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No, you actually want to get as much credit as you can, and never use it. Available but unused credit helps your credit score.
by jjav 2y ago
No, you actually want to get as much credit as you can, and never use it.
Available but unused credit helps your credit score.
- IAmBroom 2y agoAlso, there's an addition benefit for high-credit-score credit card users: they get occasional offers for "0% interest" (with typically 3-5% upfront fees, which are in fact a fixed interest) loans, which become ordinary credit card loans (~20% interest) after 12-18 months. Even though it isn't actually 0% interest, even 5% is an amazing credit interest rate.