Sentences with phrase «then keep the card open»

Then keep the card open to establish a longer credit history with it.

Then keep the card open to establish a longer credit history with it.

Not exact matches

However if you don't want to throw the children card into the mix straight away, or your job, or any other details, then keeping it out of your profile and revealing it during your opening messages can be a good alternative.

Try to open up a few credit cards early in your credit history, and then keep them for a while without opening new accounts after a couple of years.

MC, from what I understand, if you never carry a balance (and there are not annual fees on the cards), then it's best to keep both lines open.

Keeping open a lot of unused credit card accounts is probably a poor idea, but understand closing an account will reduce the total credit available to you by the credit limit on that account, which would then raise your credit utilization, reducing your credit score.

Note that a closed account in good standing remains in your credit history for 10 years, so you'll benefit from your track record; however, keeping no - fee credit cards open (and using them now and then) is smart to help your utilization ratio stay low.

If this is not the case, then that is my point, in order to get the miles again, you will have to close and wait 24 months, which is why I kept my barclays open... (In all honesty though, I canceled my Citi card before they came up with this language, and when Barclays didn't have any new offers.)

Therefore, if you think that keeping the credit card open will cost you more in fees compared to what you'll earn in cashback, then close it down.

And then once you start to pay off cards, you should keep your oldest credit cards open to help bolster your credit report and credit score.

Open this line of credit and get a low interest rate for six months, then bam — suddenly you've collected more credit cards than you can keep up with.

If I keep the card open till the free night posts then I have already incurred the yearly fee correct?

If you then in the future get another card you can merge the two into a bigger line, for better spending, or keep both cards open, or close one to open a new one.

At the same time, are there negative consequences to opening too many cards, as in two a year and then canceling one or both or keeping them with no activity?

Like I would keep my 2 cards open for 24 months and then close them for 2 years while my husband applied and did the same thing for 24 months.

Or you could also apply for a new credit card from the same issuer then merge the two lines of credit onto your new card before canceling the old one in order to keep that line of credit open and active so it has less of an impact on your credit score.

If the free night doesn't post before the changeover then I'd assume you would have to keep the card open (but that's just an assumption).

Then, airline credit card users should keep checking back as the flight's departure nears to see if a regular seat opens up, as airline release award seats from inventory closer to the flight's departure.