Not really. CC really are awful. My wife had 750 credit score with about 10% utilization. She got 2.99% BT for life offer on her AmEx and put about 85% utilization (paid off her 6% auto loan) with a FICO score still at 730. 10 year history, no negatives whatsoever. Chase rate jacked a card she had at 8.99 with about a $2500 balance to 29.99 because “another card was near its limit.” That card was paid off in 2 months and immediately went back down to the normal rate even though 98% of the BT was still there. I haven’t touched that Chase card since and it’s been over a year. I hate CC companies and after I’m done paying ours off completely by March, they’ll be locked away for good. I’ll use them every once in a awhile to buy gas so our FICO stays high but that’s it.
These days, you pretty much have to have a card to buy gas. In my case, anyway. I can't be bothered to go inside and prepay cash.
..you see, people like us are the REAL reasons the subprime market is a mess..
..we've taken advantage of free money for about 3 yrs now...
..we never pay finances charges and we just happen to pay the entire card off just before the interest is set to start up ....