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Closing credit cards?

Epic Contributor

Re: Closing credit cards?

rmaini wrote:


curlyheadedgirl wrote:

Should you close open credit card accounts that are on your credit report, even if they don't have any balance on them?  Also, is it better to ask for a credit limit decrease on cards you know you will no longer use?  I am trying to clean up my credit score due to credit card issues.  Any tips/suggestions would be great

Should not close any credit card unless there is an annual fee attached. Having a zero balance on a credit card with any limit can help your score.


FICO does not like to see a 0 balance on all your cards.  I would keep a very small balance on one.

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