Is closing a credit card bad?
Closing a card can increase your credit utilization, which can hurt your score.
6 min read
Jul 18, 2024
Jennifer Gorman
EXPERTISE
- Personal finance
- Banking
- Credit repair
Jennifer Gorman is a freelance writer with more than a decade of experience covering personal finance and insurance topics, most recently for Assurance IQ and Credit Karma. She specializes in helping readers make sense of complex financial subjects, from choosing the right insurance policy to the ins and outs of credit repair.