Rewards aren't the only factor to consider when you close a card. Some cards offer cardholder benefits, such as statement ...

The primary reason your score may decrease is through losing a credit limit and increasing your utilization rate. "When you close a credit card account ... credit card may affect your credit ...

Keeping an account open carries some benefits. It could help you maintain a lower credit utilization ratio. If the credit card is your only, or one of the only, sources of credit, keeping it open ...

When it comes to personal finance (including how to get the best credit cards), your credit score plays a large role. Creditors use it as a barometer for your trustworthiness as a borrower.

To help keep your ratio in the healthy range, you'll either pay off existing liabilities or request a credit limit boost for your remaining cards. 2. Keep account age in mind: Be mindful ...

Michelle Lambright Black, Founder of CreditWriter.com and HerCreditMatters.com, is a leading credit expert and personal finance writer with nearly two decades of experience in the credit industry.

It’s not uncommon for credit card issuers ... or opt out and have his account closed. “I opted out and it shut the account down,” he says. An account closure can affect how much total ...

Michelle Lambright Black, Founder of CreditWriter.com and HerCreditMatters.com, is a leading credit expert and personal finance writer with nearly two decades of experience in the credit industry.

This particular write-up is dedicated towards explaining as to why closing old accounts can hurt more than you can think: When you shut down an old credit card or a personal loan you are shutting ...

Your payment history is the most important factor that can affect your credit score. If you pay your bills on time and make at least the minimum payment on your credit cards, you’ll likely see ...

and some will even report your account activity on your personal credit report. Before you apply for a small-business credit card, it's important to know how it can affect your personal credit and ...