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Credit card closed due to inactivity

Credit card closed due to inactivity

Credit Cards | July 3, 2010 at 3:04 pm | 27 comments

Q: I have 8 credit cards and have decided to pay them in full to keep them all with zero balances. Want to boost my credit score. I am currently at 652 with TransUnion. I am going with cash only. Do you think, some credit cards can be closed due to inactivity? A: Depends on a bank a given credit card is from, your overall credit picture and who knows what else. I normally rest my...

How will credit card balance transfers affect my credit score and rating?

How will credit card balance transfers affect my credit score and rating?

Credit Score | September 19, 2008 at 4:01 pm | 37 comments

Transferring balance from a high interest credit card to a new lower interest card can definitely save you money on interest, if nothing else at least until the introductory rate ends (if applicable). We all receive those infamous credit card offers in the mail, urging us to apply for a new card and transfer our high interest balance over, in order to take advantage of the lower...

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