Is it good to have open credit cards with high limits and no balances? |
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Read our articles on point scores.
Good credit acumen would say yes, but in today's credit enviroment - the answer is NO, based on "trying" to keep a good credit score.
Three cards with low limits that are being paid on monthly is the best situation for credit scores.
A card that have been opened for over 10 years can really help push those scores up.
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