Welcome to the Finlight Youtube Channel. We're on a mission to help people become better investors by increasing their financial literacy so that they can make decisions that will help them grow their wealth. We have already a 500K+ community across different social media channels. -------------- If you're looking to buy comprehensive health insurance, you can get a FREE consultation from a dedicated team at Ditto Insurance- https://bit.ly/3BtG9Ru ------------------ Open your FREE Demat and Trading Account with Upstox- https://upstox.com/open-account/?f=2OYL --------------- Checkout our Research reports, Ebooks, and Valuation Model- https://www.finlight.in/products ---------------- Our Book Recommendations- https://www.amazon.in/shop/finlight --- Join our weekly Newsletter- https://www.finlight.in/newsletter ----------------------------------- About the video- when should you cancel your credit card? you can consider canceling a credit card under a few situations, such as: if your credit card has a high annual fee and offers fewer benefits if your credit card interest rate is high and you want to carry a balance if you are unable to manage your debts and having credit cards increase the temptation of living beyond your means if you want to close your student card or secured card, to get a regular or rewards card on the other hand, you should keep your credit card open under the following circumstances: it is one of the oldest accounts on your credit report if you have fewer credit accounts, closing a credit card will further reduce your credit history, making it harder for you to get credits in future if you are canceling your credit card because you don't use it very often Tags: Does Cancelling a credit card ruin your credit? Is it better to cancel unused credit cards or keep them? Why does Cancelling a credit card hurt you? Is Closing A Credit Card Bad? Why You Shouldn't Cancel a Credit Card Even If You Don't use. Should I cancel my credit card if I don't use it anymore?——————————————————— Connect with us on social media! Finlight’s Instagram- / finlight.in Anmol’s Instagram- / financebyanmoll Aashutosh’s Instagram- / financebyaashutosh Finlight Twitter- / myfinlight Anmol’s Twitter- / financebyanmol Join our Whatsapp Group- https://chat.whatsapp.com/HS5wNylNc94... Join our Telegram Group- https://t.me/finlightco --------------------------------- --------------------------------------- 🛑Copyright Disclaimer: All materials in these videos are used for educational purposes and fall within the guidelines of fair use.🙏🏻 No copyright infringement is intended. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please contact us via email on the "About" page on our channel. 🛑Affiliate Disclosure: There are a few links in this description that, at no cost to you, will earn us a commission if you choose to click them and make a purchase. Don't worry, we only ever promote things that we find genuine, trustworthy, and useful ourselves, and that can also genuinely help you.