BB in North Carolina said “Got letter in the mail from HSBC cancelling my credit card. I have no open balance with them, have had the card for several years, and have been a good customer. They claimed that because I did not use my card for 6 months, they were cancelling. When I complained that would affect my credit report, they said “You can close the account since we don’t report it until the end of the month and that would look better than if the card issuer closes the account.” What’s up with that?!
Editor’s Note: A credit report will look slightly better if the account is closed ‘at cardholders request’ as opposed to ‘closed by credit grantor’