http://www.mybanktracker.com/bank-news/2009/11/05/should-you-really-cut-up-that-credit-card/ Latest bank news, get personal finance tips, bank deals, promotions and money management tips Fri, 19 Mar 2010 22:54:59 -0400 http://wordpress.org/?v=2.9.2 hourly 1 http://www.mybanktracker.com/bank-news/2009/11/05/should-you-really-cut-up-that-credit-card/comment-page-1/#comment-1072 Credit Card Chaser Fri, 06 Nov 2009 10:57:28 +0000 http://www.mybanktracker.com/bank-news/?p=6182#comment-1072 Even if a new annual fee gets added to a current card there are plenty of other credit cards out there that will not have an annual fee. You are right though in that if you cancel a card then it will ding your credit score. If someone is debating applying for a home loan or other large line of credit then it is best to wait until approval before thinking about canceling any existing lines of credit. Even if a new annual fee gets added to a current card there are plenty of other credit cards out there that will not have an annual fee. You are right though in that if you cancel a card then it will ding your credit score. If someone is debating applying for a home loan or other large line of credit then it is best to wait until approval before thinking about canceling any existing lines of credit.

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