Ask Stacy: Should I Cancel My Unused Credit Cards?

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Welcome to “Ask Stacy,” a brand new video function on Cash Talks Information. Most weekdays, I’ll reply a cash query despatched in by a reader or viewer. (Discover ways to ship in a query of your personal under.)

At this time’s query is one I get requested typically: Do you have to cancel unused bank cards? It appears easy, till you notice that the size of your credit score historical past performs an element in your credit score rating.

Right here’s what I feel.

We’ve all types of extra bank card recommendation. For extra data on this subject, try “Ask Stacy: Will Canceling Credit score Playing cards Harm My Credit score Rating?” For those who’re looking for a greater bank card, go to this web page of our Options Heart. For anything associated to bank cards merely go to the highest of the web page and do a seek for “bank card.”

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The questions I’m likeliest to reply are these that can curiosity different readers. In different phrases, don’t ask for super-specific recommendation that applies solely to you. And if I don’t get to your query, promise to not hate me. I do my finest, however I get much more questions than I’ve time to reply.

About me

I based Cash Talks Information in 1991. I’m a CPA, and have additionally earned licenses in shares, commodities, choices principal, mutual funds, life insurance coverage, securities supervisor and actual property.

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