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Garbanzo19

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Once you have paid off a credit card, is better to close it or leave it open?

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Leave it open!!!

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You were granted a line of credit when you got that card.  That plus the time you have had the card are important factors in computing your credit score.  The more credit you have and the longer you've had it, the better your score.  You hurt your score when you close a card.  Just keep it locked up in a safeplace if you don't plan on [using it again.  And please, re-read the articles here so you can refresh your knowledge of how credit works.  That is what this site is all about.

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