Quote:
Originally Posted by sxyblue
If anyone has knowledge, what is the best way to close out a CC? I have a card at Best Buy, which would negatively impact my credit least: wait for it to close on its own from inactivity or request to close it? I was also planning on getting the Amex Everyday card don't want too many lines of credit open at one time.
Thanks
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NEVER close a credit card!! It hurts your credit and raises your debt to credit ratio due to closing a card that has available credit. Pay the balance and destroy the card. The account will close after several years of non activity.
but never CLOSE A CC!