Should I cancel a credit card?
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gawen
Apprentice
Joined: 11 Feb 2008
Posts: 4
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 Posted: 07/22/08 - 08:51 Post subject: |
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| I have recently started working and moved into a new house. Because of that my bills have increased and it have opened several credit card accounts. I do not use all of them and I would like to know one thing. Should I cancel a credit card? If anyone has any useful info for me, that would be great. Thanks in advance. |
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nick
Apprentice
Joined: 13 Dec 2007
Posts: 2
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| Posted: 08/20/08 - 21:21 Post subject: |
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| Low interest credit card deals are very popular in recent years and it seems to me that it will continue to be so. However, not every low interest deal is equally good and desirable. Many banks have a packet which consists of several segments, where low interest is only one of the aspects. However, if you have several credit cards of any type, you should cancel the one you expect will be not used. It is one way to improve your credit rating, and also stop paying for having many accounts. You need to go to your bank, make sure the account is empty and sign few papers verifying your decision. |
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