About Author

Casey is a seasoned writer in personal finance. He has written a number of articles that have been published in magazines and blogs around the country. His advice has helped millions make better choices about how they save their money.

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  • Kevin

    Use them or lose them. Not using your credit cards may actually hurt your score over time. I had been an original cardholder of the Universal card offered by AT&T. I began using other rewards cards, and kept the account open for emergency needs. The bank closed the account for inactivity. I had two other cards with very high limits (the banks just kept raising my limit over time without my asking). I used the cards, but nowhere near the limit. When the financial crisis hit both banks dropped my limit by 80%. My behavior did not change, but my credit utilization percentages climbed – because my limits were reduced, and one card account was closed.