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Does Canceling Credit Cards Affect Your Credit Score?
- 2022/08/03
- 再生時間： 1 分
- ポッドキャスト
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サマリー
あらすじ・解説
Typically, leaving your credit card accounts open is the best option, even if you’re not using them. However, there are a few valid reasons for deciding to close an account.
Read on to learn what they are—and to get details on how to cancel a card the right way.
Learn more about this topic at creditcardmentor.blogspot.com/2022/08/Do…Score.html
Closing a credit card account is sometimes necessary, despite advice against doing so. A credit card can be canceled without harming your credit score; just remember that paying down credit card balances first is key. Closing a charge card won't affect your credit history
If your card issuer charges you a high annual fee for an account you don’t use, cancellation might be warranted. However, if you receive benefits from the account that outweigh the annual fee, such as travel credits and perks, it might be worth the cost.
Your credit score might be hurt if closing the card changes your credit utilization ratio. Credit utilization measures how much of your total available credit is being used, based on your credit reports. The more available credit you use the worse the impact will be on your score. Aim for a ratio of around 30%.