Thinking about canceling a credit card? Here's what actually happens to your score -- and the step-by-step process to avoid unnecessary damage.

What to do with an unwanted credit card? A thread in Reddit's r/personalfinance subreddit recently reignited a debate that's been circling personal finance forums for years: Should you cancel unused ...

Kelly-Ann Franklin has spent more than two decades in journalism which has helped her build a wide knowledge base of business and personal finance topics. Her goal with editing is to ensure tough ...

With identity theft and fraud on the rise, it's essential to monitor your credit report for signs of fraud. If you've been ...

Image source: Getty Images Canceling a credit card sounds simple -- call the issuer, close the account, done. But depending on which card you close and when, your credit score could take a big hit.