How to Close a Credit Card?

Answer Credit cards are a great tool when spending money, especially large amounts, but can also be a burden financially if not used properly. Credit card debt is one of the most common causes of bankrupt... Read More »

Top Q&A For: How to Close a Credit Card

Is it better for your credit score to close a zero balance credit card?

In most cases, you are better off not canceling a credit card with no balance, because it will no longer report to the credit bureau as being current with payments and your debt-to-available-credit... Read More »

Is It Better for Your Credit Score to Close a Zero Balance Credit Card?

Flat screen TV's have many options that make connecting stuff to them simple, but CRT TV's are older so they were made before all these connection devices started integrating to the TV sets. A CRT ... Read More »

Is it bad for your credit when you close a credit card?

On One Hand: Lowers Credit ScoreFinancial experts warn consumers that closing a credit card account will have a negative impact on their credit score because it can raise their utilization rate. Th... Read More »

If a magnet is held close to a credit card...will the card become un-readable to a scanner?

No. It has to be an AC type of current to degauss the magnetic strip.What you can do is put the credit card in a Microwave oven. But for no more than 10 seconds. It will scramble the information