“the banker the company used, told me that most people make the mistake of canceling their credit cards instead of keeping a balance.”
Total BS!!
I’ve never carried a balance on a credit card and MBNA wouldn’t tell me what my credit rating was only to say it was in the top 5%.
The reason he wouldn’t tell me is because i’m too cheap to pay $7 to find out.
From a credit score perspective there’s a difference between having a card but never carrying a balance and outright cancellation of the card.