This way, when the two closed
cards drop off your credit report, your score won't be affected by that loss of credit history.
Not exact matches
Here's a brief refresher of the Chase 5/24 rule: If you have been approved for or been listed as an authorized user on five
credit cards (personal or business) in the 24 months, you will need to wait for your oldest
card application inquiry to
drop off your
credit report.
Citibank is
reporting a
drop in consumer
credit card charge -
offs for November.
You either have to apply for another of their
cards (read... hard pull on your
credit = score
drop) and close the secured
card (additional hit to your
credit score) or keep the
card, and continue to pay $ 29 a year for as long as you have the
card (in addition to the interest they continue to make
off your deposit) Say what you want about Wells Fargo, at least my
card was migrated to an unsecured
card after six months of RESPONSIBLE use (keep
reported balances below 10 % people)
CreditCards.com Weekly Rate
Report, July 20, 2011: Business card drop sends credit card APRs off record highs — Business card interest rates took a dip this week, sending overall credit card APRs down from record highs, according to the CreditCards.com Weekly Rate Report... (See Rate r
Report, July 20, 2011: Business
card drop sends
credit card APRs
off record highs — Business
card interest rates took a dip this week, sending overall
credit card APRs down from record highs, according to the CreditCards.com Weekly Rate
Report... (See Rate r
Report... (See Rate
reportreport)
If this is your case, the only course of action you can take is waiting for the oldest
credit card inquiry to
drop off your
credit report.
Here's a brief refresher of the Chase 5/24 rule: If you have been approved for or been listed as an authorized user on five
credit cards (personal or business) in the 24 months, you will need to wait for your oldest
card application inquiry to
drop off your
credit report.
CreditCards.com Weekly Rate
Report, July 20, 2011: Business
card drop sends
credit card APRs
off record highs