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Closing an unused credit card? Experts explain how it can affect your credit utilisation

26 Sept 2026 · 1d agoSource: LiveMint — Money

An unused credit card may seem unnecessary, but closing it can reduce your total available credit and increase credit utilisation. Before cancelling a card, borrowers should consider its annual fee, benefits, credit limit, outstanding balances and role in their credit profile.

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This digest is published with acknowledgment to LiveMint — Money. For the complete analysis, headnotes, and citations, please refer to the source.

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