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New Member
Posts: 22
Registered: ‎08-07-2012
0

thinking to cancel the high interest card,any advice

[ Edited ]

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

Valued Contributor
Posts: 3,096
Registered: ‎01-26-2012
0

Re: thinking to cancel the high interest card,any advice

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.

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Contributor
Posts: 211
Registered: ‎07-02-2012
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Re: thinking to cancel the high interest card,any advice

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

Walmart TU-724 on 12-2012
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EQ-668on 08-2012
_________________________________
Wallet - Discover 1500 | Chase Freedom 1500 | OldNavy Visa 2750 | Walmart 2000 | Amex BCE 6000 | BoA Visa Sig 5000 | Chase Marriott 5000 | Amex Hhonor 2000 | CSP 5000
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New Member
Posts: 22
Registered: ‎08-07-2012
0

Re: thinking to cancel the high interest card,any advice

[ Edited ]

 

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

Valued Contributor
Posts: 3,096
Registered: ‎01-26-2012
0

Re: thinking to cancel the high interest card,any advice

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

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New Member
Posts: 22
Registered: ‎08-07-2012
0

Re: thinking to cancel the high interest card,any advice

[ Edited ]

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

 

 

 

THANK YOU

Senior Contributor
Posts: 3,197
Registered: ‎01-24-2010
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Re: thinking to cancel the high interest card,any advice


kaysss wrote:

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

 

sorry what is af card

 

THANK YOU


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.

 

New Member
Posts: 22
Registered: ‎08-07-2012
0

Re: thinking to cancel the high interest card,any advice

thank you very much

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