Loading ...Yeah, I have an 805 credit score, but I live within my means and pay off the cards monthly. I am what the business calls a ‘freeloader’ because they don’t make any interest on me.
So one high profile credit card that practically forced itself upon me two years ago because of my excellent score was kept in reserve. I never used it. Six months ago I got a letter from them. “We’re sorry the card was not a good fit for you. We have cancelled your account.” So I started spreading my small purchases around on the remaining three cards to keep them active. Two months ago I got a notice from the one with the highest credit limit. Because I was not going deep into debt up to their expectations, they cut my credit line in half!
No big deal for me. The cards are simply a purchase convenience for me that I pay off monthly. I also keep a wad of cash ’emergency fund’ (under my mattress…. don’t tell anyone!) that is not in the bank.