25d • General discussion
📈 Credit Tip of the Day
A credit card with a $0 balance can actually help your credit score.
Many people pay off a credit card and then close the account, thinking it's the best move. In reality, keeping an older credit card open can help by:
✅ Preserving your credit history
✅ Increasing your available credit
✅ Lowering your overall utilization
Just make sure the card doesn't have an annual fee and use it occasionally for a small purchase to keep it active.
Before closing any credit card, consider how it might affect your credit profile.
Have you ever closed a card and seen your score drop afterward? Share your experience below! 👇
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📈 Credit Tip of the Day
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