(03-13-2019, 09:06 AM)Sijray21 Wrote:I guess I should have phrased that better. I realize that opening and closing cards frequently will negatively affect your score. But if you have a card for years on end and then close it for another, will that really affect you? If you have good credit history, you have good credit history.(03-13-2019, 09:00 AM)JPolen01 Wrote: Does keeping your Wells Fargo card just because you have had it for a long time really matter? Does that affect your credit report? I would think not.
It does. Length of credit history is one of the factors to create your fico score. The more good history the better.
Also I refinanced my car through a local credit union (APL Federal Credit Union). It was a fairly simple process. Now I have a checking account with $50 in it and a savings account with $0 and no minimum balance. Got 1.99% for the car loan.
2019 Accord Sport 2.0 A/T
2012 Civic Si - Sold
2012 Civic Si - Sold