6 Questions To Ask Yourself Before You Cancel A Credit Card

It can be so tempting to want to jump on every enticing credit card offer that comes your way (hello, thousands of rewards points and cash-back deals!). But before you sign up, it’s worth taking a minute to think about your long-term plans for that credit card and how cancelling a card later might impact your credit score.

 

In a 2019 Bankrate survey, 61% of American credit cardholders said they had cancelled at least one credit card, but just 42% knew that doing so typically hurts one’s credit score. Click to continue reading…

 

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