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I'm looking at picking up a new card for signup bonuses. I already have a discover, chase, citi, and amex card so I've covered most of the big names. I thought I heard that one of the large companies back-dates new cards to be the same as your oldest line of credit with them so a new card wouldn't affect credit age - is this true? Also, how big of a hit is a new line of credit going to be? I'm 25 with a 766 score and creditkarma gives my credit age as: Average Account Age 5Yrs7Mos Oldest Open Account 7 Yrs 5 Mos Newest Open Account 3 Yrs 8 Mos
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Nov 8, 2014 04:28
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| # ¿ Apr 29, 2024 06:02 |
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If I open a card, use it for the sign-up bonus, then close it out (because gently caress fees), after a few months there won't be any net impact on my credit, right? The average age, utilization, etc will all be where they were because the card is closed?
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Jan 11, 2015 22:43
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Twice in the last few months I had credit limits raised on two different cards without me requesting it. I'm talking about a $6k raise on one and $4k on another. As far as I can tell, there's no downside to this, right? They're just trying to entice me to spend more and actually helping my utilization % go down, yeah?
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Dec 15, 2015 03:55
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Bisty Q. posted:Yeah.  Well thanks for the freebie, credit card companies!
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Dec 15, 2015 05:19
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