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Have too many credit cards? Here's which ones you should cancel
Summary by The El Paso Editorial Desk Stacker , as published by KVIA ABC-7
· August 22, 2026
· 1 min read
Photo: KVIA ABC-7 · view original
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Summary created by The El Paso Editorial Desk — automated, rule-governed Byline on source page Stacker, as published by KVIA ABC-7 Original story Read at the source Source published Aug 22, 2026 Indexed here Aug 22, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key points Research from Motley Fool Money suggests that many cardholders pay annual fees on their primary card. Details on how to strategize canceling credit cards without negatively impacting credit scores are provided by Motley Fool Money, based on an examination of Federal Reserve data.
Paying annual fees for unused perks can be costly. Canceling a credit card may be necessary in such cases. Research from Motley Fool Money suggests that many cardholders pay annual fees on their primary card.
Further guidance is available on how to decide which cards to keep and which to cancel. It is advised to pay down any balance before canceling a card, as closing the card does not eliminate the debt.
Details on how to strategize canceling credit cards without negatively impacting credit scores are provided by Motley Fool Money, based on an examination of Federal Reserve data.
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KVIA ABC-7 reported and published this story. The El Paso selected it, summarised the key facts above, and links to the original. We did not report this story and we added no reporting of our own to it.
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As published by KVIA ABC-7 . The El Paso selects stories from publishers’ feeds, summarises them, and links back to the publisher that reported them. We add no reporting of our own. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
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Category: News Published: August 22, 2026 Source: KVIA ABC-7 Reading time: 1 min
Frequently asked about this story
What is this story about? Paying annual fees for unused perks can be costly. Canceling a credit card may be necessary in such cases. Research from Motley Fool Money suggests that many cardholders pay annual fees on their…
When was this published? This article was first published on August 22, 2026 by KVIA ABC-7 and curated for The El Paso readers.
Who reported this story? This story was reported by Stacker at KVIA ABC-7. To learn more about how The El Paso selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more News coverage from The El Paso, or browse our daily briefing and topic hubs .
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