What Does Derogatory Credit Mean?
6 min read
Can You Close a Credit Card With a Balance?
5 min read
Published March 19, 2025
Key Takeaways
- You can close a credit card that still has a balance, but you’ll still have to repay your debt.
- Cancelling a credit card with a balance may impact your credit score.
- Alternatives to closing your credit card include balance transfer offers and keeping your card open but inactive.
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