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what happens to your credit rating when you give up an old credit card

the journal of Michael Werneburg

twenty-seven years and one 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.

rand()m quote

Market matters most; neither a stellar team nor fantastic product will redeem a bad market. Markets that don't exist don't care how smart you are.

—Marc Andreesen