Is It Better to Close a Credit Card

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If you dont use a credit card for a year or more the issuer may decide to close the account. In fact inactivity is one of the most common reasons for account cancellations.


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For example getting a personal loan to get your car repaired is probably overkill.

. If you need a relatively small sum of moneysay between 1000 and 5000a credit card may be a better option than a personal loan. To find the best credit card for you consider the credit limit youd like what you plan to use the card for and whether.


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