I'm only keeping my $500 limit capital one "platinum" because it'* my longest line of credit (credit history length is around 15% of your FICO). Now, my main one is my significantly larger USAA card which is GREAT, if any of you are in the military, or meet the req'* for having a family member in the services.
I don't know if I'd finance much of a business on a credit card. You're still at almost 11% on your rate.
I was surprised when my auto loan came back @ 6.5% when all i've had is 3 years with credit cards, granted I have a credit score over 700, but nothing long term, or large lending yet.
'06 Vee Dub GTI 2 door Tornado Red
- 2.0 Turbocharged, Intercooled, Direct Injected, 6 Speed DSG, Underbody Aero, 17" Classix
- Moonroof, Bi-Xenon headlamps, Interlagos Plaid Sport Seats, 6 Disc In-dash, iPod integration, GTI Monster Mats (winter)
'93 Bonneville SE Purple Pearl H4U package - picked up June 23, 2003, Traded-in June 28, 2007...