Credit Report & Scores » Score Advice » 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.