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Should I cancel my credit card?

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  • #16
    Originally posted by moneysma View Post
    I have a few open accounts, but I only use 2 cards. The ones I don't use I just place in my safe an forget about them. The other 2 that I do use, I make sure to just pay the balance in full each month. My credit score is roughly 800.

    I see no harm in keeping the cards open, just put them away/destroy them so that you aren't tempted.
    Agreed... although i ended up cancelling all of mine about 4yrs ago as i don't have a need for them anymore! Have to admit that my credit rating is quite poor at the moment but i won't be applying for credit anytime soon so that's not really an issue in the foreseeable!

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