Retail Charge Cards - Keep em open or close em - myFICO® Forums

fatjoe8 · ‎11-05-2008

Second, close any retail store charge accounts....This is what someone gave as advice for a person with a credit score of 653. If both cards I have have credit lines of $200 but they have zero balances, is it better to keep them open or close them?

Thanks

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Anonymous · ‎11-05-2008

you'll probably get a lot of posts that all say the same thing. DONT CLOSE THEM!

The retail cards add to your credit mix score, plus open accounts in good standing add to your average age of accounts, which increases your score too.

Anonymous · ‎11-05-2008

fatjoe8--

I have 5 major credit cards and 3 retail store cards. Here are my latest scores:

Retail Charge Cards - Keep em open or close em

Retail Charge Cards - Keep em open or close em

Re: Retail Charge Cards - Keep em open or close em

Re: Retail Charge Cards - Keep em open or close em

Retail Charge Cards - Keep em open or close em

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Retail Charge Cards - Keep em open or close em

Re: Retail Charge Cards - Keep em open or close em

Re: Retail Charge Cards - Keep em open or close em

Get your FICO Score for free