Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Question

Share this question with others: Share on Facebook Share on Twitter

Profile Image
Should I closed my old credit card accounts?
Good question? +1 Star this

I see lots of conflicting advice so I am a bit confused.

Asked by AppleRules 2 months ago Flag this question Flag this Question

Response

1 response

Generally closing old accounts is bad for you. Unless the card has a high annual fee or some other hidden cost it is often better to keep your credit cards open.

Reply

hardeight 2 months ago

  • Prev
  • 1
  • Next

Reply To This Question


Submit Your Response
Receive Response Email Alerts

We'll alert you when a response is posted to this question .

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.

Let the community lend a hand!


100 Characters Remaining

Credit Card Offers Just For You

These are the most popular credit card offers from Credit Karma members with credit similar to yours.

Public Savings Bank Secured Visa

Public Savings Bank Secured Visa
Apply Now
  • Build credit history – we report to all 3 major credit bureaus
  • 0% APR on all purchases for the first 6 months
  • No annual fees or monthly maintenance fees

Orchard Bank Classic MasterCards

Orchard Bank Classic MasterCards
Apply Now
  • Acceptance at millions of locations worldwide, including website purchases and reservations
  • Your account information is updated and at your fingertips 24/7 so you can manage it your way
  • Email and text messages to remind you of your upcoming payment due date with online enrollment

Capital One® Secured Mastercard®

Capital One® Secured Mastercard®
Apply Now
  • Automatic reporting to the 3 major credit bureaus
  • Track credit with access to your credit score and other tools
  • You may qualify for credit line increases with no further security deposit required
See More Credit Cards...