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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

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   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. 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 ...

6. 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

7. 10 credit card mistakes to avoid in 2024 - AOL

   www.aol.com/finance/10-credit-card-mistakes...

   So if your credit limit is $10,000, try to keep your spending under $3,000 during a billing cycle or before you make a payment. “If you go beyond your credit card limit, this can violate your ...