Credit

By Terry Savage on June 10, 2023 | Credit/Debt

Should I candle an old credit card I’m not using? Does it affect my credit score?

Terry Says

“Candle”? Do you mean burn it up?!!
Better cancel it with the card issuer. If it is your only card, or your only long-held card it might ding your credit score a bit, since they look at longevity of credit history. But if you have several long-held cards, no problem in cancelling one of them.

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