{"id":50125,"date":"2023-10-30T18:00:35","date_gmt":"2023-10-30T18:00:35","guid":{"rendered":"https:\/\/entertainment.runfyers.com\/index.php\/2023\/10\/30\/should-you-close-a-credit-card-with-zero-balance-the-points-guy\/"},"modified":"2023-10-30T18:00:35","modified_gmt":"2023-10-30T18:00:35","slug":"should-you-close-a-credit-card-with-zero-balance-the-points-guy","status":"publish","type":"post","link":"https:\/\/entertainment.runfyers.com\/index.php\/2023\/10\/30\/should-you-close-a-credit-card-with-zero-balance-the-points-guy\/","title":{"rendered":"Should you close a credit card with zero balance? – The Points Guy"},"content":{"rendered":"


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Applying for and opening a new credit card<\/a> can be exciting because it usually follows up with a welcome bonus after meeting the spending requirement.<\/p>\n

At the end of every billing cycle, you receive a statement, which is money owed to the issuer, and paying the balance in full and on time is greatly stressed here at TPG.<\/p>\n

However, what happens when you close a credit card with a balance? Is it forgotten in the wind, or can it hurt your credit score and affect future borrowing needs?<\/p>\n

Today, we’ll explore if you can close a credit card with a balance or if you should close it with a zero balance instead.<\/p>\n

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Pay off a credit card or maintain a balance?<\/h2>\n

To avoid interest charges, it’s best practice to pay off the credit card balance each month. When carrying a balance month to month, interest charges begin to accrue, diminishing the value you receive from a card, such as cash back and rewards points.<\/p>\n

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