The downside of cancelling credit cards is supposed to be that it can hurt your credit rating, but my opinion has been that it is something to do fearlessly with perhaps only some caution if you are about to apply for new credit somewhere. Finally here is an article that says much the same. Note that they don't say it is a complete myth, however.
Sue and I are on guard for shenanigans, like all of a sudden an annual fee.
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1 comment:
Good to know.
We don't really have many credit cards anyway.
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