When a bank closes your credit card account, your credit score will most likely take a hit. That happens because the average length of your credit history will be affected. This factor alone comprises about 35% of your overall rating. Your credit score may also be affected if your credit utilization rate becomes too high.
You can gauge the exact impact of this closure by checking your credit score. WalletHub is the only site that offers free daily credit score updates as well as personalized credit improvement tips.
It depends. If the accounts closed in good standing then no you shouldn't have a negative report but if it was closed go to delinquency then yes, and a negative report will be given. Thank you and have a good day!
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