Can Credit Card Companies Close Your Accounts Without Warning? How Does It Affect Your Credit Score?
Saturday, July 11th, 2009A Reader Asks…
I received a letter in the mail from Juniper (iTunes Rewards) stating that they have closed my credit card account due to inactivity. I opened the account about 18 months ago and have never actually used it. Can they close my account just like that without any warning? How should I handle the situation? (Is there anything I can even do?)
Also, I know that closing credit card accounts lowers your credit …