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 ...

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 ...