What happens to your credit card after a balance transfer?
Closing a credit account can hurt your credit score, even after a balance transfer.
4 min read
Dec 05, 2024
Erin Lowry
Expert Reviewer, Personal Finance
EXPERTISE
- Credit cards
- Debt management
- Personal finance
- Retirement
- Wealth
- Budgeting
Erin Lowry is the author of the four-part Broke Millennial series, including: Broke Millennial, Broke Millennial Takes On Investing, Broke Millennial Talks Money and Broke Millennial Workbook: Take Control and Get Your Financial Life Together. Erin’s been featured in The New York Times, Wall Street Journal, and on GMA3, ABC News, CBS Sunday Morning, CNBC and The Rachael Ray Show. She has written for The New York Times, USA Today, and other major publications.
Erin's latest articles
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How to get out of a title loan: 5 legal loopholes
There are five main ways to get out of a car title loan.
5 min read Dec 04, 2024 -
Merchant category codes: How to earn more cash back
Merchant category codes can help consumers earn more with rewards credit cards.
6 min read Dec 04, 2024 -
What debts can you transfer to a credit card?
You can transfer a variety of debt to cards, but not all cards accept all transfers.
5 min read Nov 27, 2024 -
How your grace period lets you avoid paying interest on a credit card
A grace period is an interest-free period on your card balance.
6 min read Nov 26, 2024 -
Home equity rates virtually unchanged pre-Thanksgiving Day
HELOC rates kept their 52-week lows, while home equity loans were steady.
2 min read Nov 26, 2024 -
Do credit card rewards, points and miles expire?
Follow these tips for easy ways to keep your credit card rewards from expiring.
9 min read Nov 26, 2024 -
Can I get a loan with a 550 credit score?
Learn how to get a loan with a credit score of 550.
3 min read Nov 24, 2024