Comments on: No Limit Credit Cards Hurt Score

By: Am Ex Customer

Am Ex Customer — Thu, 14 May 2009 19:10:26 +0000

I totally agree that you should have to sign or intial that you understand what this type of card can do to your FICO score! We worked for years to get a credit score of 750 – only to have it fall almost 50 points after getting an American Express Gold card for my husband to use for business and to get the reward points. The points will never make up for the additional interest we will now have to pay on a vehicle we just purchased and refinancing the house will be out of the question until we can resolve this issue.

By: Amanda

Amanda — Fri, 07 Apr 2006 16:42:11 +0000

Wow – I would have never known this. There should be some kind of disclaimer!

By: lamoneyguy

lamoneyguy — Fri, 07 Apr 2006 04:08:56 +0000

Capital One is notorious for this. I have heard reports of company officers dismissing its importance.