Photo by MENE TEKEL

I have a credit card that I haven’t used in a long time. I just got a letter from the company saying:

“We’re writing to you because we noticed that this credit card account hasn’t been used for at least 24 months. We believe this may indicate that the account no longer meets your financial needs. With this in mind, the account has been closed.”

Translation:

“We haven’t been making any money off of you, and because you haven’t used your card in 24 months, FINALLY we’re allowed by law to close your account without notice. Go away now.”

Today’s quiz: what will happen to my credit score?

A) It won’t change, because closing an account that hasn’t been used in 24 months doesn’t make any difference.

B) It will go up, because now I have less credit available, and therefore less ability to go into debt.

C) It will go down, because my balance on my other card is now a higher percentage of my total available credit.

D) It will go down, because I’ve lost the history of timely payments on that account.

I don’t know the answer. Do you?