

Yes, closing old credit cards can hurt your credit score—especially if they’ve been open for a long time. One key factor in your credit score is the average age of your credit accounts. When you close an older card, your overall credit age may drop, potentially lowering your score. Additionally, closing a card reduces your available credit, which can increase your utilization ratio. If the card has no annual fee and a long history, it’s often better to keep it open.