Either it would make no difference or make all the difference, The upside is the bank has to report it as a "Voluntary Closure" at the credit bureau which always looks better than "Credit Revoked by the bank "
NO
Credit cards are an application of smart card.Credit cards are either smart card or magnetic strip card.A smart card is a card which have an IC chip to process the data/ Smart card have the capability to process the data.
what is the difference between a credit card, debit card and smart card
The stored value credit card has the credit card information on the magnetic strip. The smart card credit card has the information in the smart card computer-chip.
Yes but not significantly, unless it is a large amount, close to the maximum limit.
Smart Cards
Yes, canceling a credit card always reduces your credit score. It never improves your credit score if you cancel a credit card account. If you have had the card for more than 2 years, or if you have a substantial amount of available credit at the time that you close the account, then the reduction in your credit score is even greater. However, if it makes sense to you to close the card, and you do not plan large purchases in the near future, your credit will recover without your feeling the difference.
It will not affect your credit if you pay off the balance when you close the account.
You can simply write to the credit card company and close your account. Then you can cut up your credit card.
The latest in credit card technology, a smart card stores information on an integrated microprocessor chip rather than on the magnetic strip of a regular credit card. Although not yet widely available in the United States, these cards are thought by many to be the card of the future. * Benefit: The information stored on a smart card is more secure due to the embedded chip technology.
Get the credit card number
Yes, they can store digital certificates and/or other data.