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Question By
Darface

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How do you close a credit card without it affecting your credit score?

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You need to figure out what make credit scores tick when you close a credit card, you can take step or two to lessen its impact. It usualy related to your utilizations and number of accounts....If you have 20 credit cards, closing couple of them won't hurt much if any, especially when the utilization percentage remains the same.

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Reply by
JohnnyRain127

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Just to add... Personally, If a credit card(s) cost me money with high annual/monthly fees and I got couple of better cards since or it's been difficult to deal with its issuer? I would not hesitate to close them, even if it cost me 5~10 points.

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You don't.  Please read the articles on this site so you can get a clear understanding of how credit works.  This information will benefit you for the rest of your life.

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