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Originally Posted by Steen2
In US- I would recommend Starwood Amex. SPG (Starwood preferred guest) runs an excellent program.
Canada's is MBNA Starwood MasterCard.
And the debt to credit ratio? It can be harmful to close old credit accounts.
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Steen,
of course utilization is a factor but what I am saying is any Amex Charge card with Any Amex Credit card can bring you into FR status. It's no big deal actually but for some that like privacy, well....
The only thing good on your cr's with a charge card / net 30 acct is real the age of the trade line. Amex and most other charge cards never report a limit like a revolving line, only High Balance.. So if you have other cards with an old history like your charge card, no sense in keeping it really.. Not helping ficos at all, except for payment history and age..
Many Credit cards also don't report Limits, and that isn't good either. Most crap one cards don't, some citi, amex, etc.