Originally Posted by kevallen83
I agree there shouldn't be any reason - but someone else said that they were going to close the account once they got their $100 credit to them... that's why I wanted to point that out.
Both my wife and I have credit scores that are above 800. I have opened maybe 5-8 CC's over the last 2 years where I purchased things on 0% interest and paid them off early and then closed the account. I have never seen a negative mark on my credit and my credit score has never dropped. The only loan I have is on my house. Everything else is paid in cash, even cars. I check my credit score every other month.
Now if someone has a mortgage, car loans, CC's and their credit to debt ratio is high, then opening and closing CC's could possibly
effect the credit/credit score. It is better to pay off your CC debt in full every month. It establishes good credit history. Credit is based on on delinquent or missed payments, credit to debt ratio and payment history. I have never seen a CC with no late payments and then closed, a negative mark.