Some people who have signed up with a company called Bilt have been unnerved to see a list of all their credit cards ...

But when I saw this Reddit post, I was immediately skeptical. Here, we have someone who claims they were contacted about a $70,000 credit on an old business credit card of theirs.

It’s not unusual to have a credit waiting for you on a credit card. If you have a credit card you don’t use often, make a purchase with it, and return it, you might end up with a $100 credit ...

But if your credit score is padded enough (let's say its in the 700s or 800s) to take a hit, I'd argue that it doesn't make a whole lot of sense to keep paying annual fees that can cost well north ...

Edited by Emily Roth | May 19, 2025, at 3:39 p.m. ... Getty Images What happens to your rewards after closing a credit card depends on the issuer.

Lower is better (below 30% is ideal). When you close an old credit card, you shrink both of those categories. Your history gets shorter and overall utilization gets higher.