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jakejoyner3

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Once I get my credit card balance down to zero, is it better to cancle the card or keep it?

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If you keep them, even if just to put them in a drawer, just keep an eye on the accounts to verify no one starts to charge on them.

Assuming no annual fee.

Now, if you have issues of spending too much, probably not.  But then you probably wouldn't have paid them off either.

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Keep it! Closing it will most likely hurt your credit.

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I guess you did not read the articles which explain what is necessary to build a good credit score.  Part of thsat score is based on how much credit you have.  You don't have to be using it all, just have it available.  Each credit card has a maximum approved spending limit.  When you have several credit accounts, the total of those credit limits adds up and helps your credit score.  Now, if you close any card, you remove that card's credit limit from your total which will reduce your credit score. How about taking the time to read the articles here so you can really understand what is necessary for good credit.

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