By Lynnette Khalfani-Cox March 25, 2022
Credit cards can be handy financial tools that build your credit score and tide you over in emergencies. But as life changes, so do your credit needs. But what happens to your old cards, the ones you pay off and toss in your junk drawer? Those inactive cards could actually ding your credit, a problem that no one needs.
Unfortunately, credit cards can’t hang in the background forever, idly boosting your credit score without ever leaving your wallet. After a long enough period of inactivity, the issuer will eventually cancel your card. The exact time frame can vary from six months to a year or more — but it will close eventually.
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