Credit Cards

[kaysss]

i got approved low interest  chase and Citi  at 8/7,i am thinking to cancel the high interest  

1  2004     chase slate  ,interest rates 25% CL $500    no balances  
2  2006     chase slate  ,interest rates 27% CL $600    no balances  
3  2010     capital one   ,interest rates 25%CL $1500   no balances  

ANY ADVICE  

THANKS

[Crashem]

Not sure what you are saying.  You have two chase slates?  Can you list your cards and when you got them?  Also say if there are running balances or pif.

[wealthcreator]

What is the point of cancelling if there is no annual fees?

[kaysss]

1  2004     chase slate  ,interest rates 25% CL $500    no balances  

2  2006     chase slate  ,interest rates 27% CL $600    no balances  

3  2010    capital one   ,interest rates 25%CL $1500   no balances  

THANK YOU

[Crashem]

Much clearer now.  Yes don't  cancel no af cards.  Also you can probably call chase and request for lower apr.

[kaysss]

does chase need to check my credit report again when i request for lower apr.

THANK YOU

[Wolf3]

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kaysss wrote:

does chase need to check my credit report again when i request for lower apr.

sorry what is af card

THANK YOU

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AF is Annual Fee.    Cards with AF should justify their fee in rewards and perks, if not general advice is close them.

High APR does not matter for cards that you PIF (Pay in Full ) each month.   So it is not necessarily a good reason to close a card.

[kaysss]

thank you very much