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Credit Card questions

F

FFactory0x

Diamond Member
Ive never used credit cards and have always payed cash or used Mac card so i have no bills, but i see alot ofthese deals for free gift cards, etc.
If i sign up and get these promo's, can i just cancel my card or does that look bad on credit?
If i sign up can i just not use the card or what? Can someone explain
 
not to snub you by any means, but I have found the Finance forum at Fatwallet.com to be very helpful on credit issues. good luck!
 
I would keep the card, even if you don't use it. Available credit is a good thing to have, both for emergencies and for your credit score.
 
well, someone did point you to the finance forums at fatwallet... 😉 But yes, it hurts your credit to apply for a whole bunch of cards. If you don't get them cancelled properly, it could also look as if the creditors are closing out your accounts.

and you really should start using at least one ore two cards.. keep them paid off, but have it to start building credit.
 
just keep the credit line open, there is no need to close it. they need to give me at least $100 worth of incentive to open a card now. 🙂
 
Originally posted by: DaWhim
just keep the credit line open, there is no need to close it. they need to give me at least $100 worth of incentive to open a card now. 🙂
Click to expand...


Thats what im saying, i mean does it look bad to open cards for the incetives and just not use them?? I mean have ine main one you use ands just have the others you got for the incentives. If i dont use them, it wont hurt me correct
 
Originally posted by: FFactory0x
Originally posted by: DaWhim
just keep the credit line open, there is no need to close it. they need to give me at least $100 worth of incentive to open a card now. 🙂
Click to expand...


Thats what im saying, i mean does it look bad to open cards for the incetives and just not use them?? I mean have ine main one you use ands just have the others you got for the incentives. If i dont use them, it wont hurt me correct
Click to expand...

If you got an incentive, it doesn't show up on your credit report.
 
in Malaysia probably the other way around
unless u have the luxury to pay for high annual fees for a good card
 
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