Minxy
LIFE MEMBER
- Aug 22, 2007
- 34,193
- 72,522
- Funster No
- 149
- MH
- Carthago Compactline
- Exp
- Since 1996, had Elddis/Swift/Rapido/Rimor/Chausson MHs. Autocruise/Globecar PVCs/Compactline i-138
Be careful of Aqua ... I've got one and so has hubby, I had a slightly better limit than him but for some unknown reason despite his being the main card we use abroad and at home they've cut his limit twice to less than half its originally amount ... he's never missed a payment, always paid off in full, just as I have. My limit hasn't changed but his has even though he's used it! Totally nuts!
We've got a few credit cards and use them all occasionally just to keep them active, we've though of ditching some but decided not to do so. Why? Well it may be counter-intuitive but when it comes to credit cards having several is often better than restricting yourself to just one in terms of having a better credit record:
We've got a few credit cards and use them all occasionally just to keep them active, we've though of ditching some but decided not to do so. Why? Well it may be counter-intuitive but when it comes to credit cards having several is often better than restricting yourself to just one in terms of having a better credit record:
- The combined credit limit you have for all your cards can affect your credit score, so if you've got a nice high limit but don't use the card much don't ditch it especially if you're looking to get a loan, mortgage etc as, even if you pay it off in full, the percentage of credit you've used compared to available credit is usually checked.
- To minimise the impact of the use of credit cards on your credit rating is to spread your spending across a few cards and not use more than 25% of each card's limit, this shows you are manage your credit well.