will credit drop if credit card company closes your account
When the bank closes an account, it reflects negatively on your credit report; the bureaus assume the bank had a reason to close it. But when you close an account, your credit score is not affected. Hereâs what Iâd do: First, call the credit card company and see if you canât keep the account open.f you have had the account longer than any other card, then your credit score could take a bigger hit when the bank closes the account. It will be better if youâve had other cards for at least five years or longer.