Should i cancel these cards

[Anonymous]

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@Anonymous wrote:

What cards will you replace the current cards with and are your scores to the point of not needing to pay the fees?

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My scores are in the mid 600's one baddie showing on my credit report which is a paid collection. Well i was just approved a JC Penny store card with a $650 credit limit so that will bassically cover both cards.

[Anonymous]

My personal opinion is that you should leave them and try and get some money refunded if possible. 

I had a similar situation when it came to Orchard Bank and I used HSBC for what I needed and packed my things up and left the building.  Use em and forget em if they charge you a special fee!!!

Congrats on the JCPenney Card!!!

TheTaxMan

[Anonymous]

Thx i think i will keep both cards until next year i will cancel both cards before they slap me with another annual fee.

Message Edited by mjbfan79 on 12-02-2008 08:20 PM

[Anonymous]

that you remember to cancel these accounts when it is time for them to die.  I know a lot of these cards try and charge you a month early in order to screw you over.  Also, when you do cancel make sure to have a letter sent to you and keep it on file forever in case they ever try and act funny.

TheTaxMan

[Anonymous]

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@Anonymous wrote:

that you remember to cancel these accounts when it is time for them to die.  I know a lot of these cards try and charge you a month early in order to screw you over.  Also, when you do cancel make sure to have a letter sent to you and keep it on file forever in case they ever try and act funny.

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Well it looks like i will be keeping my first premier now . Hooters closed my account.

Message Edited by mjbfan79 on 12-02-2008 08:50 PM

[Phrostbyte]

Why would you pay for a service you don't even use (let alone pay for a credit card at all)? Doesn't make sense to me.

[Anonymous]

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@Phrostbyte wrote:
Why would you pay for a service you don't even use (let alone pay for a credit card at all)? Doesn't make sense to me.

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Cause i can't get approved for a credit card without a annual fee you think i like paying fees lol

[Phrostbyte]

Are you a student by any chance?

[Anonymous]

hyprble had it right:  call and ask them to waive the fee or you'll take your business elsewhere.  But be nice about it; even small companies often have enough customers to let nasty ones go.  Also, charge something small every few months so the cards don't become inactive.  Remember, CCCs make money from merchants when you use their products, not just from fees that you pay them.

[haulingthescoreup]

Have you read this yet? It might help you think some of this stuff through:

Closing Credit Cards