If i transfer my cc balance on a credit card with 0% interest does it close that account? Should I?
October 20, 2008 - If you transfer it to another card with zero interest, it may make sense. Or, if your 0% rate is about to expire, it may make sense. No, it will not close the account, and I don't ...
If you transfer it to another card with zero interest, it may make sense. Or, if your 0% rate is about to expire, it may make sense. No, it will not close the account, and I don't want you to close it either! ... ... Whenever you close a revolving credit account you run the risk of shortening your credit history and your scores will go down! ... ... More tips and tricks here ... ... ... http://MechanixOfCredit.info/
boots is right.... having a 0 balance does not close the account, so either close the account or call them and have the credit limit lowered to just the amount you think you might need in an emergency... say 500 to 1000 $... then put the card away somewhere and keep it just for emergencies....
- It will not automatically close the account - you will have a 0 balance but you must notify the cc company to close the account....yes, I think it's a good idea since you are "paying it off" to close it. You might be tempted to use it if you don't close it - too many open accounts will negatively affect your credit rating.
Knowledge Base: Credit Cards Types
What credit cards are made so that you are instantly approved or denied?
October 3, 2008 - Category: Credit Cards Types
i preferably need a studen credit card to build up my credit - seeing as how i do not have any line of credit. i just need to know which credit cards / student credit cards instantly approve / deny you or at least you find out some sort of
credit cards that instantly approved... »
Credit cards??
October 3, 2008 - Category: Credit Cards Types
i have never wanted or needed to apply for a credit card in my life. however my fiance and i are planning to buy a flat in the next 6 - 12 months and realise that i am going to need to improove my credit apparently never owing money is
Credit cards »
How many credit cards should I have open for a good credit score?
October 3, 2008 - Category: Credit Cards Types
i have 4 credit cards limits are 1000, 3300, and two 500s and was considering getting rid of one 500 credit card. should i pay the whole thing off and keep it or get rid of it? . at least 14 credit cards. cut up the card, but keep the
credit cards open good credit... »
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