What do I do with unused Credit Card accounts?
We have a few unused Credit Card accounts that will remain unused because of high interest rates. If we cancel them it will mess up our credit score. whay shoulds we do , just sit on them?
The Answer : If you aren't paying any fees (annual or monthly) keep them and let them continue to help your scores.Just because they have a high rate of interest does not mean that you cannot use them.
As long as you pay in full when you get the statement, the interest will not affect you.Use them for something minor that you would normally pay cash for (like - gas, a hamburger, etc) and set the cash aside until you get the statement.
No comments:
Post a Comment