The most reliable credit card company is Mastercard. Although Mastercard does not issue any credit cards, they have a global network of millions of merchant locations in 210+ countries and territories, which means your Mastercard should reliably work wherever you try to use it.
You should also be able to reliably find a Mastercard credit card that suits your needs, whether you’re looking for cash back, travel rewards, a student card, a secured card or something else. You can apply for these cards through one of the network’s issuing partners, which include all of the biggest banks and credit unions.
The most reliable credit card issuer is Capital One, which offers a wide range of credit cards for people of all credit levels. Capital One ranks first in WalletHub’s credit card rewards program rankings and scores highly in terms of customer satisfaction, according to J.D. Power. You can compare Capital One rewards credit cards and read reviews for each on WalletHub.
The best credit card for an 800 credit score is Capital One Venture X because it offers an initial bonus of 75,000 miles for spending $4,000 in the first 3 months, as well as 2 - 10 miles per $1 spent on purchases. The card charges a $395 annual fee but has plenty of perks to make up for it.
An 800 credit score is considered excellent credit, which means you can qualify for the best credit card offers on the market. But it’s important to note that simply having excellent credit does not guarantee approval. You must still meet other underwriting requirements, such as having enough income to afford a new credit line.
Yes, closing credit accounts can hurt your credit score in the short term, depending on how old the accounts are and how much other credit you have. But canceling a credit card account might also benefit your credit score in the long run if you manage the rest of your finances better as a result of having one fewer account to worry about.… read full answer
Here’s what happens to your credit score when you cancel a credit card:
Credit score drops: Your credit score often goes down because the average age of your open accounts decreases and your overall utilization increases (since you have less available credit).
Scores bounce back: Your credit score should rebound within 3-6 months of canceling your credit card account. Make sure to have at least one open credit card remaining and pay all your bills on time.
What happens if you don’t cancel: A credit card that is in good standing will continue to help your credit score. Even if you don’t make purchases with it, it will still report positive information to the credit bureaus each month. This is definitely worth considering if your card does not charge an annual fee.
Age matters: Closing newer accounts won’t have as much of an impact as closing older ones.
Limit matters: Closing low-limit accounts won’t do as much damage as closing high-limit ones.
When score drops matter: If you don’t need the best score possible for the 3-6 months it usually takes credit scores to bounce back after credit card cancelation, the temporary drop shouldn’t cost you anything.
Bottom Line: Avoid canceling your oldest card and your card with the highest credit limit. That will mitigate the amount of credit score damage. And if you have to close your oldest or highest-limit card, make sure you do it at a time when you don’t need your credit score to be at its best.
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