MemberSince99 wrote:I made the mistake of checking FICO for the first time in a week or so, and time and again people are asking permission over there to close some of their cards.
You know what they say about the definition of insanity...
Seriously though, while some thread posters are asking for permission not all of them are. myFICO has a lot of newbies that don't know much and want input since they're not sure about the pros and cons on all sides of a given action. It's not unusual at all for people to be afraid of the unknown whether it's in the credit world or with any other topic. Unfortunately, for some reason a lot of people (and this is not exclusive to myFICO) think that polling is the way to answer questions where subjective factors matter in finding the best suited answer for the individual.
I wouldn't just assume that the OP of that thread understands the full impact. There's just not enough information provided to make such an assessment. I have cards that are essentially unused I but I do have a use for them in that they pad my utilization since they have decent limits and I have no problems monitoring these accounts. The ignorant aren't always aware of the impact of utilization and may not be considering it. The OP that thread does not specifically state anything in that regard or provide other information that would really help in guiding the OP to one decision or the other.
MemberSince99 wrote:having to remember to use it and pay it every now and then is a PITA. Not to mention the potential for fraud on a SD card.
Again, you can't just assume that everyone is in your boat with the same preferences, ability, etc. The number of accounts that one can manage and monitor will vary from person to person. Whether one wants to keep as many tradelines open as possible or close as many as possible will vary. Whether or not one is willing to maintain minimal activity to keep an account open will vary. There isn't just one answer that best fits everyone asking that question. It might make sense for a given OP to close the account but it might also make sense for the OP to keep the account open. One really has to dig in deeper and consider the person asking the question to make a meaningful suggestion whereas simply responding with one's particular preference may provide a suggestion that isn't relevant to the person asking the question.
You are correct in that "keep everything open" isn't a useful response to such a question. However, neither is "keep everything without an AF open" or even "close everything that you aren't using". But any response to any question on any topic that assumes that everyone is identical is a useless response. People vary and the best decision for an individual will depend on how those variances factor into the decision.