I have an unused credit card. Is it better for my credit score to not use it at all, or put a tiny amount on?

Question

I have an unused credit card, that I'm planning on keeping open just in case (it has a high credit limit). Is it better for my credit score to not use it at all, or put a tiny amount on each month (like $10). Thanks!

Answer 1

With a high credit limit your should keep the card if you control your spending & are not tempted to use it. Put a reminder on your calender & use the card once every 3 or 4 months to keep it active, paying it off as soon as you get the bill.

Answer 2

to build a good credit score you should put a small amount on then pay it off. but dont get in over your head. credit cards are the worst things to have.

Answer 3

It is better for you to put ten dollars on then pay it off at end of month.  I have already been down this road.  If you don't use the card you will still be charged a fee annually and it still shows up on your credit report.

Answer 4

Use it.

I have used two cards with cash back rewards for the last two years for almost everything I buy every month and pay them off in full before the due date.

I have not only raised my credit score almost 150-points but have made almost $1,000.00 in cash back rewards this last two years.

Not bad for using someone else's money for free.

Answer 5

Yes - you're on the right track...Charge little amounts..no more than 10% and pay the balance in FULL and on TIME.

This will be great for your credit payment history which really helps your score.