ashmaini

The article is very informative. I have total of 5 revolving accounts including Credit cards and Store cards having a total credit limit of $7400. My total credit history is just a little more than 1 year, with average credit card age being just 7 months. I am also having 11 hard inquiries on my credit report in the last 1 year period. But still, I have managed to attain a score of 723 because I keep my credit utilization below 30%. But 1 question that I am still having in my mind is that should I use all of my card accounts every 1 or 2 months, or should I use a couple of them and leaving the rest with 0 balance? I would prefer the 2nd option, but is it going to have any negative effect on my credit score? Please advise.

$5000 min. daily average balance requirement makes this offer a very bad one. If I would have that much amount to keep in my account, I would not need a checking account for that money, but will go for much better savings account or CD.