If you find your credit card no longer useful to you or has become too expensive to keep up with, closing your credit account can seem like the right choice.
When used responsibly, paying with plastic can be a straightforward way to boost your credit score, earn rewards, and keep track of your expenses without taking on extra debt.
The Annual Percentage Rate (APR) is the yearly interest rate you will pay if you carry a balance month to month on a credit card.