Question posted by donna10 on September 25th, 2013
Do Closing Credit Card Accounts Affect My Credit Score?
I have several credit cards and am wondering if I close them out, does that affect my credit score? I pay the balances in full each month, so I carry little credit debt other than a vehicle.
Current Answers
Answer #1: Posted by bernadette2013 on September 25th, 2013 12:35 PM
bernadette2013
Member since:
September 7th, 2013 Points: 485,260
Member since:
September 7th, 2013 Points: 485,260
To close a credit card without it affecting your credit score, you need to have a zero balance on your credit report for all of your active credit cards. This information will remain on your credit history for 10 years from the date of closure of your credit card.
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