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Multiple Credit Cards

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Anonymous
Not applicable

Multiple Credit Cards

Have a question regarding BK - I have several cards from the same company -
( am ex, am ex blue, am ex one ) ( B of A - 3 cards ) - If I keep a card out of the filing - will the company cancel it because their other cards are part of the BK?
TIA -
Message 1 of 6
5 REPLIES 5
Tuscani
Moderator Emeritus

Re: Multiple Credit Cards

Not usually.
Message 2 of 6
Anonymous
Not applicable

Re: Multiple Credit Cards

Thanks for the reply - 1 more question - Is it better to keep a card with the lowest interest rate or the one that I have had the longest?
Message 3 of 6
Tuscani
Moderator Emeritus

Re: Multiple Credit Cards

Depends.. do you care more about saying money.. or your scores? Smiley Happy
Message 4 of 6
Anonymous
Not applicable

Re: Multiple Credit Cards

Since I am beside myself for having to file for BK - My score is very important to me - and having learned my lesson, I will not get into the same trouble with my cards..
 
Message 5 of 6
Boswd
Valued Contributor

Re: Multiple Credit Cards

I would go with the one with the lowest interest rate, besides the fact of it will be a cheaper card, after your BK  your scores will tank and it won't mean much that a card would have a longer history. 
Go with saving the money.
Message 6 of 6
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