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I also have a Target card, which I got to obtain a 10% discount on a Target purchase. I never use this card. I also have an Amazon.com card. Ditto.

Is it harmful to my credit to carry these inactive cards? Should I destroy them? Should I contact the issuers, and formally inactivate them?


Assuming you have no near-term needs to initiate new borrowing, I favor contacting the issuers and formally cancelling the accounts.

From a conservative standpoint, this means two fewer cards that have some miniscule amount of risk of being used fraudulently. You don't have them, they can't bite you.

From an aggressive standpoint, it means that you no longer have accounts with Target or Amazon, and you can sign up for a card from them to get the next 10% discount they offer that way. Just don't do this so often that it messes up your credit score when you really need to borrow money.

Patzer
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