or
Join Now!
|
|
Home/Business & Economy/Credit
|
| Forum |
Ask A Question |
Question Board |
FAQs |
Search |
Return to Question Board
| Question Details |
Asked By |
Asked On |
| How to better maintain my high credit rating |
ysfvhrzd |
06/18/05 |
I have a very good credit rating. I have been using two credit cards for many years, but now I'm getting a new card. My two current credit cards are: Discover, which I've had since 1986; and MBNA M/C, which I've had since 1997. With my new card I'll have no more need for the MBNA card.
I understand that it's to my advantage to keep my old cards active, as they show a long positive credit history. On the other hand, I understand that for me to have more than two credit cards goes against me.
My questions are:
1. Should I keep all three cards, or terminate my MBNA card?
2. If I should keep all three cards, how long should I keep them before terminating my MBNA card?
3. How often do I have to use the MBNA card for it to be considered still active? |
Clarification/Follow-up by ysfvhrzd on 07/14/05 4:09 am:
Thanks very much, kkemper. I trust you have solid inside information on which you base this advice. I need to ask: Is the quarter you stipulate a calendar quarter (Jan. through March, April through June, etc.), or is it only necessary to use the card once before three months have elapsed from the last use?
|
| |
|
Your Options |
Additional Options are only visible when you login! !
|
|
|
|
