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Thread: which is better??
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03-24-2010, 06:38 PM #1Registered User
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which is better??
Is it better to close out an inactive credit card or to "file" the inactive card and risk a closure by the company in a few months?? Is there a difference on the credit score or would it be equal??
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03-24-2010, 06:45 PM #2Registered User
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I think it was better to have the card issuer cancel the card due to inactivity vs you closing it which lowers your credit score but only temporarily. If you have a high'ish score, then this shouldn't be a huge worry?
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03-24-2010, 06:46 PM #3Registered User
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Supposedly if the company closes the account it doesn't look as "good" as if you closed it yourself.
However, I'm done with credit cards and I tend to use them if they are still available so I'm closing the accounts immediately. I don't care about my credit card score right now as I'm just trying to overcome my bad habits.
This website lists 5 common questions and one of them is your question: Closing credit card dings credit scoreLDR
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