Why Closing Credit Card Can Hurt Credit Scores- TheCreditpros

from The Credit Pros Podcast · host The Credit Pros

Closing a credit card can harm your credit score due to its impact on your credit utilization ratio, despite not affecting the age of your credit history. It's a common myth that closing a card boosts your score. Closed accounts remain on credit reports and contribute to the average age of accounts, but removing available credit increases utilization ratios. Only close a card if necessary, as it can negatively affect credit scores.

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This episode is 4 minutes long.

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This episode was published on July 25, 2025.

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