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 ...

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 ...

If Jane decides to cancel a few credit cards, she should first focus on the ones that have an annual fee. If she isn't using ...

As a freelance personal finance writer since 2008, Jason has contributed to over 100 outlets including Forbes, USA Today, Newsweek, Time, U.S. News, Money.com and NerdWallet. As an industry leader, ...

Managing too many credit cards can be stressful -- and costly if you're paying annual fees. Canceling cards needs to be strategic, because it can affect your credit score. Learn which card types you ...

Answer: There is nothing permanent about credit scores. They change constantly, and the minor damage you do by closing a card ...

"The best one would be the Chase Sapphire Preferred® Card," says Dana Yao, a travel blogger who downgraded because she'd need ...

Deciding whether to cancel a credit card isn't a quick and easy decision — or at least it shouldn't be. It's best to weigh several factors to ensure that closing your account doesn't have unintended ...