credit score?
if i keep it open does the intrest still need to be paid without me using the card

Salam

Credit card companies use your input in all relations.

If you shred the card but actually don't close it, its better. The reason is one of the things that effect the score is the length of time a person has credit. So if you close it, the history for that card stops 7 years from that day, where as if you don't close it but don't use it the card remains as a good standing credit in your history for rest of your life!


Shred it up so you'll never use it (its like closing it), but keep the account open



cheers

It will if you do not have alot of open accounts that you do not use. Remember the score comes with payment history. If you have had that card a long time it may be wise to keep it and rarely use it.

not much. The Credit Score is calculated with the following breakdown:
* 35% - Payment History
* 30% - Credit to Debt Ratio
* 15% - Credit History
* 10% - New Credit
* 10% - Credit Types in Use
I found interesting information about Credit Reports & options here. http://all-debt-consolidation-loan.blogspot.com/2007/08/credit-reports.html

Good question. The truth, however, is that once a credit card account is closed by the card holder, the credit card company would immediately notify the credit bureau(s) who, in turn, would then place it on your credit report.

To now answer your question directly: NO it doesn't positively affect your credit. If, however, you are desirous to improve your credit score with the same card, you could instead keep the account open, even though you have paid all the money that was charged on it.

By keeping the account open, you can begin to charge small amount each month such as 20% of your credit limit. This should place you in a more comfortable position in your ability to either pay it off each month or to pay 10% of the 20% charged. Doing this for a year without any late payment or exceeding your credit limit - and not opening any other credit account during the said period - will have a positive effect on your credit profile, that is, raise your score substantially.

I hope you find the above information useful. Best wishes!

RICHARD

It should not, but, if you don't pay on time on your monthly bills like apartment rent, telephone bill, water and electric bills, then your score will still be low.

El Griton advice is perfect. Keep it open shread card.
There should be no interest on it if you paid in full.
The only $ you could possibly owe tokeep the card (if balance zero) isif they charge a membership yearly fee. Most cards these days do not.