[e92_boost]

Originally Posted by Benedict1957

+1 nothing he said makes sense.

Lmao how are you guys going to tell me what I have and don't have, you guys don't make sense.

He has his own that he uses for other things. He uses mine so my credit could be better than what it is (749) I have them because I apply for them knowing that I can pay it back or my father could pay them back when he uses them.
I benefit from all of them I.e. The speedway one that I have I get double points and have over 200 dollar free gift cards that I can use from the points.

[HoustonRider]

I have a few cards with zero balance that I never use, it keeps your "available credit" open.

So if I have CCs with a combined limit (max) of $230,000 and have a combined balance (across all cards) of $2300, then I have only used 1% of my available credit or have 99% available.

Doesn't mean I need it, but it keeps your score healthy if you need credit for anything else (loan).

Personally I would keep the jewelry card open and just not use it. It increases your available credit (as viewed by lenders in the future).

[CANGRKE70]

Originally Posted by HoustonRider

I have a few cards with zero balance that I never use, it keeps your "available credit" open.

So if I have CCs with a combined limit (max) of $230,000 and have a combined balance (across all cards) of $2300, then I have only used 1% of my available credit or have 99% available.

Doesn't mean I need it, but it keeps your score healthy if you need credit for anything else (loan).

Personally I would keep the jewelry card open and just not use it. It increases your available credit (as viewed by lenders in the future).

Spot on. High utilization does actually lower your bureau score. Keeping the tradeline open (I have a card open since 1998) will give lenders a historical view of your credit usage and if favorable lend more to you.

[Whostheboss]

Originally Posted by HoustonRider

I have a few cards with zero balance that I never use, it keeps your "available credit" open.

So if I have CCs with a combined limit (max) of $230,000 and have a combined balance (across all cards) of $2300, then I have only used 1% of my available credit or have 99% available.

Doesn't mean I need it, but it keeps your score healthy if you need credit for anything else (loan).

Personally I would keep the jewelry card open and just not use it. It increases your available credit (as viewed by lenders in the future).

too late, already pulled the trigger.

[Billup]

Originally Posted by e92_boost

Lmao how are you guys going to tell me what I have and don't have, you guys don't make sense.

He has his own that he uses for other things. He uses mine so my credit could be better than what it is (749) I have them because I apply for them knowing that I can pay it back or my father could pay them back when he uses them.
I benefit from all of them I.e. The speedway one that I have I get double points and have over 200 dollar free gift cards that I can use from the points.

Actually, YOU don't make sense. Who the hell has 15 credit cards? It's not going to do anything for your credit that just three cards wouldn't do. Besides, I never said you didn't have anything, so you can just take it down a notch there spunky. You just never answered the questions.

Either way, congrats on having a million cards and letting your dad use them.