You are mostly correct. ( I only qualify that sometimes / occassionnally the CC companies do not act rationally.)
Originally Posted by Thunderroad
Correct me if I'm wrong, but it sounds like you could get a bunch of new cards, take a temporary hit to your credit rating, and your rating would be back to its previous level after a year. The only possible harm is if you are applying for a loan or going through some other process involving your credit rating during that year, and even then it's not definite that your lower rating would hurt you.
Last edited by best; Oct 7, 2006 at 7:02 pm