[chrispy]

Originally Posted by SoCalS14

Sykik, maybe you can help me with a rumor I heard.

This guy told me, that if you get a credit card, run up a moderate balance. THEN, when you get an offer for a lower interest rate, apply for that card, and PAY OFF the balance of the other card, then close account. When you get another offer for a lower interest card, repeat the process.

You basically just move around the balance, but you show a history of paying off cards...Said this increases your credit rating, and subsequently your credit limits.

Is this true?

The average age of your accounts reported are considered in your credit report. Consistantly having accounts that aren't open long may hurt your credit score.