards will affect your credit. My advice would be to leave the credit card account open and here's why; While just cancelling your credit card (with no balance) shouldn't hurt your credit, here are a couple things to think about; 1) your credit history makes up 15% of your credit score. No history means no points. 2) your payment history is makes up 35% of your credit score. I know you said you don't have a balance, but an occasional purchase and on-time payment will help your credit. The only thing that could hurt you if have too much available credit. If the card has a $50,000 limit, this could work against your. But I doubt it, seeing this is your first card.
I just saw the very tail end of a tv news report that said something about credit card companies were willing to accept 37 percent of the balance if you paid the balance in full without any negative reporting on your credit report. I think it might have something to do with a new plan to get people help to pay off or the government might have been trying to implement something. I cant remember what station, but it was a national news program and it was not an advertisement. I cant find anything about it on the internet. Have you heard anything about this? Thanks J.T.
This is actually a great question with a strange answer. Its actually a catch 22 if you think about it. Most credit analysts agree that having a balance to limit ratio of 30% is the "golden" number as far as improving your score. yours at a 14% ratio and adding a higher balance will most likely improve your score and paying off your balance might marginally decrease your score. However we all know that its not a good idea to get yourself into debt. So to answer your question i'd say No it will not increase your score. Adding a higher balance(30% credit to limit) usually will raise your score however I wouldn't recommend charging a higher balance on your card either. I'm sure this didn't help, but hopefully it educated you a little bit on credit scores.