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Credit Score Impact: New Card vs Old Card Closing

Opening new card (5-10 pt dip) recovers in 3 months, closing old card (25-50 pt drop) lasts 7+ years—keep 5+ old accounts open for 50-80 point cumulative boost vs closing all. Permanent impact: +50...

Editorial Team February 25, 2026

Sources: Official issuer websites, Federal databases, Community reports

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Credit Score Impact: New Card vs Old Card Closing

Opening new card (5-10 pt dip) recovers in 3 months, closing old card (25-50 pt drop) lasts 7+ years—keep 5+ old accounts open for 50-80 point cumulative boost vs closing all. Permanent impact: +50-100 pts = 0.5-1.5% lower mortgage rates = $15K-45K lifetime savings on $500K home

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*Key Metrics: Credit Score Impact | Timeline: 20-25 mins | Effort: Minimal | ROI: $8,000-45,000*

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