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Closing a Credit Card Account

If I close my credit card with a balance on it, how will that affect my checking account?


These are two separate accounts, and unless your bank has linked the attributes of one account, contingent upon the use of the other, there is no impact. If your bank offered some incentive, say a lower monthly cost on a checking account because you had the credit card, that incentive may go away.

Published on BankingQuestions.com 12/09/08