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Posted in Credit Cards
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Question By
Ot1260

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Opening/closing cc's
Wanted to open a new lower interest rate cc and close a
High rate cc with credit history of 4 years. Good idea?
What change in credit score would it create?

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Keep the higher rate card open but with a zero balance. As long as you are not being charged a high annual fee this card will actually help your score by increasing the average length of your credit hstory. 

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