Credit card companies cancel accounts - KWWL - Eastern Iowa Breaking News, Weather, Closings

Credit card companies cancel accounts


(AP)-- There's a message being sent by credit card companies to cardholders: use it or lose it.

Companies are canceling accounts that have been inactive for a year or more.

They say the inactive cards carry a real risk of fraudulent use and potential liabilities for them.

Users should know that even if their credit's good, if a company closes a card it dings your credit score.

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