Will low apr credit cards help your credit rating?

Opening too many accounts, even those with really favourable Annual Percentage Rates will be detrimental to your credit rating overall because your creditors will think that you have too many options for going into debt over your head!

Better than a lot of credit cards, would be an installment loan and a home mortgage.

Your home mortgage is your best credit report asset because it is the one thing you owe that keeps up with inflation and it offers the bank collateral against the loan!

Treat low apr cards and other offers like sweets, you don't need them all! Your credit rating will be best served and will serve you best with an amount of credit that fits your income level and your ability to use it responsibly! Apply for the Discover® Open Road Card today! link goes direct to application If you can do that, you never know what offer types you will get from your credit card company! Mine recently consisted of getting a special financing interest rate of only 3.9% for the life of the loan on any balance transfer up to $3500.00!

This move can save you an incredible amount of money if you take advantage of it!

But, I would not have been able to get this far without being able to start out with 2 credit cards that I got once my bankruptcy was granted! I paid a higher interest rate when I first opened these, but after making my payments on time and paying off the balance paying little in interest resulted in my creditors raising my credit limit.

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