Comments

You must log in or register to comment.

Werewolfdad t1_iub0pty wrote

If you’re not responsible enough to use credit cards, freeze one in a block of ice for those fee times you really need one

6

fawningandconning t1_iub0og8 wrote

Ideally if you're back in control of your financial life, you should keep one or two around. Other than that you should close the rest to reduce the risk of fraud or a payment going through that you may miss.

3

93195 t1_iub8fe2 wrote

You do need a credit card for those things, car rental in particular. Many won’t rent without one, debit cards not good enough.

While you may not care about your credit score now, you may later if you want to buy a house or other major purchase.

Just throw them in the back of a drawer.

3

NotYourAvgHomoSapien OP t1_iub9pbd wrote

I’ve made all of my major purchases and am debt free, I no longer finance anything and just pay cash. My biggest concern is leaving them open and being vulnerable to identify theft.

2

93195 t1_iubcr9p wrote

If you’re not taking out new credit, freeze your credit. Do that whether you leave these open or closed. A credit freeze won’t stop someone from hacking and fraudulently using the ones you already have, but there’s fraud protections for that.

3

shadow_chance t1_iuguq0j wrote

You're vulnerable to identity theft regardless of whether you have any active credit cards.

1

VVKoolClap t1_iub2qgw wrote

If you don’t care about credit, just close them. For car or hotel rentals, just keep the one that has no annual fee

2

ahj3939 t1_iub9ln7 wrote

If you pay your hotel or car rental with a credit card they won't even run a credit check.

The main thing is to watch your spending and pay your credit cards in full every month. In fact if you rarely use your cards you might find that you don't look at your statements too often and end up getting hit with late payment fees for unexpected charges.

2

BoneThrone92 t1_iubdmb9 wrote

I have one that utilites are on. But everything besides utilities are on my debit card. Most won't admit it but unless you do a real budget you'll spend more on a credit card.

1

ChiSquare1963 t1_iubiu93 wrote

I use one card for a subscription service and one for curbside grocery pickup, paying them off monthly. That keeps them active so I have when needed for travel expenses. One is locked up in my home filing cabinet. The other is wrapped in a long strip of paper in my wallet, so I have to unwrap it to use. The wrapping is a reminder not to use the card frivolously, because after two decades being debt free, I still need that reminder occasionally.

1