Kelly-Ann Franklin has spent more than two decades in journalism which has helped her build a wide knowledge base of business and personal finance topics. Her goal with editing is to ensure tough ...

Somewhere along the way, a rumor started that closing an old credit card was basically financial self-sabotage. I hear it constantly. Here's what I know after reviewing credit cards for a living: the ...

Closing a long-held credit card can feel like tidying up your finances, but the move can quickly undercut your credit profile in ways that are hard to undo. Your oldest account quietly props up both ...

You paid off your balance. You called the issuer. You got confirmation in writing. By every standard definition, you closed your credit card responsibly -- and yet, years down the road, you could ...

Discover the effects of closing your credit card on your credit score, including credit utilization. Learn best practices for ...