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Credit cards - more means bad rating?
Dalglish
Posts: 194 Forumite
in Credit cards
I'm arguing with my wife and her sister over credit ratings. I feel taking out a further credit card with cash back without cancelling our current credit card will adversely affect our credit rating. We have an Mbna visa and Amex platinum. My wife and sister feel otherwise and that not cancelling a card but using it occasionally is the best thing to do.
Who is correct? Thank you
Who is correct? Thank you
0
Comments
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How long is a piece of string?
The main factors here are total credit available and total credit used in terms of the annual income.
MSE article: Old Credit Cards0
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