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In your early days, yes, you can take a hit from churning, but after a year or so your credit should stabilize (assuming you never miss a payment). I've been c
by saryant 11y ago
In your early days, yes, you can take a hit from churning, but after a year or so your credit should stabilize (assuming you never miss a payment). I've been churning for a few years and my FICO is around 780.
- swang 11y agoAnd do you just never close the cards either?
- saryant 11y agoSome cards I close. If there's an annual fee, I weigh the benefits each year. If the benefits don't justify the fee, I try to get the fee waived. Failing that, I cancel. OTOH cards with no fee get tossed in a drawer. I have 5 no-fee Citi Hilton cards just sitting in my file cabinet.