Cancel credit cards
Date: Sat, 12/01/2007 - 15:08
Is it better to cancel old, unused credit cards, or newer ones and leave the old ones open?
Length of credit is a positive on your report. I have a couple o
Length of credit is a positive on your report. I have a couple of low balance old cards that I have left open...it doesnt hurt anything and I charge a tank of gas or something every once in awhile then pay it off.
I agree Volley-I have some I keep open too just for that reason.
I agree Volley-I have some I keep open too just for that reason.
Cat, I would certainly take Volley's advice. She is right on whe
Cat, I would certainly take Volley's advice. She is right on when it comes to anything banking.
Credit cards with age should be left open and used just enough t
Credit cards with age should be left open and used just enough to keep them active. I would close any card that comes with a fee if you can afford the temporary hit due to loss of utilization.
