credit card closure

Thinking of cancelling your credit card? Here’s what it does to your credit score | Mint

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Credit cards are credit instruments. They help users in securing credit on the promise of making payments within the stipulated time as per the contractual commitments between the credit card user and the lending institution. Now, cancelling a credit card comes with its own complexities, issues and problems. It can definitely impact your credit score, … Read more

Don’t cut up that card yet! How closing a credit card can drag your credit score. Here’s how to minimise impact | Mint

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Closing a credit card might seem like a simple and straightforward financial decision, especially if you are trying to cut down on unnecessary spending or avoid hefty fines and late payment fees. However, in India, this move can immensely impact your credit score and your overall credit profile in a negative way. That is why … Read more