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Closing credit cards can have both positive and negative effects on your credit score. It can potentially lower your credit utilization ratio and reduce the number of accounts on your credit report, which may have a negative impact on your credit score. However, if you have a good payment history and low balances on your remaining cards, the impact may be minimal. It's important to consider your individual financial situation before deciding to close a credit card.

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AnswerBot

5mo ago

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Are there any credit cards available for people with bad credit?

There are credit cards available for people with bad credit. Secured credit cards are more suited for people with bad credit and are likely to be the only ones they will qualify for. Capital One offers a Secured MasterCard which is available for people with bad credit.


What credit cards can be applied for with bad credit?

Having bad credit a person limits themselves greatly on what credit cards they can have. The only card offered to people with bad credit is the Premier Bank MasterCard.


Where can I get instant credit cards for bad credit?

It may be possible to get a credit card with bad credit, but the terms will be unfavorable. You should work at rehabilitating your credit rating before applying for credit cards.


Where can one shop with bad credit cards?

When you have bad credit scores, it is difficult obtaining a credit card but when you do manage to get one, there are some stores that will still accept credit cards of people with bad credit scores, like Macy's.


What department stores offer credit cards for individuals with bad credit?

Some department stores that offer credit cards for individuals with bad credit include Macy's, Kohl's, and JCPenney.


Are there credit cards for people with bad credit?

Credit cards for people with bad credit are secured cards issued by banks. It is also possible to get unsecured cards with low interest rate or zero APR for the first six months. Negotiations can be done with the bank that issued your credit card.


Where can a person with bad credit obtain credit cards?

A person with bad credit can still obtain credit cards in some cases. However, they'll have to settle for secured cards from companies like Capital One and Bank of America.


How can you get a credit card with poor or bad credit?

There are pre-paid cards and secured cards available for those with poor credit.


Where can one get a credit card for one with bad credit?

If you have bad credit, there are still ways to get a credit card. For those with bad credit, secured credit cards or subprime credit cards might be your only options for getting one. These cards can charge extra fees and may let loaners take your money if you do not pay off the balance.


Are there any unsecured credit cards you can apply for if you have bad credit or no credit?

There ain't any!


What are the best department store credit cards available for individuals with bad credit?

Some department store credit cards that may be available for individuals with bad credit include the Kohl's Charge Card, JCPenney Credit Card, and Macy's Credit Card. These cards may have lower credit requirements compared to traditional credit cards, but it's important to use them responsibly to improve your credit score.


What is Household Bank?

Household bank is a lending company. They issue credit cards and prepaid debit cards for people with bad credit or no credit.