Sentences with phrase «to keep the account open»

To qualify, you will most likely have to set up direct deposit with the bank, and you'll probably have to keep the account open for at least a few months.

But it also doesn't help your scores as much as keeping the account open and active (that is, paying the loan down on schedule).

It may be worth keeping the account open with just enough credit to stop it being shut down.

You can certainly improve your credit rating with a variety of credit options or by keeping accounts open even when you're not using them to improve your credit utilization ratio.

Keep your accounts open even if you rarely use them.

It is not enough to just keep the account open.

Although there is no opportunity to upgrade to an unsecured account, the absence of an annual fee will enable you to keep this account open after your qualify for an unsecured card.

Still, it may be worth keeping an account open at a bank or credit union with physical locations nearby.

That easily offsets any advantages of keeping an account open if your rewards are not too great.

Unless it has a big annual fee, always keep your accounts open as long as possible.

Unlike many airline and hotel programs, account activity is not required to keep the points active; simply keeping the account open is sufficient.

This means that you want to keep your accounts open so that you can demonstrate to lenders that you're capable of using credit responsibly for an extended period of time.

Therefore, keeping your accounts open demonstrates you can maintain a good length of credit history.

This will not only earn you a royalty, but a bonus bounty if that person keeps their account open for a certain time.

This allows keeping your account open as long as you need to add more points to your score.

Keeping accounts open doesn't do any harm, unless you're paying a steep annual fee.

Consider keeping accounts open if they have a good payment history and a low or zero balance.

And how long do you have to keep the account open before the points post?

This allows you to keep your account open for credit score purposes, while avoiding an annual fee.

But it also doesn't help your scores as much as keeping the account open and active (that is, paying the loan down on schedule).

Raise your credit score by keeping your accounts open.

As with age of credit, you'll want to try and keep your accounts open even if you have no plans of using them, as it helps boost your credit score.

When the premium options aren't worth the price of keeping your account open, it may be time to rethink your credit options.

And because the age of your accounts affects your credit score, just keeping accounts open will help you build credit in the long run.

For this reason, I have no choice but to keep an account open at another major bank that DOES charge fees (although I've gotten around it thankfully).

Just wanted to share that if you open a Chase Free Checking account (which requires at least one monthly direct deposit or 6 debit card purchases per month to keep account open without monthly fees), your 3 essential (Chase Freedom) categories gets bumped up to FIVE.

If the old card was paid off entirely with the balance transfer, there's no harm in keeping the account open to establish a longer average account history, which helps your FICO score.

Reasons to keep the account open Speaking of credit scores, if you close your account once it is paid off by a balance transfer your score will likely go down — at least temporarily.

Though it seems somewhat counterintuitive, you should keep your accounts open for as long as possible.

I don't know if there's a limit to how long Amazon will keep an account open with no purchases (and I suspect the same goes for other vendors).

Improve your credit by keeping the account open and lowering your credit card utilization rate, which is how much you charge / owe (outstanding balances) vs. your total available credit limit.

If you're worried about how a closure might impact your score, you can always keep your account open and stash your card away for safe keeping, or even cut it into smithereens to ensure you don't use it (and that no one else does, either).

On top of this bonus intro deal, cardholders can earn 6,000 additional points every year for simply keeping the account open.

I was just telling my friend today that if she doesn't want to be tempted to use her no annual fee card anymore, she can cut it in half or stick it in a cup of water in the freezer, but keep the account open so she can keep her average length of history higher.

If the old card was paid off entirely with the balance transfer, there's no harm in keeping the account open to establish a longer average account history, which helps your FICO score.

Keep accounts open even if you're not using them to help establish a longer credit history.

My experience with Simplii over the years is once a promo is over that's it for me, they don't try to keep my money there, so I just keep the account open and sooner or later, sometimes after years, they come out with a new promo.

To protect yourself from overdraft fees and bounced payments, you want to keep both accounts open at the same time for at least a month, with enough money in each to cover any payments that come in.

He is keeping his account open for now because his business has its own page and he moderates Facebook groups dedicated to computers.

This is good news because all you have to do to achieve this is keep your accounts open.

Maintenance Fee - Standard brokerage accounts do not charge any maintenance fees to keep the account open.

That way, you can keep your accounts open and contribute to this portion of your credit score.

Keep accounts open and active if possible; that will help your length of payment history and credit utilization.

Keep the accounts open and active.

That's not all for bonuses, there are a few other ways you can earn cash rewards the longer you keep your account open.

The age of credit card accounts is also factored into your credit score, so it's best to keep accounts open for a long time (as long as you aren't paying annual fees).