points
by jjav
1 year ago
| 1 comment
| HN
No, you actually want to get as much credit as you can, and never use it.

Available but unused credit helps your credit score.

IAmBroom
1 year ago
[-]
Also, there's an addition benefit for high-credit-score credit card users: they get occasional offers for "0% interest" (with typically 3-5% upfront fees, which are in fact a fixed interest) loans, which become ordinary credit card loans (~20% interest) after 12-18 months.

Even though it isn't actually 0% interest, even 5% is an amazing credit interest rate.

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