Closing credit cards can affect your credit score because your credit line will decrease from the loss of cards, so your utilization ratio (balance / credit lin

Closing credit cards can affect your credit score because your credit line will decrease from the loss of cards, so your utilization ratio (balance / credit line) will increase. The usual advice is to try to consolidate your credit line before closing, but that might be harder when switching providers. Still, you can easily reduce the utilization by just paying the balance. So closing accounts does not have too much of a negative affect on your credit score. (My understanding is it does not affect age of accounts, because closed accounts continue to "age." Not sure about that though.)