A historically large share of retirees have credit card debt, ... cut up that card! ... 30% of over-75 households reported credit card debt in 2022, up from 10% in 1989.

Your length of credit history makes up 15% of your credit score, and it includes the age of your oldest card, your newest card and the average age of all your cards. A longer credit history can ...

Cut It Up, Even If It’s Expired. Despite the many protections credit card issuers offer these days, yes, you should still cut up your old cards. I verified this with Robert Siciliano, ...