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Question By
Capeann6358

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customer closing a credit card in good standing?
If a customer closes a credit card in perfect standing, zero balance does that effect a credit score in anyway? Is it ok to leave a credit card
with a zero balance in perfect standing on your
credit report?

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A credit score model is not designed to factor in whether a credit account is closed by customer or granter; therefore it will have no effect to your credit score. However, there are some other factors that may lower your credit score by closing a credit account, such as overall credit history and credit utilization.

I am not quite sure about your second question. Do you mean you don't use the credit card at all and leave it as zero balance? It is OK to leave a credit card with a zero balance in good standing. Just be aware of some banks that may close your account if you have no activities for more than a year.

Reply by
fisinc

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Enter Your Reply Got new card with higher limit lower rate. Should I keep two other card with lower limits open or close them. will closing them hurt my credit score?

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