Quote:
Originally posted by Plugger
Right, this is why I always keep my credit limits on all cards as low I need them to be. Having high limits, or lots of lows, eats away at your overall credit rating, which is ultimately based on income versus debt 
|
I've got quite a few credit cards...I have switched a lot over the years as various banks kept offering me lower platinum interest rates and other perks such as cash back, frequent flyer miles, free crap, etc. I don't think it has hurt my credit...never had trouble getting house loans, car loans, or whatever...I charge everything I purchase online and a lot of things I purchase offline on my VISA Platinum card...they provide a lot of protection for consumers.