Your old unused credit card might be
taking up space in your sock drawer, or even your wallet, but closing that
account is usually not a good idea.
People close credit cards for many reasons:
They have trouble controlling their credit card spending
They aren’t using the credit card often
They don’t want to pay an annual fee
They don't find the rewards beneficial
They think that it gets rid of the debt (it doesn't)
They had a bad experience with the
company they took personally
You should always try to keep your oldest credit card account open if possible. It
shows credit issuers that you are able to handle credit responsibly and will
only help to improve your credit score. Having a good credit
score will provide you with the best interest rates on mortgages, auto loans,
and give you access to the best new credit cards.
like to periodically discuss different ways to earn free airline miles. These free miles are equal to free
money, and will add up to help you on your way to earn free travel.
Audience Rewards offers
an easy way to earn free miles every few weeks. It is the first national rewards program for the arts and
the Official Rewards Program of Broadway.
With Audience Rewards you earn 2 types of rewards: ShowPoints and partner
points with partner programs including: Delta, United, US Airways, Starwood
Preferred Guest, and more.