Yeah that dude is right. One of the things they look at is available credit. If you close an account with a $20k limit and zero balance, your score will drop.
For any future/current parents with good credit: if you add one of your kids to your credit card, their credit rating gets a boost.
I don’t know how it works. I never use a $1000 of my limit, let alone $25k. Especially at 20% or what ever my card is.
Yeah that dude is right. One of the things they look at is available credit. If you close an account with a $20k limit and zero balance, your score will drop.
For any future/current parents with good credit: if you add one of your kids to your credit card, their credit rating gets a boost.