Wednesday, January 18, 2012

What You Should Do With All Your Zero Balance Credit Cards

Managing credit cards is a huge part of your financial wellness, so optimizing the amount of credit cards and your access to credit is very important in establishing a good credit history in case you need a loan. 

What should you do with all your credit cards that sit dormant and have a zero balance? If you have ever wondered this, then you should be really careful before you cancel a card. While it is usually better to just leave the account open at zero balance, if the bank starts charging fees or if those cards at zero balance extend your available credit to too high a number, you may want to consider closing the account. However, be extremely prudent when you close a credit card because it can have adverse effects on your credit score.

[Click here to read more]

No comments:

Post a Comment

Thank you... retiring the blog... offering referrals in St. Louis and beyond

Hi... thank you for visiting my blog.  Also, thank all of you who have liked my St. Louis Facebook page(s)... please keep in touch. I hold...