I have actually profited from having my cards closed. Then again, I am in the sixty and over Baby Boom crowd and have had my oldest card atleast 30 years. I have had my Capital One card since 1990. I closed Citibank, Chase AARP, Comerica Bank just to name a few of the mega banks in 1995 My credit score climbed very high (780+ and higher).
Most recently I closed another Citibank card. I have three cards that are relatively new (newer than 1990 and the Amex Gold Card). I thought the creditors that were open would like to see that they are not in competition with other credit card companies and could relax "picking on you!"
Debt to ratio didn't even enter into my equation when I closed the cards. I did get more and with better than the last credit lines.
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