What happens to your credit score when you cancel a credit card?

say you are in good staying, never was late. always payed the balance. but you have too many credit cards let’s say. so when you cancel that credit card. what happens to your credit score? Does your credit limit you had for that card get erased from the records? after all those years of building the credit limit to help the credit score. what happens to it? and what happens to your score? i’m just curious.

There are a lot of factors affecting your credit score. Let me just break down what you mentioned and identify whether they would be good / bad for your credit score.

Never late / always paid the balance - Definitely good

Too many credit cards - This, more often than not, lowers your credit score… especially when the total card balances take up too much of the total credit line given to you.

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Here you can see your 3-in-1 Report from all three credit reporting agencies and your credit score.