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Consumer Advice

Beartracks

(12,809 posts)

6. Does revolving debt include "catalog" or "store" cards?

Reply to FBaggins (Reply #1)

Wed Oct 16, 2019, 06:03 PM

Oct 2019

Obviously, a Capital One card in your wallet would be revolving credit. What about, say, a Fingerhut account or Nordstrom card?

Kind of also wondering if one's credit score is improved by the addition of a "store" card (because, hey! more credit capacity!) or diminished (because of the hard credit pull).

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Credit scores and "credit usage" [View all] Beartracks Oct 2019 OP

Generally it's revolving debt divided by total available revolving credit FBaggins Oct 2019 #1

Does revolving debt include "catalog" or "store" cards? Beartracks Oct 2019 #6

It does if you can keep making charges on the account FBaggins Oct 2019 #7

As per Dave Ramsey, if you have to put it on a credit card, 3Hotdogs Oct 2019 #2

Not necessarily customerserviceguy Oct 2019 #4

That does not include paying balance each month use. dixiegrrrrl Oct 2019 #5

It's aggregated customerserviceguy Oct 2019 #3