Is closing a credit card bad?
Closing a card can increase your credit utilization, which can hurt your score.
6 min read
Apr 18, 2025
Jennifer Gorman is a freelance writer with more than a decade of experience covering personal finance and insurance topics, most recently for Assurance IQ and Credit Karma. She specializes in helping readers make sense of complex financial subjects, from choosing the right insurance policy to the ins and outs of credit repair.
Closing a card can increase your credit utilization, which can hurt your score.
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