What happens to your credit score if you close an unused credit card

Reasons why customers close credit cards include high annual fees, rewards program devaluation, withdrawal of some features, the credit limit is low, etc. Closing old credit cards increases the credit utilisation ratio and reduces the credit history length, impacting the credit score negatively.

​Reasons why customers close credit cards include high annual fees, rewards program devaluation, withdrawal of some features, the credit limit is low, etc. Closing old credit cards increases the credit utilisation ratio and reduces the credit history length, impacting the credit score negatively.