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Kiplinger
Kiplinger
Business
Rivan V. Stinson

Credit Card Closed? Here's Why and What to Do Next

(Image credit: Getty Images)

Has your credit card account been closed? Even those with good-to-great credit face hurdles at times, particularly if you forget about a card collecting proverbial dust in your wallet.

Credit card issuers can close your account due to what's known as "inactivity," meaning you haven’t used the card in a certain amount of time — let's say a year or more — and the issuer now assumes you have no use for that account.

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