Ramon Dahlheimer: i have two answers for you, one specific to your question, one in answer to what i believe your overriding goal is in trying to do what you are doing, first your action in opening up a new credit card will lower your score because it's called a credit inquiry and every new credit inquiry lowers your score unless you inquire on your own behalf (you are allowed to pull your own credit score for yourself and will not be deducted), however, it sounds to me like you are trying to improve your score overall, if that is the case please let me suggest http://www.credit-report-repair.us, for $500 they provide one full year of service in fixing up your credit and making it as great as it possibly can be, the computer programming for the system in place for this service cost $250,000 so it is very similiar to using an mri machine when going to the doctor, but you only pay a fraction of the cost, this service has been known to take off every kind of derrogatory incl! uding tax liens and bankruptcies, if you want your credit to be at it's best in the coming year the $500 will easily pay for itself over and over and most importantly, the company does the work for you, all you do is fax back the letters from the bureaus and watch online as your score goes up, there's even a money back guarantee...Show more
Randa Hessell: I would recommend not getting a card just to close it after to promotion. Creditors look at your length of credit you've had. I just got my credit reports last week and that was something that I took a hit on because I just got another card about two months ago. My debt-to-income ratio was not a concern; having the card for too short of a time was. I'm going to assume that you're rather young and don't have any credit right now. Honestly, take what you can get and just go with it. Just be certain that your card does not have any annual fees. Nothing says that you have to use the card. You only have to meet the Ter! ms and Conditions of the card which simply means you pay your ! minimum balance on time and you don't go over your limit. If you have no balance, then you'll have nothing to pay. Your credit report only shows a yes or no in regards to meeting those terms. You also have to take in consideration how many inquiries you have towards your credit report. Each time you request a new card, that company will pull your credit report and they will stay listed on there for two years. Having too many inquiries will be a negative effect because it shows that you're going out of your way to try to get credit and keep getting rejected...I still have my first credit card from Discover Card from 1998. It started out as an 18% card with a $500 credit limit and now it is 5.9% with $3500 available balance and perfect history. Email me if you have any more questions....Show more
Andra Oger: your debt to income ratio.
Kara Tabian: Each time you applied for a credit; an report is requested by the creditor. Each inquiry will decrease your credit ! score. When you have multiple open credit accounts, you become more risky. This will also decrease your credit score. Even you try to have these accounts close out, it still require takes time for the creditors to submit them to the credit reporting agencies. There is no such thing as free lunch. You will able to do few in the beginning, but it catched up with you. Stop dreaming and trying to beat the system, use your brain for somthing more productive....Show more
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