How much does closing a credit card actually affect your credit?
I have two credit cards. One is a CapitalOne card with a $ 750 credit limit. I was recently talked in to getting a new credit card with WellsFargo with a $ 1000 credit limit. I don’t feel safe having that amount anymore. [...]
How will requesting a new credit card but not activating it affect my credit?
I requested a new credit card with a lower interest rate than my two cards now with the intentions of paying off the two cards with my new card. The new card credit limit is not enough to pay off the other [...]
Can credit card companies close your accounts without warning? How does it affect your credit score?
I received a letter in the mail from Juniper (iTunes Rewards) stating that they have closed my credit card account due to inactivity. I opened the account about 18 months ago and have never actually used it. Can they close [...]
Credit Card Law Changes- Mike Sullivan, Director of Education at Take Charge America, discusses credit cards and how the law are changing with the “Credit Card Act”. These changes mean there will be no more sudden interest rate changes, no more double cycle billing, and no more universal default. To find out what that means [...]
I am going to ask another question regarding which CC should I add to my credit card profile to add to my rewards. I have excellent credit, pay my balance in full each month, and I use my CC to pay for everything I can to rack up points/miles etc.
I am at a point [...]