Cancelling a credit card is a significant financial decision that can impact your credit score. While experts generally advise against closing a credit card, there are valid reasons to do so, such as ...

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 ...

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 ...

You'll typically forfeit unused rewards when closing a credit card account. You can preserve your rewards value by transferring or redeeming points before closing an account. Co-branded card rewards ...

Americans are having a harder time paying their credit card bills. Recent data from the Fed shows that credit card delinquency rates have reached the highest level since 2012. When people can't pay ...

A lot of people try to simplify their wallet by canceling a card they never use. The oldest one is often the first to go. But that move can backfire. Your oldest credit line plays a bigger role in ...

Sometimes you need to cancel an application because you applied for the wrong card, another card has a better sign-up bonus or you realize you don’t need it. Canceling a card can be difficult because ...