If your current credit accounts are in good standing and your debt-to-credit ratio is low, your credit score won’t drop significantly. Length of credit history makes up only 15% of your credit score. The most important things are payment history (35%) and amounts owed (30%). If you always pay on time and keep your balances low your credit score won’t be affected much.
BEST CREDIT CARD OFFERS from our partners:
Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com and more up to the quarterly maximum, each time you activate.
Excellent, Good Credit
INTRO OFFER: Discover will match ALL the Miles you've earned at the end of your first year, automatically. For example, if you earn 30,000 Miles, you get 60,000 Miles. That's $600 towards travel!
Excellent, Good Credit
Earn unlimited 1.5% cash back on every purchase, every day
Average, Fair, Limited Credit
