this post was submitted on 25 Jul 2026
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Closing an account and paying off your credit card bill are not the same thing. When you close an account, you're decreasing the amount of credit you have available to you, which is part of the formula. Paying off your credit card bill every month demonstrates reliability and will often help your score creep up over time.
No one means that, ever. "Pay off" means to bring the account to zero. Not close.
Those people are dumb. And probably a greater credit risk.
Words mean things. That's kind of why they exist. Blue and red are different colors.
Yes, just like the word asshole means a person who refuses to engage with people unless they can be difficult and insulting on purpose
I only see one person in this thread like that.
Also pretty much a part of the definition
Ok, but if you pay off the account and don't close it, it doesn't negatively impact your credit. So since "paying off" and "closing" are two different things with two very different impacts, maybe it would be useful to use the terms accurately in this discussion
When someone says "I've finally paid off my credit card," I take that to mean they got it to a $0 balance. In your mind, someone saying "I've finally paid off my credit card" means they've closed the account entirely? This confusion contributes to financial illiteracy and to people making bad decisions.
C'mon, man.
But reliability is 100% the purpose of credit scores. You can pay down a credit card every month and never pay a cent in interest, and you can have the highest score. Having the credit available to you costs you nothing, why close it?
I'm done with this stupid conversation. You're apparently under the illusion that capitalism is fair and works.
I've seen first hand that the credit score system doesn't work the way you're saying. If you think it does, this is pointless.
You're welcome to explain rather than continuing to insult me
I did, it didn't help, you said it couldn't possibly make any sense to close an account you're done with, so I'm done here. And come off it about "insulting me". You told me I was hurting financial literacy for literally just observing how people talk.
Where did I say this? I just recall saying "paying off" and "closing" are two different things