DiscoverMarkets & Money Today | 2 Min News | The Daily News Now!Closing a Credit Card: What You Need to Know
Closing a Credit Card: What You Need to Know

Closing a Credit Card: What You Need to Know

Update: 2025-10-02
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Thinking of ditching a credit card? Don't cut it up just yet! This episode reveals the crucial steps to closing a credit card the right way, from cashing in rewards to dodging credit score disasters. Learn how canceling a card impacts your credit utilization, why updating automatic payments is a MUST, and whether downgrading is a smarter move than closing.

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Closing a Credit Card: What You Need to Know

Closing a Credit Card: What You Need to Know