I have a Furniture Store Credit Card that I opened in order to purchase my dining room table. However I do

Question

not use it and the card is paid off and has been for 2 months. I was thinking about closing it because I dont want to have a lot of open credit cards on my records. I have 2 other credit cards a visa and one for emergencys that sits in the safe. Should I close my furniture card? I opened it about 10 months ago.

Answer 1

I would leave it open, just to keep my credit score high. If you close it, it will hurt your score a bit.

But if you are not in the market to buy anything major in the next year or so, or you just don't want to leave it open anymore, close it and cut it up.