I just got off the phone with my bank manager. He said that they are canceling credit cards with no recent usage or balance. He also said that may change after the first of the year. They may also lower credit limits on cards with low usage or balances.
It makes it a double hit. Pay off your credit cards but keep them for emergency use and they may be canceled. Keep a high balance and you get hit for the interest. Also, your credit score will go down if cards with zero balance get canceled because part of the score is the percentage of total available credit to current percentage of that available credit being used.
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