Ask Terry Questions Cancelling old credit cards?

Cancelling old credit cards?

By Terry Savage on September 22, 2024 | Credit/Debt

Should I cancel old credit cards?
I only use one card at 0% interest.

Terry Says

Longevity of your credit history contributes a great deal to your credit score. So I always suggest you keep your “oldest” card — unless there is a huge annual fee. Go to www.CreditKarma.com to get your free credit score– and see how large a factor your longevity is.

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