2 Replies Latest reply on Mar 23, 2017 5:37 AM by Kerry Hannon

    Hello, I've often heard that once paying off a credit card that you should not close it because it negatively affects your credit rating.  What are suggestions for handling a paid off account if you don't want to be tempting to charge to that card anymore

    B. H. L.

      Hello,

      I've often heard that once paying off a credit card that you should not close the account because it negatively affects your credit score.  I'd like to close some accounts altogether, but I don't want to lower my credit or FICO score.  What suggestions do you have to paid off credit card accounts? Also, does the non-closure apply to all types of credit cards i.e. store credit versus major cards like Discover, Visa, MC?