When you close a credit card, you reduce the total amount of credit extended to you and, depending on how old the card was, your average age of accounts. This can lower your credit score because ...

Meanwhile, existing cardmembers across numerous issuers may see their existing credit limits cut ... cons of a new credit card and consider the short-term impact on your score.

When you're in the market for a new credit card, it's worth considering the short- and long-term impact that adding a new one could have on your credit score. While doing so won't automatically ...

It may be because life circumstances change, card benefits change or any number of other reasons. If you’re thinking about canceling a card, consider whether it will impact your credit score or ...

Our opinions are our own. You can get a credit card with bad credit, but it won't be one of those cards you see advertised with rich rewards or exclusive perks. It will probably be fairly basic.

This will preserve the age of your original card's account, avoiding any damage to your credit score. Two types of credit get reported to your credit report: revolving credit and installment credit.

FG Trade, Getty Images Your credit score provides a snapshot of your financial health and is an important number to track. Lenders use credit scores to decide if you’re eligible for credit card ...

In addition, some card issuers cut credit limits." The Consumer Finance Protection Bureau implemented many of the credit card and banking regulations that were introduced following the 2008 ...

Your credit score determines whether you get approved for a loan or credit card, and the terms on that borrowed money. It can also determine rates on insurance and apartment lease decisions.