Posts Tagged ‘Visa Credit’

What will happen to my credit rating if I use my credit card like a charge card?

Knowledge Seeker asked: Since I started using my Visa/MasterCard credit cards, I’ve always treated them like charge cards (paying them off in full each month) to avoid the interest unless its absolutely necessary to maintain a balance. Some people say that this can have a negative effect on ones credit rating? Is this true?Steve

How can the closure of a credit card account affect my credit rating?

Mike T asked: Chase Visa closed a credit card used exclusively by my wife for exceeding the credit limit for 3 consecutive months. Since it is my credit card (I put her on the card 5 yrs ago), what can I do to minimize the damage which has already occurred to my credit rating.Julia