The Motley Fool Discussion Boards  Previous Page  Personal
Finances / Credit Cards and Consumer Debt   Subject:  Re:
question about credit cards Date:  6/26/2007  10:22 PM Author: 
SeeFoolRun Number:  254915 of 308881  Not sure what you mean by
"renew" it. As long as neither you nor the creditor cancel the
account, it will remain an active account - even if you don't
use it. At some point, they might cancel it for inactivity -
depends on their policy I guess.  As far as your FICO score, it
depends on a lot of variables if that would have a positive or
negative impact.  If you have too many revolving accts open,
closing it might help.  Generally, it will help leaving it open
& unused though. If it's an older acct, it is increasing the
average age of your accts. If it has a $0 balance it is lowering
your revolving utilization rate. These are good things. If it's
from a bank that does other things like mortgages & car loans it
might help later on having a long & positive relationship with
them.  If it has no ann