[quote=moneymaker]Ok, so i just checked my annualcreditreport and no one is stealing my identity but did notice 3 inquiries by 3 credit cards that I have no balance on. I have kept them because I heard that if one cancels them then you get dinged on credit report, but if I’m getting dinged any way because of some automated inquiry that they are making then it pisses me off and i think I should cancel them. I’m not planning on any major purchase in the near future, it is just not right! What think Ye Piggs should I cancel or keep credit cards with no balance?[/quote]
Those may be “soft” inquiries, which don’t affect your score. At a wild guess, it was one of those automatic limit increase reviews that credit card issuers sometimes do. You have to deliberately authorize hard inquiries, which do ding your score. If they are hard inquiries, the banks will have them removed at your request.
I keep my oldest credit card accounts open, even though I don’t use them. Age of accounts matters.
