That depends on the individual lender. If you are trying to build a credit score, the usual advice is not to close open accounts. The more credit you have available that you don’t use, the lower utilization ratio. And leaving accounts open increases your average length of credit history. However, if an open account means you’re going to get into trouble and spend money you shouldn’t, then you should probably close it regardless of the impact on your score, because misusing the card will lower your score worse in the long run.