Q: My credit scores are around 730. I recently applied for and received a charge card to get the rewards. Do charge cards have a negative affect on your scores?
A: Charge cards can be a good way to manage spending without taking on debt, because they obligate you to pay in full every month rather than carry a balance. Charge cards didn't have credit limits, so consumer credit limits on charge cards couldn't be used to factor credit scores.
Recently, scoring models have been modified to make allowances for charge cards, so they're now a good way to build healthy credit scores
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