Does it look bad if you cancel a credit card after paying it off?

Answer On One Hand: It Can Hurt Your Credit ScoreCanceling a credit card can hurt your credit score, according to FICO. It will increase your credit utilization ratio, which measures the percentage of a p... Read More »

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Is it standard practice to charge credit card fees when paying by credit card?

While some businesses charge a fee when customers pay by credit card, it is against their merchant agreement with the credit card company, such as Visa or MasterCard. If you encounter a company th... Read More »

Does it hurt a credit rating to cancel a paid off credit card?

Closing a paid off credit card can lower your credit score because that card will no longer report that you are on time with your payments each month. In addition, it will increase the percentage o... Read More »

Does paying a credit card in advance improve your credit score?

On One Hand: Early Payment Avoids Late FeesA late payment on a credit card, even one day late, can seriously impact your credit score. Processing delays can turn even a timely payment into one that... Read More »

How to Pay Off a Credit Card on My Credit Report Without Paying the Full Amount?

The use of credit cards can be both a necessity and a convenience. Car rentals and hotel reservations usually require a valid credit card. Shopping and dining out may not require a credit card, but... Read More »