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too many credit cards?
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adammaher
Posts: 3 Newbie
in Credit cards
Does having a number of credit cards, (even with no balance to pay) affect future deciscions and avaliable balances.
I need to know as I am about to become a card tart.
I need to know as I am about to become a card tart.
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Comments
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I have 15 in total....0
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Does having a number of credit cards, (even with no balance to pay) affect future [credit] decisions .... ?
Not necessarily. It depends on the size of your income, in relation to the number of cards you hold.
If you have kept within the terms & conditions, your credit card history is an advantage when it comes to obtaining further credit.... and available balances?
Yes. Even when the balance is zero, this will be viewed as available credit and may affect the credit limit you're offered.People who don't know their rights, don't actually have those rights.0 -
johnmoney05 wrote: »I have 15 in total....
:j Wow, you have a card for every payment!"Do not spoil what you have by desiring what you have not; but remember that what you now have was once among the things you only hoped for."
- Epicurus (341 BC - 270 BC)0 -
Have a read of this thread http://forums.moneysavingexpert.com/showthread.html?t=1396990
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