Cutting Up Credit Cards

[Alex_Adviser]

Cutting up a credit card does nothing; it's not like the issuing agency has cameras in your home and can see that. I know that some credit card companies will cancel your cards if you don't exercise them enough, and you can not do that if they are cut up.

I think its a good idea to cut off two of your eight cards if your are not using them.

Regards

[Green43]

I received a letter from Citi saying that they were going to raise my interest rate unless I called to opt out. However, if I opt out, they are going to close my account. Does anyone know how this will affect my credit? Why would I not opt out?

I would say feel free on mine..0Xwhatever=0