One card closure.

[princebychance]

I have two credit cards. First one is ICICI platinum CC which i have been using since 2021. Another CC is One card BOB. I am using it since 2023 December. I had taken it specifically for forex transaction for upcoming travel. But it doesn’t give much reward. It is a LTF card. Should I close it ? Will credit score be affected?

 

[zacobite]

why close if ltf.. kp it..credit score may drop

 

[princebychance]

why close if ltf.. kp it..credit score may drop

If i dont use it , thats okay right? No drop in score in that case

 

[zacobite]

If i dont use it , thats okay right? No drop in score in that case

it may.. 2 reasons.. cc closure and overall utilization going up as total credit limit will reduce

 

[amitvicky]

If i dont use it , thats okay right? No drop in score in that case

You can manage 1 transaction in 1 year to keep the card active.

And like @zacobite mentioned ...
Keeping (this) card will also help you in maintaining low credit limit utilisation