The Real Costs Of Closing A Credit Card

There’s a ton of conflicting wisdom about when to close a credit card, or if you should do it at all. While there are some good rules of thumb to follow, you’ll want to take into consideration how doing so might affect you — and not what it did or didn’t do for someone else. The reason: Closing a credit card is one of the most immediate ways to impact your credit score, which can impact your ability to get a loan for a car, a home, or even buy a new phone or rent an apartment, so you want to think about what’s best for you. Click here to continue reading…

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