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Zero Rate Credit CardsPosted on January 20, 2010. Is my credit score affected by the frequent closure of credit cards to take advantage of introductory zero%? Zero% introductory rates are temporary, I can move and purchase during this period and when interest rates start I can open another credit card with a 0% rate and closing rate of interest, if I do it once a year, it will affect my credit score? the idea of a credit card 0% is a very nice idea! the facts of the case is doing, you make a number of positive things for you ..... no interest! Purk great! down .... every time you pulled your report lowers your score ... not to mention the name he made for you to credit card companies! these companies will see the hip to your game and you see as a loss! or ...... unprofitable and what it means is the first time you slip they'll slap you with all the fees they can! Plus, you'll be a serious risk for identity theft! and to top it all, you get more mail than Santa Claus himself! your best bet is to find a good card with a reasonable APR. and build a good relationship, you find a bank to work with you more when are with then some time! Remember prime is currently around 8.25% aanything which is a good rate! Good luck! See www.myfico.com for an explanation of credit rating Well, what you want to ensure is that you actually pay your balance. If you're turning (as they refer to it) too often can be an indication of poor management and too many stops turning when the one-stop shop. CommentsThere are no comments.Leave a Comment |