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Question By
firestonenot

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Should I cancel my Fiestone car?
I rarely use it and always has a zero balance

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Top Contributor
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Good that it has zero balance, since you want to get ALL credit cards paid off as quickly as possible.  Good that you rarely use it.

But, what is the available credit oin that card?  That, added to the credit limits on all other cards has an important impact on your credit score.  If you cancel it, that amount of credit will be removed from your available credit and you may take a bit of a drop in your credit score.

Might want to consider just keeping it locked up in a safe place until you need it.

Top Contributor
497 Contributions
1203 People Helped

Don't cancel it, it will hurt your credit score by potentially increasing your credit card utilization and lowering your average account age. Instead use the card a couple times a year for a very small purchase to keep the account active or set the card aside for emergencies only and let the creditor decide whether or not to close the account due to inactivity.

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