I closed one card at a time, not all at once. That let me simplify without shocking my credit profile.
Should I close old credit cards I don’t use?
#credit cards#credit score#debt#money#personal finance
I have a couple old cards with no balance. I want fewer accounts, but I heard closing cards can hurt credit. What do people do?
AI Summary
People discuss whether to close old credit cards or keep them open for credit history and utilization.
Answers & Discussion
If the card tempts you to spend or has a fee, closing it may be worth the small credit-score impact. Peace of mind matters.
If there is no annual fee and you can manage it, keeping the card open may help your credit history and utilization. Just use it occasionally so it does not get closed unexpectedly.
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