• Skip to main content
  • Skip to primary sidebar

Ask Liz Weston

Get smart with your money

  • About
  • Liz’s Books
  • Speaking
  • Disclosure
  • Contact

Q&A: Card closure reasons don’t matter

March 11, 2024 By Liz Weston

Dear Liz: Does the reason for a credit card closure affect credit scores? I’ve had retailers close a card simply because it hasn’t been used for a period of time, not because I mishandled the account.

Answer: Credit score formulas don’t distinguish between accounts closed by the consumer and accounts closed by the issuer. The closed account can still ding your scores, but you won’t suffer an extra blow because the decision to close wasn’t your own.

Related Posts

  • Q&A: Don’t close that credit card

    Dear Liz: I’m debt free with a comfortable income and excellent credit. I just got a…

  • Find a better credit card

    Dear Liz: One of my credit cards offers mediocre rewards — mainly an online store…

  • Opt out of credit card offers

    Dear Liz: I am receiving many unsolicited credit card offers in the mail and am…

  • Why traditional credit scores still matter

    Researchers and startups say all kinds of weird data can predict your creditworthiness. What kind…

Filed Under: Credit Cards, Credit Scoring, Q&A Tagged With: closing credit cards, Credit Cards, Credit Score, Credit Scores, credit scoring

Primary Sidebar

Search

Copyright © 2025 · Ask Liz Weston 2.0 On Genesis Framework · WordPress · Log in