Credit Score

does closing a credit card hurt your credit score

Yes, closing a credit card can temporarily hurt your credit score. This is mainly because it instantly reduces your total available credit, which increases your credit utilization ratio. If the card was one of your oldest accounts, closing it may also shorten your average credit history length, further impacting your score. The overall effect depends on your existing credit profile, but your score can recover if you continue to manage your remaining credit accounts responsibly.

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