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Closing cards

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Anonymous
Not applicable

Closing cards

Shoudl i close any  card after paying it off if it not one of myoldest? Doenst oomany open cards also negatively affect score? thank you

 

bw

 

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takeshi74
Senior Contributor

Re: Closing cards

Whether or not you close cards is for you to determine using the information below along with your needs, wants, priorities, goals, preferences, etc.  There is not a yes or no answer that applies to all cases.

 

This thread is linked in the Helpful Threads sticky in the Credit Cards subforum:

http://ficoforums.myfico.com/fico/board/message?board.id=creditcard&thread.id=117125&jump=true

 

Scoring factors are covered here:

http://www.myfico.com/crediteducation/whatsinyourscore.aspx

 

Number of cards is a common topic.  It's not the number of cards that matter as far as your score is concerned.  It's more a matter of your specific needs/wants and what you can responsibly manage.  You can also refer to:

https://www.google.com/search?q=number+of+cards+site%3Aficoforums.myfico.com&oq=number+&aqs=chrome.0...

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