I currently have a checking account and an auto insurance policy with USAA. They offer a discount on insurance based on what and how many products and services you have with them, therefore, I am thinking about opening a credit card with them (I do not plan on using it).
I currently have an AMEX with a $6,000 limit and currently have a balance of $2000
I also have a Capital One Visa with a $500 limit and have a balance of $300.
My credit score is 705.
I already have 2 other checking accounts (Wachovia & ING) and another higher interest savings with ING, so I don’t want any more banking services…and I don’t plan on making any major purchases for another year or so (buying a house).
Will it bring my score down considering the new inquiry and new card? Is it worth it to open a card and save a couple bucks on car insurance, or should I just leave it be?
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Tags: Amex, Auto Insurance Policy, Banking Services, Buying A House, Capital One, Capital One Visa, Car Insurance, Checking Account, Couple Bucks, Credit Card, Credit Score, Discount Insurance, Ing, Insurance, Insurance Services, Interest Savings, Usaa Insurance, Wachovia
