You folks have been extremely helpful clarifying these things for me. Now that I'm more aware of these things, I can manage my money better. I have another credit card, which expires in 1 more year, with no balance on it and less available credit than my "main" one with a balance and 20% APR. I have 1 more question. Dad_of_four, when you say to not close unused cards (unless they carry an annual fee), would letting the card expire count as closing it? I'm only asking because I've never been close to credit card expiration dates so I don't know if the bank calls you and gives you the option of renewing the card or "closing it."