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

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

   You have five credit cards each with a $1,000 limit, making your total available credit $5,000. Your regular monthly credit card expenses total $1,000. Your credit utilization ratio is 20 percent ...

3. 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 .

4. 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.

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

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

   A credit card issuer has the right to close your credit card if you don’t use it. Unfortunately, closing an account can have an adverse effect on your credit score.

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