4 Responses to “Credit Cards”

1. yuppymoney Says:
   
   March 26th, 2009 at 9:22 am

   It is better to …
   It is better to keep them active and open – Your credit score is positively effected by long term credit, so even if you put a $5 lunch on one credit card every few months and pay it off, it will benefit you.

   
   
2. LAdude83 Says:
   
   March 26th, 2009 at 9:22 am

   Great video series. …
   Great video series. I have a question for you: I currently have 4 credit cards. 2 of the cards are maxed out ($14,000 @ prime +3.9, $8,000 @ 2.9% fixed).

   The other two cards are paid off (actually , I transferred the balances to the 2.9% fixed card). Their cred. limits and Int. rates are $5,000 @ 15% and $4,500 @ 10%, respectively.

   You mention having only 3 cards open at a time. Would it help my FICO score to close one of the two open cards? If so, which one?

   Thanks in advance!

   
   
3. yuppymoney Says:
   
   March 26th, 2009 at 9:22 am

   I have three credit …
   I have three credit cards and they all have benefits – Airline miles, free tech gear, etc. – ALWAYS make sure your credit card has benefits before signing up.

   
   
4. halocrime Says:
   
   March 26th, 2009 at 9:22 am

   I’m curious: what …
   I’m curious: what credit cards do you have?

   
   

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