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Ok so I was curious if closing a credit card that you will not be using anymore is a good idea even if there is no yearly fee. I have a 5000 dollar credit card which I will have paid off in 2 months and it will probably never be used again. (Except maybe 2nd or 3rd emergency in succession.) I don't want to close it as it is my oldest card but it gives no rewards and it won't be able to get a CLI as it is a local bank cc and they said they don't do anything over 5000. Would it be ok if I just put it into a box in my closest and let it sit? What are the chances the bank will close it on me. And how long would you normally have till that happen? Thanks guys. I know I don't want to close it yet cause of my util. but I am working on paying that down. This is just thinking ahead of the curve hopefully.
I personally would use it every 6 months since there is no annual fee, but thats just me
I'd keep it for the utilization and as a backup, and make an occasional purchase to keep it open.
SD it bring it out once every 6 months and make a small purchase, a 5K card that is your first card is nothing to sneeze at.