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Thread: Unused Credit Cards

   
   
  1. #1
    dd128 is offline White Belt
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    Feb 2010
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    Default Unused Credit Cards

    Hey, new around here, but had a questions on credit cards I never use.

    Between 2 the lines are around $10K, I opened them a couple years back in college to buy various items with 0% apr and got whopping credit lines. Anyway, I paid off the balances and really never use them anymore. Interest rate used to be good, now went up to 15% so also a reason why I don't want to use them.

    Just wondering if it's better to leave the lines open unused or close them? I'm worried about my credit score going down with my overall unused credit declining...Should I buy an occasional weeks of groceries on them to keep them used or would that even make a difference?

    Thanks!

  2. #2
    Magic69's Avatar
    Magic69 is offline Green Belt  
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    Default

    I'd just leave them open myself. I have a similar situation and my scores are pretty good. I think open lines in good standing are a good thing and can only help.

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