I got an mail offer for a Merrick BAnk credit card with $750 CL. Of course, like us all, I am trying to rebuild and improve my credit standing. So should I accept it? Here's what I have right now: Orchard Bank unsecured cc (Since July 03)=$500CL Target Guest Card (Since Oct. 2003)=$200CL Lerner NY (store; WFNNB for several years)=$500CL Car loan (3 years) Student Loans (7 years) Should I accept this higher limit cc? Your input is appreciated!
You wrote the other thread about buying a house, right? No, you shouldn't take the offer, especially if you're looking to buy a house. You already have enough credit, just focus on paying it off on time and not letting the balances build up on your existing cards. You shouldn't be carrying balances at ll on those current cards, especially if you want to look good for a mortgage lender in the near future.
