Do I lose my points if I cancel my credit card?

Because your rewards are managed by the card issuer, closing the credit card could result in losing the rewards. However, you'll often have a small window of time when you can redeem your rewards after closing your card—it just depends on the card issuer's rules and the card's terms.



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In most situations, it's better to keep unused credit card accounts open, as closing credit accounts can have a negative impact on your credit score.

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A credit card can be canceled without harming your credit score?. To avoid damage to your credit score, paying down credit card balances first (not just the one you're canceling) is key. Closing a charge card won't affect your credit history (history is a factor in your overall credit score).

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