Should I close old credit cards?
Quick Answer
Generally no. Closing old credit cards reduces your average credit age (–15% factor) and shrinks total available credit (raising utilization). The exception: if the card has a meaningful annual fee you don't use.
Warren Team
Updated February 11, 2026
34
Warren Team
Updated February 11, 2026
34
Important Disclaimer:
The information provided is for educational purposes only and should not be considered as personalized financial advice. Warren is a registered investment advisor. Past performance does not guarantee future results. Please consult with a qualified financial advisor before making investment decisions.
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