Quote:
Originally Posted by kunkstyle
As far as I know, unless you actually put something on it and make the subsequent payment ,it doesn't help your rating any. And could actually hurt it, as it would be counted as available credit. Don't take my word for it though. Just personal experience as a consumer.
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I beleive this is wrong. You get a slight advantage to your credit rating by having a credit card open but not using it, as it increasees your credit to debt ratio. Basically the idea that someone who has credit but doesn't use it all appears more responsible than someone who maxes out all lines available to them. I don't work for a credit card company, so I'm not an expert, but this is what I've heard.