Closing a credit card can hurt your credit score, so know the potential risks and benefits before you make the call. Jackie Lam is a contributor for CNET Money. A personal finance writer for over 8 ...

Are you thinking about canceling your credit card? Maybe you don't want to pay the annual fee, or you're not using the rewards program enough to benefit. While there are plenty of good reasons to ...

When you have a credit card you don’t use, canceling it might seem like an obvious move. That’s especially true if the card carries an annual fee or you’re prone to overspending. But if you aren’t ...

There are plenty of reasons to cancel a credit card. However, you should understand what canceling will do to your credit score, because canceling can have a negative impact. Canceling requires more ...

Before closing a credit card account, consider keeping it open if it has no annual fees or high interest rates to maintain a good credit utilization ratio. Settle any outstanding balances and cancel ...

Although you may be ready to cancel your credit card, it’s not as easy as simply cutting the card in tiny pieces (although that is one of the steps). It’s important to cancel a credit card the right ...

Nicole Dieker has written about personal finance for nearly a decade. In addition to CNET, her work has appeared on Bankrate, CreditCards.com, Vox, Lifehacker, Popular Science, The Penny Hoarder, The ...

Short Answer: Yes, if the card is still not officially approved, you may be able to contact the credit card issuer to cancel before you are officially approved. But if you’re approved, declining a ...

A pending transaction is a charge that shows up on your credit card statement but hasn’t been reduced from your balance yet. Merchants may also place a pending transaction — or hold — on your account ...

Recurring charges to your credit card can add up quickly, even if they’re small amounts. Sometimes known as gray charges, these show up on your statement monthly, biannually or annually, often as a ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Sometimes a credit card is no longer ...

Canceling a credit card that you no longer use is typically a straightforward process. However, the steps you need to take and the prerequisites often vary between lenders. Additionally, it’s ...