How Closing a Credit Card Account Affects Your Credit Score
Do you remember how excited you were when you got your first credit card? You probably applied for a credit card when you went to college, or perhaps your parents advised you. In any case, you've had that card since you were in your teens or early twenties, and it's probably not the best card in your wallet. It could have a high-interest rate, no benefits, or a significant yearly cost. You were probably offered better credit cards as you started earning decent credit. Your interest rates are lower, you presumably have no or a modest annual fee, and you…
