Interesting. While I know that theoretically an 850 FICO is possible, I’ve never met anyone or even heard of anyone actually having an 850 FICO. [/quote]
I tried to cancel my Discover card a couple of weeks ago because I never use it. I was willing to take the hit on my FICO due to a smaller amount of revolving credit availability if I got rid of it.
Discover threw 3 people at me to try to convince me to keep it open. I agreed to do so just in the interest of saving time-it is a lot of work trying to close a credit card account.
I rewarded their effort by spending $37 with it.
The lesson learned is that no credit card company will ever make people pay to use their card even if they pay off the balance monthly and espcially if they have a client with a superior credit history.
That is important to keep in mind if somebody wants to charge you for the priveledge of carrying their card.
