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 ...

(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 ...

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 ...

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 ...

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 ...

“The card served its purpose while our kids were young.” ...

Okay, talk me down. I have 18 credit cards and would like to close five of them — all at once. Actually, I’d like to close more, but I have five targets for now. The cards are paid in full every month ...

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 ...

Liz Weston, Certified Financial Planner, is a personal finance columnist for NerdWallet. Questions may be sent to her at 3940 Laurel Canyon, No. 238, Studio City, CA 91604, or by using the “Contact” ...