Quote:
Originally posted by TheLegacy
I want to get rid of mine - when you go to get a mortgage or loan they take all your cards (even if you have them paid off) and use the max limit as your liability. In other words, it counts against you - banks idea is that if you got a loan you may run them all to the max.
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I had this issue, I pay off my Visa in full every month and thought it would give me some extra brownie points on my app... instead it went down as a liabiliity. They treat it just like it was a personal loan for the full amount of my card limit.
My limit is too low anyway, I have to top it up every week or two.