Closing a card @ the 6th month mark!!!!!?????

[Anonymous]

I have had far too much of my HSBC Rewards Zone Master Card!!!! It's lofty $300CL with no chance of growth bothers me and so does HSBC's lovely service! I was going to wait till 11/08 to axe it, but each time I think about it, it p***es me off! Should I wait the full year for the scoring-age benefit or should I axe the darn card and never think about it again?

What would you do?

Keep in mind I have:

Penfed $15k

Bofa $7.5k

Wells $3.9k

Cap1 $2.85k

USB $2k CLI at end of month

As well as several store and a gas card....

Thanks for all of your input!!!

[Anonymous]

Car,

As much as it irks you I wouldn't cancel it unless there is an annual fee on the card. Simply put a coffee or a tank of gas on the card every 3 months to keep it active. You never know, eventually they may change their CLIways and extend you more credit or give you a great balance transfer offer.

[Anonymous]

There is an AF, and it is due on 11/08, note the axe date.......

[smallfry]

Where's that shredder?

[Anonymous]

One other route you can go is hold onto it a few months, apply for a CLI with BoA and Wells etc over the next few months (not if you just asked for one, allow 6 months from your last), but basically your strategy could be to amass a few lines thousands over theirs, call up before the fee is due and say, "look I would love to give your card more use but I need a higher line and no annual fee." If they don't waive the fee or let you convert to a card without annual fees then I would can them at that point. It might be worth a try though.

[Anonymous]

Sometimes it doesn't matter the small and temporary drop in points. As they might say in Georgia "Sometimes a thang just needs kill'n"

[Anonymous]

Not like there's much history there to lose, anyway. If the AF makes you hot under the collar, and the CCC won't eliminate or reduce it, I say whack the card and bury it out in the desert.

[Anonymous]

Great advice

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smallfry wrote:
Where's that shredder?

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[haulingthescoreup]

You won't lose the history for another 10 years anyway. It will keep on reporting after you close it.

The only thing that you'll lose is that whopping $300 CL. Just make sure that your util is down. But depending on how high your overall CL is (all your revolving together), it might not even make a difference.

Barclays Barnes and Noble is going bye-bye in 3 weeks, and it will only be 4 months old. My BB store card is probably history some time this fall. I didn't plan on getting these, and they just annoy me.