Skip to main content
January 29, 2020
Question

Credit Score

  • January 29, 2020
  • 1 reply
  • 0 views

Will Canceling A Capital One Card Account Affect My Credit Score Bad If I Pay The Balance Off And Cancel It ?

1 reply

Employee
January 29, 2020

Cancelling a credit card can hurt your credit score due to the lowering of your overall credit limit and thus increasing your credit utilization rate.

 

See https://www.nerdwallet.com/blog/finance/does-closing-a-credit-card-hurt-credit-score/