Blog » Video » Video: Does It Hurt My Credit Score to Cancel a Credit Card?

Video: Does It Hurt My Credit Score to Cancel a Credit Card?

Conventional wisdom might suggest that closing a credit card could help your credit scores, especially if your plan is to trim your spending. But consider both sides of that decision carefully before taking action: discover how closing a certain kind of credit card account might have the opposite effect on your credit from the one you intended.

Want to learn more about what does and doesn’t impact your credit score? Watch more here.

Review Your Free Experian Credit Report Today

Good credit begins with knowing where your credit is today. Get started with your free Experian Credit Report, updated every 30 days on sign in. No credit card required.

Get Started for Free

Credit Education

Get Your Free Credit Report

View your free Experian Credit Report every 30 days on sign in.

No credit card required.

Get Started for Free

7 Things You Need to Know Before Freezing Your Credit

Thinking about freezing your credit? Find out the seven things you should consider before taking any action.