I'm wanting to close out some maxed out credit cards, but can't afford to pay them off fully. Do credit card companies still give a monthly minimum payment once an account is closed, or is payment expected in full upon closing?|||If you are making payments why close them?
Closing them may reduce your credit worthiness.
If you are closing your oldest card, it could wipe out your "length of credit history", which is 15% of your fico.
Now, if the card changes the terms on you, then call them up and tell them you do not agree with the new terms. They will close the account and you continue to make your normal payments.
/|||Yes, it is possible, but there is no benefit to you in doing that.
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