What to do with all those unwanted cards

I recently saw a Seinfeld rerun where George tried to add a slip of paper to his bulging wallet causing it to explode. Considering the statistics, I'm guessing you can relate.

According to the New York Times, a stack of all credit cards currently held by Americans would reach more than 70 miles into space — and be almost as tall as 13 Mount Everests. Even more shocking is that there are 10 billion new cards placed into circulation every year.

No matter how you look at the numbers, the fact that there is a lot of plastic out there. Unfortunately, most credit cards are made of PVC, a petroleum-based plastic that is not recyclable. Fortunately, there are some uses for those old, unwanted credit cards. 

  • Practical. For example, I often use mine to scrape off stubborn price stickers. I've also been known to use them to scrape ice from a windshield.  According to CreditCards.com, you can also use your credit card as a bookmark or guitar pic. The Scavenging blog recommends using old credit cards in place of lost or crumpled Monopoly money.
  • Artistic. Many people have found artistic ways to reuse old cards.  For example, check out this collection of amazing credit card art.  Would you believe that I once covered a giant owl in credit card "feathers" as part of a parade float?
  • Educational. Give them to the kids to play "store."  It's probably more realistic than giving them paper money and can provide many educational opportunities.
  • Motivational. If you've struggled to pay off credit debt, put the old paid-off cards where you'll see them regularly as a reminder of your accomplishment (and a reminder to avoid overspending!)

Of course, you should only reuse cards from closed accounts to prevent identity theft

I admit that the suggested reuses for old credit cards may be a bit too "creative" for most people.  Therefore, perhaps the best thing to do is to limit the number of cards you carry.  While using credit wisely is good for your credit score, no one recommends filling you wallet to the brink of explosion.

 

Kim McGrigg is the former Manager of Community and Media Relations for MMI.

  • The Consumer Federation of America (CFA) is an association of nonprofit consumer organizations that was established in 1968 to advance the consumer interest through research, advocacy, and education. Today, nearly 300 of these groups participate in the federation and govern it through their representatives on the organization's Board of Directors.

  • Since 2007, the Homeownership Preservation Foundation (HPF) has served as a trusted, neutral source of information for more than eight million homeowners. They are partnered with, and endorsed by, numerous major government agencies, including the U.S. Department of Housing and Urban Development and the Department of the Treasury.

  • The mission of the U.S. Department of Housing and Urban Development (HUD) is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD works to strengthen the housing market in order to bolster the economy and protect consumers; meet the need for quality affordable rental homes; utilize housing as a platform for improving quality of life; and build inclusive and sustainable communities free from discrimination.

  • The Council on Accreditation (COA) is an international, independent, nonprofit, human service accrediting organization. Their mission is to partner with human service organizations worldwide to improve service delivery outcomes by developing, applying, and promoting accreditation standards.

  • The National Foundation for Credit Counseling® (NFCC®), founded in 1951, is the nation’s largest and longest-serving nonprofit financial counseling organization. The NFCC’s mission is to promote the national agenda for financially responsible behavior, and build capacity for its members to deliver the highest-quality financial education and counseling services.