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Originally Posted by Bird  I called to cancel a credit card this past year simply because it had only been used once in the past 5 years and that was just to see it would be accepted (it was). But the first person transferred me to another lady who did everything she could think of to try to get me to not close the account. In fact, I had to show a bit of anger to ever get her to agree to close the account. It's a weird business. |
Yup same here, I wanted to cancel my American express gold card 5 or so years ago, remember that was supposed to be some kind of a status symbol! At that time they were charging a yearly fee, well I wasn't using it much, didn't like their terms, they would never tell you what your limit was unless you went over, didn't want to pay for it anymore.
They made me jump thru some hoops and talk to supervisors and in the end offered it to me for no charge, it was like they would not take no for an answer, so I kept it another year and cancelled it after that.
Judging by that article linked to by 2manyrocks I guess I didn't know what I thought I knowed about having a few open charge cards and how that might impact a credit score.
I had to many at one time, like a desk drawer full! and noticed if you didn't use them for a long time they stop sending them, don't know how that affects your credit, only carry 1 visa and 1 MasterCard now.