A high credit limit can help your credit score because it could lower your credit utilization ratio, or how much of your total available credit you use. Lenders typically want to see you use 30% or less of your available credit. On the other hand, having more credit could lead to increased debt because of the additional spending power. Let’s explore the pros and cons of high credit limits and see if a high-limit credit card, like a travel rewards card, makes sense for you. Pros of having a high credit l ...

Whether you have an old credit card that you forgot you had or you have a card with a high annual fee, there may be times when you need to close a card. If you're wondering how to cancel a credit card, it's easier than you may think. But closing a card can affect your credit, so it's important to understand the impact before moving forward. How to cancel a credit card in 7 steps Whatever your reasons may be, closing a credit card is surprisingly easy. You can close or cancel a card in just seven steps. ...