Should I Close an Old Credit Card I No Longer Use?

Do you have an old credit card just sitting unused in your wallet, sock drawer, or wherever you keep credit cards that has left you wondering “should I shut down that old credit card”? A 20somethingfinance reader, Emily, writes in with a similar question, “Should I close an old credit card that I no longer use? What is the impact on my credit score?” It’s a great question – one that I have myself wondered previously as my credit card collection grew well into the double digits. And as with most things finance related, the answer is not so simple. The post...

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