Your credit score is also partly determined by how long you’ve been borrowing (see slide 1), so closing a card with a long history of positive behaviors (like paying bills on time) can remove the benefit of your long credit history.
Your credit score is also partly determined by how long you’ve been borrowing (see slide 1), so closing a card with a long history of positive behaviors (like paying bills on time) can remove the benefit of your long credit history.