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Beyond assigning IINs more judiciously, credit rating systems could drop the concept of "more accounts = better credit". It would discourage people from opening
by JMTQp8lwXL 6y ago
Beyond assigning IINs more judiciously, credit rating systems could drop the concept of "more accounts = better credit". It would discourage people from opening 7 credit cards to raise scores, when 1 or 2 would do.
- x87678r 6y agoI have 4 unused cards I keep open just for this, seems a complete waste for every body.
- JMTQp8lwXL 6y agoMake sure to use them every once in awhile, otherwise the issuer may close them.
- smegger001 6y agoI have mine with automatic payments on setup on them and a couple reoccuring bills on each so there is consistent activity and is paid in full before the end of the billing period for just this reason.
- roobs 6y agoCredit scores are not a thing in Japan. Unless you already have a significant amount of debt, a shaky payment history or other risky factory they will give you the card.
- fomine3 6y agoHere in Japan there's no "more accounts = better credit" mantra (but zero card is bad for credit if you're not young). Oppositely "more account = reduces credit limit for new card" is mantra for credit card mania people.