You’ve paid your remaining credit card balance. Now it’s time for the ceremonial snipping that will keep you from ever using the card again. It’s a satisfying gesture, especially if you’ve found it hard to use a credit card responsibly. But closing a credit card may impact your credit score. Your credit score is based on several factors. And closing a credit card account can have an impact—so it’s important weigh the pros and cons first. Although closing a credit card account may hurt your credit score, there are cases where it might make sense. For example, if you can’t avoid the temptation of using a credit card to live well beyond your means, closing your card could be the most responsible move.