Thinking about canceling a credit card? Here's what actually happens to your score -- and the step-by-step process to avoid ...

Closing a credit card account can affect your credit, so proceed with caution and make the transition smooth. Many or all of the products on this page are from partners who compensate us when you ...

Canceling a credit card with a $10,000 limit can raise your utilization ratio and ding your score. Here's exactly what ...

A closed account in good standing stays on your credit report for 10 years. Here's what closing a card actually does to your ...

Dear Liz: I’m 75 and getting forgetful and disorganized. My prior excellent credit rating has suffered due to late payments because of this. I’d like to simplify my finances by getting rid of extra ...

My new husband and I take full advantage of our credit card rewards by paying our balance twice per month, being careful to keep our debt-to-credit ratio well below 30 percent. My problem is my ...

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 ...

Image source: Getty Images Canceling a credit card sounds simple -- call the issuer, close the account, done. But depending on which card you close and when, your credit score could take a big hit.