The new credit card and inquiry probably will not lower your score. Hopefully, you will get a limit in excess of $1,000.
Keep your Capital One balance below $200 for best results.
You don’t seem to have any credit issues at present. Good luck! References : Financial Planner and more. See profile.
November 28th, 2009 | 10:31 am
$so fresh so clean$:
I don’t think it will. Your credit score is based on just that, credit, now how many cards you have (by the way, nice credit score.) You won’t have much problem taking out loans if you need to. lol You may have to check the minimum (if there is one) to make sure you really want that card. Some you have to pay the minimum just to have it, regardless if you use it or not. I would suggest leaving it be. Not to say another card may affect you in the future, but you may not want another "debt" hanging over you. There’s a reason they give discounts to "loyal" customers, to get them to do exactly what you are thinking about doing. Good luck.
Oh, by the way, you may want to check out Amtrust Direct. They offer a little higher interest than ING. Theirs is 3.25%. I wish the feds would stop cutting interest rates. That really hurts savings vehicles. References :
November 28th, 2009 | 10:48 am
David H:
If it were me, I’d open the USAA card if it saves you money year after year on the insurance AND if you know you won’t rack up debt on it.
I think the effect on your credit score will be negligible, if anything at all. They may not even have to pull your credit if you already do business with them or they have already done it recently anyway.
If you want to keep it to just two credit cards (which is understandable) I would also cancel the most recent one you have opened and keep the one you’ve had longer regardless of the balance (unless there is a huge interest rate difference). References : Just my advice
The new credit card and inquiry probably will not lower your score. Hopefully, you will get a limit in excess of $1,000.
Keep your Capital One balance below $200 for best results.
You don’t seem to have any credit issues at present. Good luck!
References :
Financial Planner and more. See profile.
I don’t think it will. Your credit score is based on just that, credit, now how many cards you have (by the way, nice credit score.) You won’t have much problem taking out loans if you need to. lol You may have to check the minimum (if there is one) to make sure you really want that card. Some you have to pay the minimum just to have it, regardless if you use it or not. I would suggest leaving it be. Not to say another card may affect you in the future, but you may not want another "debt" hanging over you. There’s a reason they give discounts to "loyal" customers, to get them to do exactly what you are thinking about doing. Good luck.
Oh, by the way, you may want to check out Amtrust Direct. They offer a little higher interest than ING. Theirs is 3.25%. I wish the feds would stop cutting interest rates. That really hurts savings vehicles.
References :
If it were me, I’d open the USAA card if it saves you money year after year on the insurance AND if you know you won’t rack up debt on it.
I think the effect on your credit score will be negligible, if anything at all. They may not even have to pull your credit if you already do business with them or they have already done it recently anyway.
If you want to keep it to just two credit cards (which is understandable) I would also cancel the most recent one you have opened and keep the one you’ve had longer regardless of the balance (unless there is a huge interest rate difference).
References :
Just my advice