Are there any negative consequences to signingup for a credit card and then closing the account righ

I keep seeing people on campus offering free stuff like pizza, hats T-shirts bags etc for sining up. People sign up and then close the account when the card comes in the mail, or they just fake the application. Are there any negative consequences of doing this?

Are there any negative consequences to signingup for a credit card and then closing the account right away?auto financing

If you are doing it alot if can hurt your credit. Each time a person opens a card it is a small ding on your credit score. But from knowledgeable people have told me is that it is not a huge impact on your credit. Figure maybe 3-5 pts down if you open a card. so unless you do it 10x a year it wont hurt your credit much.

As far as closing it our right away, that wont hurt because will have no credit history with the bank. BUT it will help your score go back up if you use the card a little. Just spend like 50/month on it and then pay if off. That will easily make your credit score go up.

Are there any negative consequences to signingup for a credit card and then closing the account right away?

loan

Every time you apply (sign up) for credit of any kind, they can run your credit check. Too many credit checks within a certain time period will lower your credit score. %26quot;Too many%26quot; could be as few as 3 in three months.|||Yes - all credit checks and credit cards shows up on your credit history - to many hits and it%26#039;s a negative toward future credit!@~

Better rewards card than this, worth hassle also ?

I currently have a Everyday Elite visa rewards card which offers 4% gas , 2% on restaurants and food and 1% on everything else, is there anything better then this worth me going through the hassle and credit score effect of opening a new card. I also use a regular points debit card from national city for everything else, it aint much but would rather not have to pay such a huge bill every month on a credit card.

Any other suggestions, would love to hear them

Better rewards card than this, worth hassle also ?annual credit report

That is quite good really. There might be cards slightly better based on your spending habits but I definitely don%26#039;t think you should switch.

American Express Blue Cash is often rated as the best cash back card. With Amex Blue you get .5% cash back on everything and 1% cash back while you are spending less than $6500 for the year and then 1.5% on everything and 5% on everyday items thereafter (groceries, gas, drugstores). It has some other benefits as well like Buyer Protection and a program than can extend the warranties of some of the items you purchase. It%26#039;s complicated to compare yours to this becasue of the change in return after spending $6,500. I reccommend just staying with your card. A better rewards card isn%26#039;t going to make anyone rich.

Better rewards card than this, worth hassle also ?

loan

Reward credit cards reward you depending on the amount you spend on the credit card. Usually, you can collect rewards through 3 methods. One method involves earning cash back on the card, which is generally a certain percentage of each amount you spend. The next method involves giving points or any other type of token to the customers to accrue. They can then redeem these points for gifts like luggage, cosmetics and other goodies that the credit card company offers. Most of these reward schemes have alluring gifts and huge variety of selections. But the better option is to go for a cash back reward as it allows you to use the money any way you like|||I like american express delta miles card it give you a huge bonus when you sign up plus it will give you miles for every dollar you spend and offer alot or double mile days and this miles rack up fast which will give you a free round trip once you hit 25,000 miles you initial bonus is 17,500, check out www.fastcreditcardapprovals.com here you will be able to compare all credit cards that offer rewards side by side.

http://fastcreditcardapprovals.com/

Is it legal for a company that has your credit card to charge it for more stuff unless you opt-out?

i had purchased a domain name from globat.com, a company based in california. they sent an email recently saying i %26quot;qualified%26quot; for a great offer and it would only cost $49.95. they said it was even %26quot;better%26quot; since i didn%26#039;t even need to do anything if i wanted to %26quot;sign up%26quot;. they would simply charge my card on file. only if i didn%26#039;t want this %26quot;upgrade%26quot; would i have to contact them and let them know i did not want this. is this practice illegal or just totally scummy? if it is illegal, how can i get these bastards in some real trouble? thanks.

Is it legal for a company that has your credit card to charge it for more stuff unless you opt-out?mortgage rate

Report them to the attorney general if they charge it.

But I would report my card as lost and request it be cancelled and request a new one.

Is it legal for a company that has your credit card to charge it for more stuff unless you opt-out?

loan

If they charge you without consent it%26#039;s illegal, unless somewhere in the terms of service it said something about those offers. I would call my cc company and tell them it as an unauthorized charge if they charge you anyway.

Looking for the best deal for a 0% interest credit card?

I have a balance that I want to transfer....and am currently paying 24 percent interest. I would like to know of a card that not only has the 0% interest for a set amount of time (at least 6 months) but maybe throws in another offer to get my business.

Looking for the best deal for a 0% interest credit card?car financing

go here they have that offer of 0% for 18 months

http://www.bestcreditrates.net

Looking for the best deal for a 0% interest credit card?

loan

Try somewhere like moneysupermarket.com

That will let you compare the deals that are out there. 24% is daylight robbery!

What first purchase(s) should I put on my brand-new credit card to earn future generous credit limit

I%26#039;m totally new to Chase. Approved for Professional card with a 10K CL. Some says banks see first-purchase as indicator of habit and might affect future limit increases. Please offer some suggestions.

What first purchase(s) should I put on my brand-new credit card to earn future generous credit limit increase?credit rating

Nonsense. The bank might examine your first month%26#039;s purchases to determine your spending habits. To make the best use of your card, limit your spending to no more than 20-25 percent of your credit limit and pay the full amount by the due date. As you develop a history of reliable payment and not excessive use of your credit, you can ask for a credit limit increase.

I have a card on which the limit was about $11,000 and in a month that included a foreign trip I charged about $8,000 instead of the usual $3-4,000 per month. Without my asking, the bank increased the credit limit to $13,000 and notified me by letter. On another card I had to make a large purchase which I wanted to charge so I called the card company and explained my planned purchase and asked them to increase the limit by about 60 percent. They did so because of my excellent payment record.

What first purchase(s) should I put on my brand-new credit card to earn future generous credit limit increase?

loan

It is difficult to say. I would be conservative at first because your spending habits will be tracked. Bear in mind that not only will they keep tabs on your habits with them, they%26#039;ll also track you on other accounts you have. Bank%26#039;s have their own in-house scoring systems the public isn%26#039;t aware of. A phone call to their customer service to seek out information on guidelines will not hurt you.|||It really makes no difference what you purchase. The bank really doesn%26#039;t care. They are only concerned that you pay them on time.

The smartest thing for you to do is charge only what you can pay in full each month. They will automatically increase your limit every 6 months to a year.

Curious, are you going to be using this card for lots of business travel that you think you will need more that a $10K limit? Remember Credit cards are pretty bad for long term finance.

How do I opt-out of credit card pre-approvals for my business?

I know how to opt-out as a individual, but how to I stop these annoying offers that keep coming for my business?

How do I opt-out of credit card pre-approvals for my business?rate my teacher

Try calling 1-888-567-8688.

Or you can write to the following;

Direct Marketing Association

Mail Preference Service

P.O. Box 9008

Farmington, NY 11735

CAN I LEGALLY GET RID OF CREDIT CARD DEBT ???????????????

I GET OFFERS ON MY EMAIL, BUY CAN%26#039;T TELL IF THEY ARE LEGETT.

CAN I LEGALLY GET RID OF CREDIT CARD DEBT ???????????????construction loans

Credit cards are %26quot;non-secured%26quot; loans. Meaning the money they lend you through MasterCard or Visa is not tied to any collateral. If you stop paying on the debt the credit card company can not do anything but rate you as a bad risk in the credit reporting agency. Basically you get a bad credit rating that won%26#039;t go away for up to 7 years after you pay the debt off. If you can live with the bad credit report than just stop paying them. You can still get a car loan, but you will pay a high rate of interest because of the bad credit report. You can still buy a house, but the same applies, high interest rate for a high risk loan. One way or another (pay the debt off or pay high interest rates) you end up paying more than a person with a good credit report. Another alternative is bankruptcy which is an awesome tool when used correctly. It is a tool that many millionaires and billionaires use to their advantage while most working people scorn the legal precedence. If you have more debt than income, bankruptcy is for you. Don%26#039;t empty your savings and retirement accounts trying to keep up, just go file. Erase the debt and start over. You will have a high risk credit report for up to 10 years but within a year you can start building a good credit profile to shorten the high risk time. It%26#039;s all about the capitalism!

CAN I LEGALLY GET RID OF CREDIT CARD DEBT ??????????????? loan

bankruptcy?|||bankruptcy|||First of all, stop using your credit cards. They promote spending more than you make and make you pay horrible interest. Spend less than you make and you can clear it.

Something that every person should do is save 10% of their income for retirement. Getting it put automaticaly into a bank account is the best way so there is no temptation of spending it. With your situation I would put that 10% into the debt. The only reason you wouldnt is if you could find a way to make more interest than your credit cards are charging. (Still stay away from stocks, you don%26#039;t want to play around with money you dont have) The simplest way to say it is pay them off and don%26#039;t spend more than you make.

A book i reccomend to you is %26quot;The Wealthy Barber%26quot; by David Chilton. It is by far the best and most informative book you will ever read.