Will canceling a credit card hurt my credit score?

will cancelling a credit card my credit score you can will having a high amount of unused credit card available to you through a lot of cars in devon lee work against you closing a credit card once you pay off isn't always the right choice either ok here's wipe your credit history is made up of a bunch of different factors one of which is how much of your available credit are using let's imagine you have three different credit cards eat with a 1000 dollar credit loan so your total bill credit on ds3 cards is 3.1 card maxed out oh 1530 card as a zero balance in this scenario using 1500 dollars of the 3 grand you have available for about 50 percent let's say you've picked up an extra shift work and pay back 250 dollars are in a
whole balance of 500 on the second nice work since 2000 balance now you close both of them now that you only 0 730 dollars and you have less available credit right not necessarily because you now i only have 1000 velba credit you close to records which means the presenter actually using goes up even though you are less on your credit report looks like this you now are using 750 dollars of the total 1000 dollars you're available so now using 75 percent of your credit and that's not have a major impact on howard review you if you can avoid infection and use them wisely it might be better to keep those two card account open with no bounce improving your credit utilisation ratio of you cards can be good at it if you have too many acre end up working against you something else to think about before you close the account how long is had a card that because another 15 percent of your credit score is a term in a how long you been borrowing your credit score get a boost when you show a long history of good credit you so hard with a long history of positive behaviour​  behaviours can remove that benefit if you want a trim a few pieces of plastic from your wife give some thought making a car with the long positive history one of the ones you keep em out the best thing you can do for your credit score is to make online payments and out whenever you can pay more than the monthly minimum payment in addition to improve their credit utilisation ratio which helps your credit score​