I got a letter from my bank telling me they were cancel to close one of my two credit cards due to inactivity. They also stated that, even if I were to start using it, it will still be cancelled.
I had heard that one should not cancel credit cards, even if they were not used, because it helped your credit rating just having them, and this is my oldest card, with the highest limit.
Anybody have any idea if this will affect my credit rating?
I had heard that one should not cancel credit cards, even if they were not used, because it helped your credit rating just having them, and this is my oldest card, with the highest limit.
Anybody have any idea if this will affect my credit rating?