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2. How Canceling Your Unused Credit Card Could Hurt You - AOL

   www.aol.com/canceling-unused-credit-card-could...

   If you were to close an unused credit card that has a $2,000 limit, your total available credit drops to $8,000, and your balance now represents 25% of your available credit.

3. How to cancel a credit card without hurting your credit score

   www.aol.com/finance/cancel-credit-card-without...

   Learn more: Should you cancel an unused credit card? 2. Settle outstanding balances. If you’re carrying a balance, many issuers require you to pay it off completely before you can close your ...

4. What happens if you don’t use your credit card? - AOL

   www.aol.com/finance/happens-don-t-credit-card...

   Pay off your balance: Be sure to pay off your balance prior to closing your unused credit card. If you don’t, your issuer could raise the interest rate on your existing balance.

5. Is closing a credit card bad? - AOL

   www.aol.com/finance/closing-credit-card-bad...

   You have a card with a high annual fee: Some premium credit cards have sky-high annual fees that may not make sense if you rarely use the card or its perks. You have a card with a high interest rate .

6. I've Never Canceled a Credit Card. Here's Why - AOL

   www.aol.com/ive-never-canceled-credit-card...

   Let's say that you have one credit card with a $1,000 balance and a $4,000 limit, and another credit card with no balance and a $1,000 limit. Currently, you're using 20% of your available credit ...

7. 7 Myths About Credit Scores That Most People Believe - AOL

   www.aol.com/finance/7-myths-credit-scores-most...

   Closing a card account reduces the amount of your total available credit, which can hurt your score by increasing your credit-utilization rate. Myth 3: Checking Your Credit Report Will Hurt Your Score