Sentences with phrase «keep the card open year»

It is easy to keep the card open year after year and increase the average history of your accounts, which improves your credit score, without paying anything.

Keith: Thanks, Daraius!When you call a bank to cancel a credit card, they'll sometimes offer bonus points or a statement credit as an incentive to keep the card open another year.

Not exact matches

I would keep the card open and make sure you are spending enough money per year to make the rewards worth the annual fee.

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.

If your card carries an annual fee, it is important to decide each year if you are getting enough value for the fee to keep the card open.

If you go this route, try to keep one credit line that you've had for a few years (like a store credit card) open... this will make things easier later on.

It's usually best to keep a card open for about a year or more.

I am not opening any cards but that lease restart every three years keeps bringing the avg down.

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.

I would keep the card open and make sure you are spending enough money per year to make the rewards worth the annual fee.

For example, they may want you to continue using the card (or may ask you to keep the account open), and in return, they may promise to waive the annual fee for one more year.

A rule of thumb is to keep no more than four credit cards open at any one time, and cancel any credit card that you haven't used in over a year.

A study last year from the Federal Reserve Bank of Philadelphia found that those who kept a secured credit card open for two years saw their credit score increase by 24 points.

One of the big mistakes that people make is that they keep open their cards for, let's say, two years.

You'll want to keep your eyes open for new Hilton card offers this year, but for now, direct your attention to a new Hilton business card offer fresh off the presses from our partner American Express.

I have 3 credit cards I use, two with no balance, one I opened last year with a low balance (they actually increased my limit a few months ago) and keep getting pre-approved offers from Discover.

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?

After applying for over fifteen credit cards a year for four years, my credit score improved (and I've only kept a handful open).

We would recommend Brenda opt for the AmEx given its waived first year annual fee in order to minimize the cost of the trip, but Frontier's card offers tremendous value for its $ 69 annual fee in this case, should she prefer to keep open the AmEx as a possibility to help fund future adventures.

The annual fee is simply a fee paid once per year just to keep the card open — whether you've been using the card or not.

Sometimes if you just threaten to close, the card will keep it open for another year without an annual fee, which is a great bonus but sometimes if they don't offer anything, I just close the card.

If you are worried about Chase's 5/24 Rule and are trying to keep under that number so you can get their Ink or Southwest... cards, the good news is the business version of this card will not count against the 5/24 because most business cards don't show up on your personal credit report (which is what Chase looks at to determine the number of accounts you've opened in the last 2 years).

I keep a spreadsheet with all credit cards I open, including the date that they are open, the minimum spend amount required, the last date the spend is due, the day the airline miles bank in my account, and when the annual membership fee is charged (most reward credit cards will charge a yearly fee, but waive it for the first year.

The Starwood card offers an incentive for sticking around and paying the annual fee: a Starwood credit for two stays and five nights toward elite status, upon opening the account and each year you keep it open.

If ur only using for airline miles is Starwood's card basically not worth keeping open for a second year and paying annual fee?

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.

However, if you target a sign - up bonus to reach a travel goal, and show yourself to be a responsible and creditworthy customer by using the card (even for small purchases), paying all your bills on time, and keeping the card open for at least a year, it's not bad for your credit.

MBNA / Bank of America University of Pittsburgh No Annual Fee Card: Keep since I've had the account open for almost 10 years.

That's part of the reason I keep both the personal and business versions of the Starwood Preferred Guest Amex in my wallet since each of them gets me 2 stays or 5 nights closer to requalifying for elite status each year, and if you've been considering them, from now until September 3, 2013, the sign - up bonus has been raised to 30,000 points when you spend $ 5,000 within 6 months of account opening — which is 20 % higher than the usual bonus on this card.

Depending on whether or not the benefits outweigh the annual fee, I keep them open (I.e. my US Airways card gives me free checked bags for me + up to 3 fellow travelers on domestic flights which if I use on one family trip a year surpasses the $ 95 annual fee!).

I like to keep all new cards open for a full year.

20,000 MR plus the 200 $ airline fee credit gave me enough incentive to keep the Platinum Card open for one more year