Welcome to CREDIT CARD SMARTS!

Let's face it, in today's world your name is only as good as your credit. Maintaining your credit should be one of the most important things in your life. By browsing "Credit Card Smarts" you will learn beneficial credit tips that will help you build your credit score. Enjoy all of the information that you can obtain from this site.

If you have never had credit before and are finally ready to start building a credit history, this site can help you.

If you have had credit in the past and basically "screwed it up," you may need to re-establish your credit. Let "Credit Card Smarts" help you.

If you have good or excellent credit, we can still help you by sharing the most valuable credit card tips that you can find online. No matter what your situation is, you will greatly benefit from this site.

Closing your credit card accounts

Sometimes people will rip up their credit card to battle their temptation of using it. They have a plan, they will then pay off the credit card balance in full only to close their credit card account.

Is this a smart move?

It all depends. If you are working at raising your credit score this is definitely not a good move because when you close that account you end up raising the ratio of your used vs available credit which can often hurt your credit score. If you have an excessive amount of cards that you want to close out, that’s fine, but think twice if your reasoning for doing it is to improve your credit score. If you are going to be buying a new car or a home in the not so distant future it would not be wise to close the account. If no major purchases will be going on in your life in the near future and you can afford for your credit score take take a small dip then by all means go ahead and close that account, you can build your credit score back to where it was.


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