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What it states is (at the bottom of the paper it is listed as Non-acceptance Instructions) is that if I notify them in writing that I do not accept their change I can continue to use the card under my existing terms until the end of my current membership or the expiration date on my card, whichever is later. Then at that time my account will be closed and I will be able to pay off the remaining balance under my current terms.

What date would the end of your "current membership" be? And why would that differ from the expiration date on the card?

I guess I'm wondering if someone did this how it would show up on a credit report as closed but yet someone was still paying the balance - I wonder if it would hurt one's credit score.

I don't know how the closing would look on the report, whether it would be closed by creditor, or closed as consumer request. I would guess that having it closed with an unpaid balance would harm your score. The closed card would lower your credit available, but the balance owed wouldn't decrease. This would cause the ratio of balance to limit to rise, which I think is a factor in determining a credit score. (While I expect it would impact your score in this way, I have no way of guessing what magnitude the effect would be ... 10 points, 50 points ... who knows.)

DizChick
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