- Gold Member
- Posts: 44
- Joined: Sat Feb 21, 2015 5:59 pm
- Location: Vader, WA
Unlike you, the credit limits on my 14 credit cards are lower. The highest is my KeyBank Rewards MasterCard (only $5k). My credit score is 748. And, my combined utilization rate is under 5%. In my case, I use credit cards as a "safety net" against surprise expenses (ie., medical, auto, home). I keep them all active each month with at least one charge (usually small) and pay off balances on the same day the invoices post (not waiting for a due date).
But, like you, I have one credit card (a rewards VISA through one of my credit unions) that has apparently never made a hard inquiry - nor even reported to the bit 3. And I've had it since April 2014. I look at it this way ... if it ain't broke, don't fix it (grin). If your credit score is already in the 800s, not having the card "hit" your credit file (or even report) probably isn't anything to worry about.
"People with a clever plan can assume the role of the mighty."