Credit Cards

[slarano]

I paid on time for close to three years after the penalty APR went into effect, still no rate decrease. Have had a 0 balance on the two Chase cards for almost a year now though so Chase gets no more money from me.

[jonmartin]

I would personally close it. Whats the poing of having a "Prime" card with a Sub-Prime rate..

[Autumnslight]

Yeah, the stupid card is totally unusable given that rate. Once the 0% balance transfer is paid off (and believe me, I'm going to milk that one down to the very last moment, just because I can), then I'll close the card and get something better if they still won't reduce the rate.

[slarano]

Does it have an AF? If it doesn't, has a high limit and a long history, just sock drawer it. 

[DaveSignal]

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Autumnslight wrote:

Yeah, the stupid card is totally unusable given that rate. Once the 0% balance transfer is paid off (and believe me, I'm going to milk that one down to the very last moment, just because I can), then I'll close the card and get something better if they still won't reduce the rate.

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Or just close it and then re-apply for the same card to get a decent APR again.

[Autumnslight]

Nope, no AF, but on principal, I'm not keeping a card with a 30% APR where they refuse to reduce it for no good reason, except that they can. Plus, I already have two cards with Chase though, and I want a Freedom, so I'll just close the stupid Slate and re-apply for the Freedom when the time comes.