Is it really worth the points/rewards

[michael]

Did not have an issue when I refinanced last year. My broker told me that the best rates required a 740 which I had. No one asked about cc's. 

[ushdadude]

For many ppl this game has highered their credit scores.

I'm assuming a bank will look at more than just a number before lending someone 6 figures.

[daganster]

I'm assuming a bank will look at more than just a number before lending someone 6 figures.

Yes, they are more concerned in regards to your debt than your inquiries.

[Baruch]

I'm assuming a bank will look at more than just a number before lending someone 6 figures.

So they'll see a bunch of ccs with no balance - Big Deal!

The credit score goes up with more cards because the debt to credit ratio goes down.

[Baruch]

Did not have an issue when I refinanced last year. My broker told me that the best rates required a 740 which I had. No one asked about cc's.

According to the Mortgage Professor, anything higher than 720 is usually just as good as 720.


ETA: actually he now says the the financial crisis has caused a need for a higher score - 760 - and even higher.

http://www.mtgprofessor.com/a%20-%20credit%20issues/does_the_mortgage_market_reward_virtue.htm

That was written about 2009, it could be that it went back down. Maybe the new number is 740?