Question about canceling a credit card
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peabody
LET'S DO IT AGAIN!!!
Member since 7/03 3197 total posts
Wedding Date:
10/1/2004 4:00 PM
Wed. Location:
Timber Point Country Club in Great River
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Question about canceling a credit card
I want to cancel a few credit cards that I don't use. But I remember someone saying or I read somewhere, that you need to make sure the credit card gets closed a certain way so it doesn't affect your credit.
Anyone know about this?
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Posted 2/9/05 10:05 AM 
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Jan05Bride
Is that a leg?
Member since 9/03 7117 total posts
Wedding Date:
1/7/2005 3:00 PM
Wed. Location:
Westbury Manor
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Re: Question about canceling a credit card
I just made sure there was a $0 balance on all ym cards then I canceled them.
If there is a "special" way I'd like to know about it!
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Posted 2/9/05 10:06 AM
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MCDO15
You got Served!
Member since 1/04 4741 total posts
Wedding Date:
3/13/2005 5:00 PM
Wed. Location:
Giorgio's at Fox Hill
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Re: Question about canceling a credit card
a bank can close the account under there terms, it looks bad... (its like sombody taken the card away from you)...
vs
i want to cancel this card because i dont use it anymore. ensure that they send a confirmation letter of the transaction confirming that You (the cardholder) requested this account closed..
also, dont give them a reason why you want to close the card else they will try to counter it (this "could" work in your favor) to drop the rates)
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Posted 2/9/05 10:46 AM
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LoriH
"I'm Addicted"
Member since 12/03 1196 total posts
Wedding Date:
9/4/2005 3:00 PM
Wed. Location:
Stewart Manor - A+
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Re: Question about canceling a credit card
Another thing that will affect your credit is the length of time you have had the card. Close newer cards before long established ones.
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Posted 2/9/05 11:07 AM
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