Sunday, October 25th, 2009

How does an unused credit card report on your credit report?

If I have a credit card that I do not use, how does this account reflect on my credit report? Does it show an open account in good standing?

It shows on your credit report as X number of dollars credit allowed, zero for maximum use and zero for outstanding balance. But it does add to your credit score just because someone issued it to you.
Here is a good site where you can get free credit report:
http://best-free-credit-report-usa.blogspot.com/

This entry was posted on Sunday, October 25th, 2009 at 12:57 pm and is filed under Credit Report. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Responses to “How does an unused credit card report on your credit report?”

amy Says:
October 25th, 2009 at 6:47 pm

It shows on your credit report as X number of dollars credit allowed, zero for maximum use and zero for outstanding balance. But it does add to your credit score just because someone issued it to you.
Here is a good site where you can get free credit report:
http://best-free-credit-report-usa.blogspot.com/
References :

Alexandra Says:
October 25th, 2009 at 7:37 pm

If you have a credit card and you choose not to use it, it will affect your credit score positively. Even if you don’t use your card, your account will still be reported to the credit bureaus every month as being in good standing.
References :
http://education.cardhub.com/if-i-have-a-credit-card-that-i-do-not-use-how-does-this-reflect-on-my-credit-report/

Jimmy Says:
October 25th, 2009 at 8:13 pm

Do not close the card cause it lower you available credit line. You also can use this service to pre-estimate future scores for different scenarios of credit card payments. – freecreditreport.hotusa.org
References :

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