- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
credit card two part question
Posted on 1/8/13 at 6:15 pm
Posted on 1/8/13 at 6:15 pm
I just paid off two credit cards. These two were the only ones I qualified for at the time of my credit history which was almost three years ago.
amazon (chase) card at 22%
barclay card at 22%
I would like to no longer use these two and get one that has a much lower interest rate. I've qualified for capital ones cards at 14% but are there better ones out there for me ? I dont really need the miles rewards as I rarely fly.. just seeing what my best options are
Part two, Should I keep these other two cards "open" ? amazon I only have a 400$ limit but barclay I have 1500$ .. and If i were to close it out what steps do I need to take. I've read closing out credit cards / not using them hurts my credit. Thanks
TL:DR, what card to get since my 22% card is paid off / should I close my high interest card out
amazon (chase) card at 22%
barclay card at 22%
I would like to no longer use these two and get one that has a much lower interest rate. I've qualified for capital ones cards at 14% but are there better ones out there for me ? I dont really need the miles rewards as I rarely fly.. just seeing what my best options are
Part two, Should I keep these other two cards "open" ? amazon I only have a 400$ limit but barclay I have 1500$ .. and If i were to close it out what steps do I need to take. I've read closing out credit cards / not using them hurts my credit. Thanks
TL:DR, what card to get since my 22% card is paid off / should I close my high interest card out
5
Posted on 1/8/13 at 6:17 pm to dischNoutTAspd
Why are you interested in getting another credit card when you just admitted to finally paying both off?
What are you hoping to accomplish?
What are you hoping to accomplish?
This post was edited on 1/8/13 at 6:18 pm
Posted on 1/8/13 at 6:19 pm to wegotdatwood
i just want a card with a lower interest rate.
Posted on 1/8/13 at 8:45 pm to dischNoutTAspd
Why do you want a low interest rate? You shouldn't carry a balance on a card unless its an emergency
Posted on 1/8/13 at 8:48 pm to BACONisMEATcandy
quote:
Why do you want a low interest rate? You shouldn't carry a balance on a card unless its an emergency
This. 14% interest is still waaaay too high to carry a balance. It's perfectly fine to keep your current cards so long as you pay everything in full each month.
Posted on 1/8/13 at 9:17 pm to dischNoutTAspd
quote:You shouldnt use the card unless you plan on paying it in full every month
i just want a card with a lower interest rate.
Posted on 1/8/13 at 9:19 pm to saderade
quote:
You shouldnt use the card unless you plan on paying it in full every month
Posted on 1/9/13 at 6:35 am to dischNoutTAspd
Don't get another card, and stop borrowing money. Stop worshipping at the alter of the FICO score, it's a losers game.
Jesus, these damn kids and their damn credit cards.
Jesus, these damn kids and their damn credit cards.
Posted on 1/9/13 at 7:49 am to Vols&Shaft83
I AIN'T A KID I WORKS AT MCDONALD'S AND MY MOMMA IS PO
Posted on 1/9/13 at 8:20 am to dischNoutTAspd
What do you need another credit card for?
Posted on 1/9/13 at 8:28 am to dischNoutTAspd
You trolling or serious?
Posted on 1/9/13 at 10:29 am to dischNoutTAspd
dont close any of your credit cards, if you do your credit scores will drop, 40% of your scores comes from revolving debt. keep a small balance on them and immediatley pay the balance off in full so the interest rate does not effect you.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News