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Question By
glendamgomez

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I have several credit cards that have 0 balanse, is it bad if i close them?
and i recently opened a new credit card because it had no annual fee unlike the one i have now.

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Is is bad if you close them no, will your credit score go down YES!

Having Credit Cards that you do not use or don't use often is ok, in fact the longer a credit card account is open and in good standing on your credit report the better it is for your credit score. I have a number of Credit cards that have a 0 balance, but I use them once or twice a year to show a little bit of activity and pay them off when the statement comes in.

So place the Credit Cards in a safe place no need to have them with you all the time.

Hope that helps.

Credit History takes time, so does your Credit Score.

Reply by
glendamgomez

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Thank You so much!

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