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What happens when you cancel a credit card?

Des-n-Jes asked: I currently have 3 credit cards. I just got approved for another and it is in the mail on it’s way. I paid off the one with the lowest credit limit, and was thinking about cancelling it and just keeping the other three. I have been working on building my credit for a [...]

When you pay off a credit card is it better to reduce the credit limit or close the account?

radioactive_babywipes asked: I’ve heard that once you pay off a credit card you shouldn’t close the account to keep a good credit score. I’ve also heard that even though one pays off his credit card reducing the credit limit is also not a good option for keeping a great credit rating. What is the best [...]

What is the best credit card to start my credit?

chaos_magician13 asked: I recently turned 18 and im in a great living situation. i live with my dad, make about 1000 a month and im a musician. I wanted to buy a new bass and amp, but more importantly need to start my credit. I already have the money to buy the bass today, but [...]


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