Last year, I bought a motorcycle and did same as cash financing through Honda credit. The cycle cost 4200, but honda opened my account with a 11000 limit. I paid the cycle off in less than three months, then closed the account.
I'm not sure if that was a bad plan, but I did not want an open line of credit with honda for 11000.
Against my wishes for the sake of a better fico score, I have a visa card with a 1000 limit as a gas card for my wife and a QT card with a 900 limit for me. I pay both in full every month.
Point, I'm not so sure that having credit just for the score is necessary, if you can get credit for the ways you choose to use it.
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