Credit Card

does closing a credit card not used increase your credit score

Comments(1)

  • flacorps10th November, 2004

    No.

    Using it occasionally and paying it will increase your credit score.

    Closing it is especially dangerous if it's the card you've held the longest.

    There might be some short-term increase in credit score if the card is among your newest cards.

    FICO gives more points the higher the average age of all your cards.

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