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Originally Posted by niki_the_tiger
We called all the credit card companies and asked them to lower the rates. One gave us a special rate for 3 months of 3.9% then up to 10.99% (still lower than the 12.99% that we have now on it) but would not go any lower. This is the one we want to keep for sure though, it has the biggest balance and my hubby has had it for the most years.
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Call back in three months and have them lower it back to 3.9 % again when it is about to get bumped up again.
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Originally Posted by niki_the_tiger
The other said sorry, can't do anything unless you transfer your balance to another card, then we will send you a new offer. They are at 15.99% (too bad, I enjoyed using that card becuz we got free points towards Amazon books, and both of us buy books from Amazon all the time... we had 0% for 6 months, but that just ran out) <--- we might cancel this one, we've only had it 7 months, would it be ok to cancel it? This one has the second highest balance but also the highest interest of all our credit cards (other than store cards).
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Then find a lower rate card where you can transfer the money to - and force that card to lower the rate by saying you will transfer the money...or do the transfer to a lower rate card.
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Originally Posted by niki_the_tiger
We're good at not using credit cards when we're determined not to. Or we leave them at home if we're scared we might use them.
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If you are good at not using them but you want to close some of the accounts, I would do it in this fashion. Once you have paid off a card in full, put it someplace to the side where you won't use it. When you pay of the second card, close the account that you've had the shortest amount of time and place the other card someplace where you don't use it. This will ensure you always have available credit (good for your credit score) and will ultimately decrease your cards.
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Originally Posted by niki_the_tiger
None of our cards have yearly fees.
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Good
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Originally Posted by niki_the_tiger
Oh we also have a Sears card (we were going to buy a washing machine and stove when ours broke down and wanted to get the 0% financing, but then someone gave us one of each) and an Old Navy card. Both are at $0.00 and we don't even have them in our wallet... is it okay to keep those (we get special offers by having them) or should we cancel them?
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If there is no danger of you abusing them, keep them open. They will help your credit score.