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smokeandkiwi

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If I transfer a credit card balance will that credit card be cancelled
I have 2 credit cards I would like to transfer to a lower interest card. If I do this will the 2 cards I transferred be closed.

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No, not unless the lender has a policy to. Very unlikely.

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Youdon't want them cancelled.

Part of your credit score is based on how much credit you have been granted.  Any time a card is closed, that credit limit is removed from your total and that reduces your credit score.

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They don't care how its paid.

And they don't close accounts for being paid off.  You want your cards to have 0 balances at least 3 or 4 times a year.  Paying them off helps your score.

Most credit card companies don't close credit card accounts unless you don't use them for a while, usually a couple of years.  Although, I have one account that is over 15 years old and I haven't used it in at least 12.  Still reports every month as "paid". 

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