To minimize the impact on your credit score when closing a card, ensure that there is no or minimal effect on your credit mix. This way, any slight decrease in your score will be temporary. If ...

Closing a credit card can impact your credit score in several ways. One of the most immediate effects is on your credit utilization ratio, which is the percentage of available credit you're using. By ...

Your year-end credit card summary has a lot of useful information about your spending habits and debt accumulation from the past year. By going through these reports, you can find trends in your ...

A credit card closure can alter the credit mix, reduce credit ageing, increase the credit utilisation ratio, or halt the ...