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 ...

Closing your oldest credit card can trigger a drop in your credit score for reasons most people never see coming.

(NewsNation) — If you’ve been reminded to make a purchase using an old credit card, you might consider wanting to cancel the card altogether. But is that a good decision for your credit score? Will ...

It’s typically better for your credit score to keep an unused credit card open, especially if it’s your oldest line of credit. However, you might be better off canceling the credit card instead if you ...

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 ...

If a credit card isn’t useful to you anymore, negotiating a waived fee could make a lot of sense. If all else fails, cancellation a less-useful credit card just makes sense, even if it entails a hit ...

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 ...

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 ...

You recently wrote about loopholes in the Credit Card Accountability Responsibility and Disclosure (CARD) Act. My credit card company is among those taking advantage of loopholes. I have been a credit ...

When 85-year-old Joel Weiss* of Boca Raton, Florida, opened his Citibank statement, he was alarmed to see recent charges he did not recognize — among them, a $3,000 retail expenditure in Indiana, King ...