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Obrown0604

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Credit Card Balance Caryover
If I open a $1000.00 credit card, and keep the monthly balance under 30%, will that effect my credit score?

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Yes it will. It will drop your score due to hard inquiry (short term), average age of credit lowering and a 30% usage drops your score.  They like to see less than 10%.  But in the long run if you can keep the usage under 10% it will help your score as the age increases, hard limit goes away, and showing good ontime payments.

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