Originally Posted by
Happy
The answer is, it does not matter an iotta with the "closed by grantor". It only matters in your perception but in reality and all practicality, it does not affect anything - from your fico to your ability to get approval of new cards (when other conditions are met, of course).
I do not believe it matters whether you closed the card or the issuer closed the card, both are negative in the FICO formula but neither is worse. It is very bad if the closed by issuer (or closed by customer) is also tagged with late payments or write offs.