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One may always cancel their credit card, however, if one has a balance outstanding, one is STILL RESPONSIBLE FOR PAYING.

From a credit reporting standpoint, it is never good to cancel a credit card because the number of open accounts is reduced and the relative credit usage is reduced (both resulting, generally, in a reduction of credit score).

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Q: Can you cancel your credit card?
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Can you give me a sentence for the word cancel?

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If you apply for a credit card do you then have an option to accept or decline if you get approved or do you have to cancel the card if you decide not to take it?

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Can you charge on a credit card that is in your bankruptcy AFTER actually filing bankruptcy?

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