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re: Credit Card Rewards and Points Discussion

Posted on 8/3/16 at 9:09 am to
Posted by Azazello
Member since Sep 2011
3186 posts
Posted on 8/3/16 at 9:09 am to
Looking through my stack of CC and I have a few that I haven't used in forever. I have a Sam's club CC (I use Costco now) and another from Synchrony bank - which I haven't used in 3 years and don't plan on using it again.

Should I close these cards or keep them open?
Posted by GenesChin
The Promise Land
Member since Feb 2012
37708 posts
Posted on 8/3/16 at 9:51 am to
quote:


Should I close these cards or keep them open?


If they don't have fees, it would be unlikely to harm you to keep them open. If you make a small purchase every 3-4 months or set up small autobill/payment on them, you'll ensure they report to CC agencies


The Sam's club card should get you 5x on gas which should be attractive though
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