Use Recurring Charges to Keep Old Credit Cards on Your Credit History

Paying off your credit cards and getting out of debt is a great feeling.

But what do you do with the old cards?

Rather than close your cards, set up a single, recurring charge that automatically gets paid off.

As personal finance blog MoneyNing explains, closing your old credit cards can be a very poor decision.

If you close your card entirely, that all goes away.

That allows us to hold onto all the good work he has done without seriously inconveniencing ourselves.

Of course, this applies most to older cards with a long history.

What to Do With a Credit Card You Dont Use| MoneyNing

Photo bySean MacEntee.