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Not only this, but getting a credit card and not using it can cause an issue for your credit, so it's better to setup direct debits and other forms of credit th
by scaryclam 5y ago
Not only this, but getting a credit card and not using it can cause an issue for your credit, so it's better to setup direct debits and other forms of credit than it is to get a card you never use.
- BenjiWiebe 5y agoCitation needed. In the US anyways, a low utilization rate is actually a (minor) good thing for your score.
- scaryclam 5y agoConsidering the article is about the UK, I'm not sure how relevent US utilisation is in relation to it. That aside, I didn't say low utilisation, I said no utilisation. This has a good chance of your card being cancelled by the card issuer, which has a negative effect on your credit. Bottom line is, unless you plan to use the card, there are better methods of increasing your credit score, so it's not a good idea to get one.