What to do with credit cards we don’t need anymore.
My wife and I were discussing that we have credit card accounts that we don’t need anymore. Back in the day we had quite a few cards but with some creative finance and an increase in income we paid off quite a few of them. Question is it better to cut them and toss or to contact the credit card company personally and discontinue the card ??
Terry Says
Length of credit history is a key factor in your credit score. That’s important if you’re planning to borrow or refinance.
Get a copy of your credit report at AnnualCreditReport.com. It will list all your cards and the opening dates. Be sure to keep a couple of the oldest.
