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How does closed credit card by the bank affect my credit history?

My account was closed by the bank due to number of credit cards I have and high balance. I will be able to close all in 6 months. Can other banks close my credit card accounts as well? What is the best way to handle it?
Thanks for the answers but my problem is:
I have one [...]

Will cancelling my bad credit card affect my credit score?

I have other cards that I have excellent credit history on, but this one card is really bothering me because I had more than a couple of late payments on it in the past. Is it safer for me to just cancel it out, rather than keeping it open?

Rejection of Credit Card Application

As time progresses, more and more people are joining the revolution called ‘Credit card’. Yes, it’s really a revolution. Now you don’t need to worry about how much cash you have in your pocket when you go shopping, just carrying this small piece of plastic (credit card) is enough to assure you of a good [...]

Why Should You Bother With The Best Secured Credit Card Deal

You can’t stop noticing the number of advertisements for credit card offers these days. It can be enticing to sign up as they offer attractive rates and appealing incentives. So, why should you bother with a secured credit card deal?In some cases, secured credit card may be useful. If the finance companies often reject your [...]

Tips In Choosing The Best Bad Credit Card

Having bad credit does not mean one can never apply for good credit cards. Because of so many people having problem with their credit, credit card companies saw the potential in providing service for this people. Thus, credit card companies came up with bad credit credit cards. As the name suggest, these credit cards are [...]

How to Build your Credit Card Rating

Almost everybody knows the main advantages of owning a credit card. Credit cards are used all over the world and they are the most popular payment system these days. It is easier than ever to pay airline tickets or holidays using it, in almost every country. But the credit card rating is paying a significant [...]

Will Interest Rate Cut Enable You to Get a Better Credit Card Deal?

Recently the Prime Minister, Gordon Brown, and the Chancellor, Alistair Darling, announced that the base rate in the UK was being cut by 0.5% in a surprise move a full day ahead of the scheduled Monetary Policy Committee meeting, which is where the interest rate is usually changed.This move was also mirrored by five other [...]

Easily Apply For And Compare Credit Cards Online

If you’re searching for an easy way to find the best credit card for yourself, its really quite simple. All you have to know is which type of card you want as well as which issuer you want it from. For example, you can pick from a MasterCard, Visa, or Discover. And you can choose [...]

My Credit Card Application Was Rejected! Now What?

This article tells you exactly what you need to do if you’re ever denied or rejected on any of your credit card applications both online and offline. It may be easier to deal with than you think…No doubt, you’ve probably gotten literally hundreds of credit card applications in the mail and online, and each and [...]

Credit Card Applications & the Rejection of Credit Card Application

As time progresses, more and more people are joining the revolution called ‘Credit card’. Yes, it’s really a revolution. Now you don’t need to worry about how much cash you have in your pocket when you go shopping, just carrying this small piece of plastic (credit card) is enough to assure you of a good [...]