Will voluntarily cancelling a credit card adversely affect my credit rating?
One of the benefits of my job is a union-sponsored credit card, a Master Card. I have had this card for years and I enjoyed a decent interest rate. However, I just received a notice in the mail that the card was bought out by Capital One. On Fluther, I asked (coincidentally) about Capital One a few weeks ago, and I heard very negative things.
I want nothing to do with any credit card that is Capital One. I want to cancel the card right away. My current card balance is zero.
Will cancelling a credit card have an adverse affect on my credit?
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