Combine, Cancel, or Leave it alone?
07-18-2007 08:07 AM
This is my first post, and I've got a pretty good question for you all. I currently have 2 Cap One cards, one has a $500 CL (with $49 ann fee), the other $750. 14.9% on the $500, recently reduced 8.9% on the $750. I called to have the higher % reduced and to have the Ann Fee removed, I was offered to combine the two CLs and take the lower %, which would close the card with the Ann Fee. I've never heard of this and was curious what this might do to my credit. Any help you could offer would be greatly appreciated!!!