Hold On To Your Old Card:

If you hold on to your old credit card then the credit bureaus reward loyalty. 15 percent of your credit score is based on the length of your credit history and that includes the age of your oldest account, as well as the average age of all your accounts. In other words, lenders want customers who will stay around and not move their accounts to whoever has the lowest current introductory offer.

Avoid Using Credit Card Introductory Offers:

Always remember to avoid a credit card inductor offers as they might help you in the short run financially or get you out of difficult debt, but as a long term solution they will most likely hurt you. Lenders want to acquire customers that are loyal because there is a cost associated for each loan. They would rather lend money to someone who is very likely to stay than someone who has a very unlikely to stay and move their money over at the next good looking introductory offer.

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