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signing up solely for credit card bonuses
Expired
Thread created 02-25-2011 by ZWats
0 Score 11 Replies 2,330 Views
Post #37580289 added 02-25-2011 12:59 AM by ZWats in Archived Deals
It's to my understanding that closing credit card accounts generally lowers your credit score temporarily. Now I usually take advantage of the $100-$200 cash back bonuses that show up from time to...
signing up solely for credit card bonuses
Expired
Thread created 02-25-2011 by ZWats
0 Score 11 Replies 2,330 Views
Post #37675551 added 02-28-2011 10:02 PM by oae in Archived Deals
Creditkarma has an incentive to tell you that you need more credit. That site is filled with affiliated credit card banner ads for a reason. It is ridiculous to suggest you need 20+ credit accounts...
signing up solely for credit card bonuses
Expired
Thread created 02-25-2011 by ZWats
0 Score 11 Replies 2,330 Views
Post #39562991 added 05-13-2011 7:25 AM by jolanar in Archived Deals
80 Credit Cards? Are you serious?
signing up solely for credit card bonuses
Expired
Thread created 02-25-2011 by ZWats
0 Score 11 Replies 2,330 Views
Post #37602905 added 02-25-2011 7:51 PM by vaultaddict in Archived Deals
Since I don't intend to ever borrow money again, I've been opening any account that gives more than $200 in bonuses and closing the ones with annual fees. I've even had to close others or reduce the...
signing up solely for credit card bonuses
Expired
Thread created 02-25-2011 by ZWats
0 Score 11 Replies 2,330 Views
Post #37683205 added 03-01-2011 7:44 AM by Dr. J in Archived Deals
It's all cost/benefit. Unfortunately for the consumer, the formulae behind FICO scores aren't straightforward, so while we can make generalizations about the number of credit lines you have,...
signing up solely for credit card bonuses
Expired
Thread created 02-25-2011 by ZWats
0 Score 11 Replies 2,330 Views
Post #37683437 added 03-01-2011 7:51 AM by lordluck in Archived Deals
I agree with the above posters but would add that your credit score is a tool, nothing more, nothing less. Once you understand it you can use it to your advantage more effectively - when you are...
signing up solely for credit card bonuses
Expired
Thread created 02-25-2011 by ZWats
0 Score 11 Replies 2,330 Views
Post #37614973 added 02-26-2011 1:09 PM by bioscm in Archived Deals
from what I've read, each cancellation costs you 5-10 pts off your credit score. It really depends on what your situation is and whether you will be needing loans to buy a house, car, etc. I will not...
signing up solely for credit card bonuses
Expired
Thread created 02-25-2011 by ZWats
0 Score 11 Replies 2,330 Views
Post #37607961 added 02-26-2011 4:24 AM by ZWats in Archived Deals
Thanks for responding... I wonder how much each cancellation affects the score.
signing up solely for credit card bonuses
Expired
Thread created 02-25-2011 by ZWats
0 Score 11 Replies 2,330 Views
Post #37720315 added 03-02-2011 11:20 AM by stomach in Archived Deals
ive been jumping on the cc reward ish for years now. to free gps's, ipods, money, skymiles, i take advantage of just about anything. i have over 40 credit cards to my name, most are still active. ...
signing up solely for credit card bonuses
Expired
Thread created 02-25-2011 by ZWats
0 Score 11 Replies 2,330 Views
Post #37620569 added 02-26-2011 6:57 PM by bowlofturtle in Archived Deals
i want to piggyback off this question.... I have 10 accounts shown on my credit report and 5 are activate. Now when i go to some sites like creditkarma and some of those free trial sites. They...
signing up solely for credit card bonuses
Expired
Thread created 02-25-2011 by ZWats
0 Score 11 Replies 2,330 Views
Post #39526691 added 05-11-2011 7:23 PM by Boomin850 in Archived Deals
Ye, I got 80 cards to my name...great idea :)

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