what happens to your credit rating when you give up an old credit card
the journal of Michael Werneburg
twenty-eight years and a million words
Toronto, 2019.07.29
The lore of credit ratings says that maintaining credit accounts for a long time is good, so I've always wondered what happens if you give up an old credit card. Now I know; I recently gave up a nearly 20-year old card and my rating's fallen from 859 to 822 so far.