Thinking of closing a credit card? Here’s how it impacts your credit score
A credit card closure can alter the credit mix, reduce credit ageing, increase the credit utilisation ratio, or halt the progress in building a credit score and history. These can result in a marginal fall in the credit score.
A credit card closure can alter the credit mix, reduce credit ageing, increase the credit utilisation ratio, or halt the progress in building a credit score and history. These can result in a marginal fall in the credit score.
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