Feb 15

Many people are finding it better to close their credit cards these days. Considering that credit cards aren’t as attractive as they once were, I don’t blame anyone for wanting to get rid of a useless credit card. But, make sure you do it the right way.

Wrong: Call customer service and say “Take this credit card and [bleep]!” Hang up. Cut up the card. Ignore future mail and phone calls from the credit card company.

Right: Pay off your balance completely. Make sure closing the card won’t hurt your credit. Call to request your credit card to be closed. Follow up in writing.

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Tags: Card, Credit Card

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