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In response to
"canceling cards has a big effect on your credit score, afaik -- nm"
by
y kant pixie read
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I've failed to find a clear answer on this. I believe canceling older cards can hurt you (because average age of credit drops)
Posted by
ty97
Jan 6 '11, 14:08
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But if you cancel a card that's at or below your average age of credit I don'd understand why that would hurt. (Note: I'm not saying it won't hurt, I just can't imagine any logical reason it would hurt instead of help, since you are lowering your total outstanding available debt)
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Responses:
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