Should I cancel credit cards I don’t use?

It is considered best practice to always have at least one credit card account open, even if the card is not currently being used. Because of this, you will be able to take advantage of a longer credit history on average as well as a greater amount of credit that is available to you.

If you have credit accounts that have been open for a long time and if you only utilize a small portion of your available credit, credit scoring algorithms will award you a better score than someone who does not meet these criteria. In addition, having a card that is paid off might help boost your credit card usage ratio. This ratio indicates that you have access to credit, but you are not making full use of it, which is a positive indicator

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