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Frequent Contributor


Is it better to closed you CC or let it closed by the creditor for inactivity?

FICO = EQ: 786 (1/15) TU:774 (2/15) EX: 767 (2/15)
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Frequent Contributor

Re: Closing?

I don't think it matters as long as it doesn't have a balance. I had a CC get closed bc I moved and forgot to update my address and they couldn't get in contact with me so they shut down the card. And I've closed cards on my own. I didn't see an damage from either. The important thing is that it has a $0 balance. But if you don't want it anymore, just close it. No use waiting.

AMEX BCE: 5k; Barclay Apple: 2.5k; BoA CB: 3k; BoA BBR 4.2k; BoA Travel: 8k; Chase Sapphire: 5k; Chase Freedom: 6k; Citi Diamond: 3k; Discover IT: 9k

June 2013 FICOs: TU: 763; EX: 754; EQ: 764 (was 747 9/2012). Last app 2/20/2014 Garden until 3/2015
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