Ask Terry Questions Credit card

Credit card

By Terry Savage on July 13, 2026 | Credit/Debt

Why is it bad for your credit to close a credit card?

Terry Says

A good part of your credit score is “length of credit history.” So if you have one older card, you might want to hang on to it, use it infrequently, and pay the annual fee.

money

ASK TERRY

a personal
finance question