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sjjl1949

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What is the best way to cancel a credit card?
I want to cancel or close all but one credit cards, but I don't want this to affect my credit.

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Well you can cancel the cards easily by contacting the credit card company but it will definitely affect your score. Closing accounts not only reduces your overall number of accounts and may also impact your average account age.

Is there a reason you need to close them? If they don’t have annual fee associated with them, just use them on occasion to show some activity.

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Doing this would affect your credit in a NEGATIVE way. Do some reading on all of this before you take any action.

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