Opened Credit Cards Christmas Discounts Close Them Hurt Credit Score
I found myself into opening a credit cards around Christmas when offered 10 to 30 % discount. Being that I know I won’t use them, I feel I need to close them and kick the habit of opening new ones.
Will it hurt my credit if I close these credit cards?
I do have a visa that I only keep for emergencies, which happens to be with the credit union I bank with and I do use off & on when I order on line. That’s the only one I would like to keep.
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Yes it will hurt your credit report and credit score
Keep your credit cards open but don’t use them much
You will need to use them once every three 3 to four 4 months to keep a good rating and stay in good standing with the credit card company.
Just charge a small amount and pay it off every.
But whatever you do, do not close those credit cards.
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