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Old 09-11-2009, 11:21 AM   #4
neos_peace neos_peace is offline
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Quote:
Originally Posted by fatediesel View Post
It is not wise to get a credit card and cancel it immediately just to save $60. This will harm your credit rating and could cost you thousands in interest if you are applying for a mortgage or loan.
Not really IMO because you didnt' have the card long enough to establish a rating yet with the card. I'm not credit savy So I really can't say for sure.
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