To Close or Not to Close...?

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I have three credit cards and a good credit score. One of them I haven't used for a few years (I got it for the free airline miles). It is not my oldest credit card. There is no balance on it. It has a $2000 credit limit. The other two cards have around $4000 credit limit each.

Which is likely to be worse for my credit score--closing the card I don't use or keeping it open and not using it at all? I'd rather do one of these options rather than charge a little on it each month, unless doing so will greatly affect my credit score.

Opinions?

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  • You-kip
    You-kip Posts: 499 Forumite
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    pfp wrote: »
    I have three credit cards and a good credit score. One of them I haven't used for a few years (I got it for the free airline miles). It is not my oldest credit card. There is no balance on it. It has a $2000 credit limit. The other two cards have around $4000 credit limit each.

    Which is likely to be worse for my credit score--closing the card I don't use or keeping it open and not using it at all? I'd rather do one of these options rather than charge a little on it each month, unless doing so will greatly affect my credit score.

    Opinions?

    Am I right in saying that the credit scores in Yank Land are more on the ball when accessing your credit report then the UK one.
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