Question:

Open or close?

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is it better to close an account that you have paid off or leave it open (i dont have any with annual fees)

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  1. Leave it open better for your credit score just dont apply more.


  2. Open is correct with less than 25% of the credit limit used.  That's straight from Suze Ormand.  Love her advice!

  3. open it looks good and you have it in case of an emergency

  4. open, looks good on a credit report

  5. definitly leave it open. closing a credit card account actually hurts your credit.
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