What to do before you close a credit card account

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Are you thinking of closing any of your credit cards? In a partnership with Consumer Reports, 7 On Your Side's Michael Finney tells you what to think about before you do.

Looking to declutter your wallet? If you have credit cards you aren't using, you may be tempted to cancel those accounts. But before you grab those scissors, experts at Consumer Reports say there are a few things you should consider.

Watch the video player above for the report by 7 On Your Side's Michael Finney and Consumer Reports on what to think about before you close those accounts.

Click here for more stories and videos by Michael Finney and 7 On Your Side.
All Consumer Reports material Copyright 2017 Consumer Reports, Inc. ALL RIGHTS RESERVED. Consumer Reports is a not-for-profit organization which accepts no advertising. It has no commercial relationship with any advertiser or sponsor on this site. For more information visit consumer.org.

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