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.

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 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 ...