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Can I cancel a card?

Date: Wed, 06/02/2010 - 10:32

Submitted by anonymous
on Wed, 06/02/2010 - 10:32

Posts: 202330 Credits: [Donate]

Total Replies: 5


I was approved for an orchard bank card, but then approved for a capital one card. I'd rather not use the orchard bank one since it has an annual fee. I paid the 19 dollar processing fee, but could i just choose not to activate it still?


I think it is a bad idea to keep credit cards that you don't use just for the sake of having them. You have to secure and monitor them. Just too many opportunities for problems.

I recommend you keep the two oldest major credit cards that don't have annual fees. If these aren't the best interest rate, still keep one. You don't want to close all your history.



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Debt


lrhall41

Submitted by dominickcusack on Fri, 06/11/2010 - 21:04

( Posts: 4 | Credits: )