Does Closing A Credit Card Hurt Your Credit? Best Guide 2023

from The Credit Pros Podcast · host The Credit Pros

Closing a credit card can negatively impact your credit score by affecting your credit utilization ratio and the average age of your accounts. However, in certain situations like divorce, high fees, or overspending temptation, closing a card may be justified. Proper closure involves redeeming rewards, paying off balances, confirming a zero balance, and checking credit reports.

Episode metadata supplied by the publisher feed · Published Jul 25, 2025

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Does Closing A Credit Card Hurt Your Credit? Best Guide 2023

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