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ditch the Credit card

November 13th, 2006 at 06:57 pm

We got yet another mailfrom one of our many credit cards. I asked my husband if maybe we couldn't cancel it. I think it is wise to keep a couple, and wise to not cancel right before we buy a house or car or other major purchase, and wise to keep the oldest. and the one with lowest interest. But right now my bedside table has a dozen never activated cards in it! (several duplicate companies)

Seriously we have too many. SO I got my husband to agree, as soon as I pester him to call he has agreed to do so, but first we will tell them they could try to lower the rate to keep us if they really want to Smile.

4 Responses to “ditch the Credit card”

  1. monkeymama Says:

    I hear it is wise to keep them but I never do - I always keep 2 open for emergency - in case 1 doesn't work. When I get a new one - old one closed. My FICO is in the 800s so I Don't sweat it. Wink

    OF course they will do anything to keep you - LOL. Believe me I have closed 2 or 3 cards in my life - it was hard - they groveled even though I never used the dang cards. I bet they will give you cash back and lower rate and whatever your hearts desire!!! Be strong - hehe.

  2. Broken Arrow Says:

    Oh yeah, reminds that I just got another 0% promo in the mail a couple of days ago. Of course, they want me to pay an annual fee as well as a set up fee!


    I have one credit card right now, and until I get a really, really good offer, my one credit card is all I need.

  3. yummy64 Says:

    I just refuse to open any new ones. Though I always respond to the offers by sending them back, in the postage paid envelope, all the material they sent me (including the envelope they sent me the stuff in). I do write on the application "take me off your list".

    They don't. I figure they are stupid. Who keeps mailing stuff to people who just mail back the stuff they get sent.

  4. janH Says:

    My drawer, too. I am working on closing those that need to be closed. And I am constantly shredding new offers--even from people that I already have a card with. Good grief!

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