An unused credit card may seem unnecessary, but closing it can reduce your total available credit and increase credit utilisation. Before cancelling a card, borrowers should consider its annual fee, benefits, credit limit, outstanding balances and role in their credit profile.
​An unused credit card may seem unnecessary, but closing it can reduce your total available credit and increase credit utilisation. Before cancelling a card, borrowers should consider its annual fee, benefits, credit limit, outstanding balances and role in their credit profile. by Soban News (international And National News)
