11d • General discussion
Do You Know?
💡 Did you know?Closing old credit cards can actually hurt your score instead of helping.
👉 Why?
- You lose that card’s credit history and length of history makes up about 15% of your score.
- You also lose the card’s available credit, which makes your credit utilization go up (and that’s 30% of your score).
✅ That’s why it’s usually better to keep old cards open, even if you don’t use them often. Just keeping them active with a small purchase every now and then can help your score long-term.
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Do You Know?
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