- Gold Member
- Posts: 32
- Joined: Mon Jan 17, 2011 12:26 pm
- Location: San Antonio, TX
If you don't have anything bad on your credit report, then I wouldn't worry too much about getting denied for cards or getting your current accounts closed.
If you are applying for a mortgage, car loan, or any other personal loan in the near future, then I would suggest staying away from CC applications for a while, as your interest rate would be directly correlated with your credit score.
You could look at it as a pass/fail grading scheme for CCs, and the typical A-F grading scheme for other loans.
With CCs, if your credit is good enough, it doesn't really matter how good it is.