WebHow Canceling Your Unused Credit Card Impacts Credit. It might sound counterintuitive to keep a credit card account open if you're not using it. That's especially true if you believe closing an account will keep you from overspending—which is a sound impulse. But closing a credit card could negatively affect your credit score. Here's how: Web5. Pay off your balance. Closing a credit card won’t resolve any outstanding debt. If you leave a balance on your credit card past the grace period, your creditor could charge-off …
I canceled my oldest credit card. My credit score barely changed.
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Will Canceling a Credit Card Hurt My Credit Score?
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