I'd like to close my DW's credit card account so we don't have to bother with two accounts. However, I don't want it to negatively effect her credit score. Here's our situation:
Our credit scores are both around 750. Her credit card has been open for 5 years (~$4k credit limit) and I just added her to my credit card account that I've had open for 5 years (~$18k credit limit). We pay our credit cards in full every month. Will closing her card hurt her credit score? If so, any idea how much it will bring down the score?
Our credit scores are both around 750. Her credit card has been open for 5 years (~$4k credit limit) and I just added her to my credit card account that I've had open for 5 years (~$18k credit limit). We pay our credit cards in full every month. Will closing her card hurt her credit score? If so, any idea how much it will bring down the score?