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💳 Thinking about closing a credit card? Here’s why you may want to think twice
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👉 It can hurt your utilization ratio. Closing a card shrinks your available credit, which can spike your utilization percentage.
👉 It may erase years of credit history. If it’s your oldest card, shutting it down could shorten your credit age and lower your score.

💡 Instead of closing the card, consider keeping it open and managing it responsibly. Protect your utilization and your history — they’re key parts of a healthy credit profile.

#credittips #creditscoretips #smartmoneymoves #financialfreedom #finance101 #moneymatters #GoodCredit #creditawareness #creditrepair #wealthbuilding
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RYD date created : 2025-10-05T20:45:06.9465052Z
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