Maintaining a zero balance on a card is a way to provide for an emergency. Closing an unused account can hurt your credit score in the short term, as it causes a drop in your available credit. Some card issuers require a minimum amount charged each month or year to keep the card active. If that is the case, consider using the card for a recurring expense, like your cable bill, each month. Pay it in full and you will be sure that the account will stay open and active.
It’s always beneficial to learn something new! At the Sonoma Palms Apartments in Las Cruces, New Mexico, we love to provide you with thought-provoking facts that will make you reflect on different aspects of life.