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The Independent UK
The Independent UK
National
Melissa Lambarena

Millennial Money: Issuer closing your credit card? Act fast to preserve credit

Copyright 2018 The Associated Press. All rights reserved.

It’s not uncommon for credit card issuers to close accounts. Sometimes they do so to lessen their risk when the economy is in distress, generally as a reaction to your spending activity — or lack thereof.

After all, issuers make money from every tap or swipe, so inactive cards aren’t fruitful for them.

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