What happens to an old credit card after a balance transfer to a different card?

For example, let's say there is a balance transfer from credit card A to credit card B. What happens to card A after the transfer is completed? Is card A canceled or can you still use credit card A for purchases after the transfer?

Personal Finance
Answers
Sort By:
Most Helpful
April 2017
100% of people found this answer helpful

It stays open until you call to close the account. If you don't plan on using the old credit card, you should call and close the account as too many open revolving credit cards can have a negative impact on your credit score.

April 2017
April 2017
April 2017
April 2017