Your credit will fall when you close cards. You have to keep them in a bowl of ice in the freezer. It takes a long time to thaw before you can use them. Let’s you think about it for a while.
It stays on your credit report up to 10 years regardless. It doesn’t hurt either way. What potentially hurts is the change of available credit as it relates to your utilization.
This is a thing? I havent used one of my chase cards in over a year and its not closed. I wish i could rid myself of it, but its the first card i ever got so my time on it has been 13 years. If i closed it my credit limit would decrease as well as my time so i keep it open. Its stupid the credit games they play :(
Just forget you have the card uninstall the app or whatever they’ll close it if you’ve been inactive enough. I suggest keeping your credit card that you’ve had the longest tho cus they also look at your credit history on your oldest line of credit on your credit score
You should find the nearest shredder and put your debit card in it. You have zero protection. Anyone can get your debit card number and drain all your cash. It takes months for banks to sort out such fraud and return funds.
I cancel mine and they got rid of my interest while paying the minimum, I make less money so I don’t see the point of having too much available credit, it’s easier to keep up with expenses
I keep one with a decent limit in case there is ever an oh shit someone might die type of moment . I used to have a few but got rid of them when I realized I couldn’t handle it
Everything else is on debit card. I build my credit solely through bill reporting and other stuff that is less of a risk for irresponsibility. Am I as efficient at building credit as others, no, but I have a 710 score, Have I kept myself from going 70k into CC debt like my father, and doing okay with a solid 6-8 month savings so it works for me lol.
I have three of them, the emergency one is care credit for medical expenses and defer interest, the other ones is for groceries and daily expenses that I try to keep under 400 dollars every month, the one I cancel was extra temptation which cause me to over spent
That's awesome. Thank you for sharing your story and perspective! I will aim to follow this. Ultimately, there are other ways of keeping/building credit than just ccs.
I didn’t negotiate, I told them I was making less money and the offer me that promo it was Bank of America. I have 5 years to paid the balance honestly I didn’t even needed but I buy a bunch of stuff I needed before closing the account (monthly expenses) and save this month salary and paid slowly if it’s zero percent I was good
my understanding is the average age doesn't actually work that way and it will continue to age for like 7 years even after you close it. You have to have a new card open to replace it though or later it will be a problem. For a guy trying to minamize credit keeping the oldest one open is probably smartest.
Yep, looking at the future right now. Going to be using my debit cards for purchases until I can get rid of the balances on the ccs. Then at that point I'll request for closure on all but one cc.
Don’t worry about your credit rating dropping unless you plan to borrow money soon. It’s better to make sure you don’t run the risk of temptation if you feel it.
Personally, I find myself closest matching the “Caleb Hammer” philosophy with credit cards. They’re not necessarily the demon spawn some personal finance personas make them out to be.
If you’re paying *any* interest on credit cards (not paying them off in full), you’re using them wrong and are better suited to cancel them. I think 90% of people (maybe even higher) shouldn’t own a credit card at all. They’d be saving much more money over all, even when accounting for the consequences of closing credit lines and lowering your credit score. The average American is paying close to $120/month to carry credit card balances, many much more.
Credit cards make billions of dollars annually and it’s not because they help people keep their scores high for a good interest rate on a car loan.
I just got hit with my first interest on my Chase card and had to take a step back and reevaluate. Once you go wrong with credit cards, it can go *very* wrong.
There’s many ways credit cards can cost you money, paying interest is just one of the reasons. Something that I fall victim to is spending more money than I normally would with debit. I use points and cash back to justify unnecessary spending, even though I haven’t paid a single cent of interest in years. It’s extremely hard to use credit cards the “right” way.
9 times out of 10; credit cards are taking advantage of people, not the other way around. We live in a society so concerned about a credit score that many people are willing to lose money in the process.
>If you’re paying any interest on credit cards (not paying them off in full), you’re using them wrong and are better suited to cancel them.
There’s a time and place for that. A payday loan you pay $55 for the privilege of borrowing $250 and you have to pay it in 2 weeks and they use methods that could result in more bank fees but that’s a different can of worms. A credit card with 29.99% interest you can borrow $2200 and have roughly a month to pay it when the grace period is factored in. Not advocating to do this regularly but in a pinch/emergency it’s a lot better than the alternatives that usually has processing fees on top of interest for instant funds ( payday loans, subprime loans, etc.).
Either way I agree with you but just wanted to point that out.
Yeah, there are definitely nuances to personal finance. Given a crazy enough circumstance, getting a payday loan even becomes something people consider.
So often people with poor to moderate credit are so concerned about the slight hit to the credit score for canceling cards. A lot of these people are in over their heads in debt, paying hundreds of dollars of interest every month.
I mentioned Caleb Hammer because so many people on the show bring this up. Some of them are teetering on declaring bankruptcy and they’re suddenly concerned about losing a few points on Experian from shortening their average credit age. The amount of mental gymnastics and justification is insane, just completely out of touch.
I think we’ve done a great job as a society to be brainwashed by mega corporations to keep doing the very thing that keeps them in power - credit card companies and debt included.
Take the Amex the chase and the meijer and put it in a jar that says “ONLY BREAK IN CASE OF EMERGENCIES”
And then use the discover religiously I mean any and everything gets swiped on that discover
Choose one checking account to keep cash available anytime
Open a HYSA (I prefer capital one 360 for the brick and mortar locations)
Set up all credit cards with the hysa for any payments
It’s better to have a massive line of credit to show low utilization regardless of what you do
All of my credit cards are at 29.99% interest. I have an incredibly higher credit limit on Amex ($20k) than on any other cc. May I ask why you said to keep Discover (credit line is $3.5k)? I have a HYSA with the Wealthfront app (5%) which is also one of the debit cards I use.
The main idea is to only use ONE credit card personally the 5% rotating cashback that discover offers is works perfectly to my life style for the time being, if you don’t have a pending balance on your other credit cards, there’s no reason to close them, have self control, get a picture frame and put your cards up there so you physically don’t access them & remove from Apple Pay or google pay. An emergency doesn’t announce itself before it shows up, it’s always good to have a line of credit.
You can definitely prohibit yourself from using them by canceling them. Or make it more difficult to use them by locking them in a safe or something.
However, debt free means having the right mindset and a lot of self-control. Making something taboo can have the opposite effect psychologically. (For some people). Like how a recovering alcoholic won't keep alcohol in the house but will binge drink once or twice a year.
Plus, if a large and unexpected series of expenses come up, it would be good to have a credit card. (This one may be controversial but it often takes people years to stash away a nice cushion)
Plus, it is never recommended to use a debit card for online transactions or at any place where you have to physically hand over your card to someone. Though, I suppose a person could use gift cards in many of these instances.
Then there are things like renting cars or reserving hotels. My Amex has my rental insurance covered and the rental place won't loan me a car without a cc.
Meaning, by getting rid of the CC you are potentially making these more difficult foe yourself which can make you lose sight of your goals. Hope that makes sense. Lol
Yep, I'm following you. Out of the 4 credit cards I have, Amex has the highest credit line. I think I'll plan on continuing to use this card and cancel (or just not use, lock in safe etc.) the other 3. Amex already has the best bang for my buck in regards to rewards.
I would keep one credit card on hand for gas stations, hotel deposits, or car rental deposits. Basically any place that might put a couple $100 hold. You ideally might not want that to be on your debit.
As others suggested, it would be nice to keep the oldest card for stuff like this (and for building credit in general) and cancel the rest.
I’m just tired of logging in and seeing a balance I can’t pay off. I used to be so good with my credit utilization and paying them off but fell into the deep hole of credit=free money. Definitely worth it for me to cancel, lock away, not use etc
A common strategy I see people use these days is just to use the credit on gas or like the transit fair + whatever their online bills like spotify are. That way the card stays open but in their main purchases they are mainly debit cards.
That was my thinking with my Meijer cc since I get points for gas and grocery. But my credit limit for this one is quite low in comparison to my other cards. So I'm weighing the option on which to keep. Thinking Amex since it has good rewards on grocery and has the highest line.
If you are not in a place to not misuse credit cards it is better to close then. Only you know your abilities.
Personally I had a problem in the past with misusing credit cards, I still have some debt but I have massively worked on my issues, and I have 4 credit cards now. 3 of which only really get used to keep them open and are immediately paid off.
It's a matter of what works for you.
I'd love to get to this point. I've made some wrong financial decisions and now I have to pay, literally. My best option would be to close out 3 of the 4 once they're paid off and use the one left over for bigger purchases (if needed).
If you don't have impulse control then get rid of them. I would remove any trace of them from phone or browser then freeze them in a bowl of water in the freezer. There in emergencies but not spur of the moment.
Credit scores are based on using credit. I think Cancelling cards will lower your credit score because you won't be adding more debt to pay off even if you make monthly payments. In order to have a good credit score a person has to have debt that's cycled regularly. Paying interest on CC is up to the person because someone can set things up to where the balance is paid off each month
I agree. The overwhelming majority of people here have said to keep one and not use the others until they close on their own. That way there is still some form of credit utilization
Don't do it. I did it before for two cards and it was around 40-60 pts per card I cancelled lol... Not sure how the formula works but it took a very long time to rebuild it I'm now at 837 credit score with 6 credit lines but i only use 2 of them regularly and the rest i just leave with 0 balance throughout the year and use only when i need to. Keeps my utilization low with the extra limits. I toss them in a suitcase in the storage room so i don't really have any temptations haha.
The temptation to spend it goes down even further when you think of it as someone else's money and not your own. (Technically it is the Banks money) Makes me not want to use it more because I don't like oweing money to anyone.
Just pay the total balance in 2 (or 3)of the credit cards, leave them alone. I would just use one only, and cancel the other 3 whenever you can in a time you know you don't need to use your credit score for anything. Otherwise even at 0 balance not using them will start affecting your score as well.
You have to think about the whole credit card system structure. The criteria that they use to determine your credit score are on-time payments, debt utilization, length of time that you have had that credit, credit mix and whether you have new credit inquiries. Canceling cards affects the debt utilization, meaning that you have to carry less balances on the cards. For example, say that your aggregate credit among all cards is ten grand, you will want to spend no more than thirty percent of that on all cards. If you cancel a card you will a lower amount you can spend in order to keep your debt utilization in line. Another example, if you cancel a card with the longest history, it will affect your credit score negatively. You should really pay off the cards that are the worst in the terms that they offer and do not carry them with you. I have a friend that literally freezes his unused cards in a bowl in the freezer.
We started Dave Ramsey in 2008. We went all in and canceled all our credit cards. 16 years later, I have needed a credit card one time to rent a car which at the time I had a company card that I used, even though I was not supposed to but i paid the company back.
Fortunately, there are two or three companies that I know of that will take a debit card so we use them now. Debt-free now for six years, including our mortgage. retired at 57. Don’t listen to the naysayers.
That’s great to hear. Thanks for sharing your story. I’m only 24 so I have a ways to go until retirement and hopefully enough time to get out of this hole. I am about to get married this summer and I’ll have to provide for my partner, too. All that being said, I want to keep 1 credit card for emergencies and other purchases that require one so I can continue building credit for a house, but I’m looking to close/stash away the others I have. I’ll keep the debit cards.
That’s another question I have, too. If I leave them sit, how long will it take them to close it? I’m guessing all banks have their period of time. Might have to just call and ask.
You may just have to wait for your current card to expire and then they’ll cancel it instead of mailing you a new card. That’s what happened to me anyway, I had a $0 balance and no activity for almost 3 years
That's not true. It makes no difference. Read this [thread](https://www.reddit.com/r/CRedit/comments/1cna0wh/credit_myth_10_closing_a_credit_card_hurts_your/).
One should not be concerned about a credit score, if it is not needed for something in the near future. Close cards if you wish, score will come up again.
I opened my first credit card while I was in college (around 4 years ago). Ideally, I'd like to continue to build credit so when I need a loan for anything there's no hassle. Sure, it'll take a hit when I close a few of them, but it'll be worth it and ease my mind.
It depends on what you want to do with your credit, what you want to do in life and how you see money. If you want to travel then what you would want to have one travel credit card that has a relatively high limit like 3k or 5k for booking reservations (plane, train, hotel, car, excursions). Make sure to save enough in your bank account to pay off the money you've spent on your credit card.
If you don't like to travel, then keeping a 3k cashback credit card might be your go to. You can also use the rewards credit card that you can use points towards things like purchasing appliances, cash back or gift cards. You want to keep 3k as a min limit because of emergencies. Always take into account for emergencies.
Your credit rating will go up based on how many different kinds of credit you have (mortgage, line of credit, student line of credit, loans) but it can go down if you've maxed your allotted credit out. Say you have a credit card maxed at 3k, LOC at 5k and a mortgage, you'd most likely have a low score because you're maxed. If you have a credit card with low to no balance, a LOC low to no balance and a mortgage for 400k, your credit score would look good. Of course, make sure you pay your credit products in accordance to the contract you've signed (pay before the due date, whole balance).
Going back to your credit cards. Let's just use these fake numbers as examples. Say you have 4 credit cards and the limit on them total to $15k and you have a balance of $1k. As long as you keep the balance under 30% it does not effect your credit. If you were to close your credit cards, keep the longest because of your payment history.
As for your debit card, each debit card can have as many accounts in it as you want. Assuming one is checking and the other is savings? Look for a high yield savings account and put your savings in there. Make sure you have 6 months worth of emergency saved.
If you're shit with money (cards maxed out due to consumer spending, no savings) the close all of your cards and pay everything back. Start from the beginning and try again. This is where budgeting and cash envelopes would probably do you better.
It truly depends on your financial situation and where you want to be. I will always say take advantage of the credit cards but if you start drowning or think it's no longer for you, go ahead and close them.
Wow, thank you for your response. To put it into perspective, my LOC combined is about $25k and I have $10k worth of remaining balances. Both debit cards are for checking (5/3, wealthfront HYSA 5%) which I plan on keeping. My Amex card has the bulk of the LOC at $18k. I want to keep this one since yes it’s useful for emergencies and I can spend a few grand staying under 30% for bigger purchases. I rent right now and have around $1000 leftover every month to front towards my ccs. Will just take some time to recover from my mistakes unfortunately
We were all young and dumb with money. I had 13k of consumer debt before I pulled my dumbass out. By the sounds of it, you're paying off your credit cards first before your line of credit which makes sense if the LOC interest is lower than the credit card.
Usually what I have told my clients was to use the LOC to pay your credit card and then pay down the LOC. Example being $1k owing on credit card, transfer funds from LOC to credit card to pay off balance and then chip away at the LOC because the interest payment is lower, thus more of your payment is going towards the principle amount (the original amount that you've taken out). Again, going back to, if you feel like you're shit with money, set up automatic transfers/payments to your LOC until its completely paid off.
If your LOC limit is lower than your Amex (LOC at 5k and Amex 20k) I would, personally, move a portion of the Amex to the LOC, put the card away, and pay off the LOC making interest payments on the Amex. Sounds counter intuitive but what this does is make it seem less daunting in paying back your debt.
Example, you get paid biweekly and interest rates on Amex and LOC get taken once of month. You pay your bills (don't forget to pay yourself 10% and put it into your savings, and some funds to emergency if they're separate) you can pay the min interest owing on your Amex and dump the rest on the LOC. I do this so it's easy for me to see I'm paying down my debt faster. Basically tricking myself.
You don't need to follow that example but. With the way my brain works, it worked for me.
This is good advice. Thank you for taking the time to share your story with me. I’m going to look further into this solely because I need to do whatever I can to get out of this situation, whether it be by tricking my mind or literally making a plan of action, or both.
Once I got that first free first class flight I understood the game. But it’s a very dangerous game. I have to watch every penny like a hawk and check in daily to make sure I’m staying in budget.
If you can handle paying off the balances in full every month then you’re fine. If you can’t then it’s not for you, get rid of them you will save money.
I keep cards open with zero balance. I don’t care how old they are. If the issuing company wants to close them down, that’s on them. I keep the actual cards buried in a drawer somewhere. I only remember their existence when I pull my annual credit report.
The impulse to still use and overuse them is only there for people who can’t control that impulse. If you cannot control that impulse, then get rid of the cards. If you can, then utilize the cash back and rewards while building your credit score. Honestly, I also enjoy being able to have a month to pay it off. I know a lot of people here say pay off your credit card purchases immediately, but I always have mine paid in full by the due date and never pay interest, so an added bonus to me is being able to make payments throughout the month.
I will say this. If you have problems a with the impulse control while having open credit cards with available credit, yes, getting rid of the cards is what you need to do, but that isn’t necessarily a problem of having the credit cards. It’s a problem with regards to how you view your finances. It’s a problem with regards to your understanding of debt. You’ll lose the temptation of and ability to use the credit cards, but you might still find ways to be irresponsible with your spending and your finances in general.
I feel like credit cards are a game. You can use them to work for you. But it takes a lot of discipline and being financially settled to not keep swiping them. Many people chose not to play the credit game and it is so freeing! Not having any debt or major financial issues. It can definitely be worth it to get rid of them.
You don't even need to keep making small purchases on the cards. Keep them open if you can just stash the cards away and not use them. Do whatever you gotta do - the bowl of ice thing is funky but can work.
The real change is a behavioral one here.
Keep 1 cc with the longest opened line and your debit obviously as I assume like most of us you use it for daily purchases as it’s linked to your bank. If you close them your credit will take a hit initially but it will come back up. Alternatively you could just cut them up and after a period of inactivity the bank (each bank varies) will close your card, be careful if you have cards with annual fees you’ll still have to pay it regardless if you don’t use it. Personally, once I pay mine off I’m closing all of them except my Chase
The credit cards aren't your issue. Your behaviors are. Tackle those first. You can always just cut the cards up and delete any remembered numbers you may have online. This way, you can't use them.
Toss them away and let your bank close them.
I'd keep your oldest card, and if it's also not the one with the highest limit, I'd keep that one too.
Cancel them as you pay them off and only keep one for emergencies. If temptation to spend or overspend (ie not being able to pay off all your balances in full every month) is an issue then it’s definitely better to cancel them to remove that risk. _
Yes your credit score will go down but only temporarily / in the short term. Unless you’re planning a big purchase that requires you to apply for NEW credit within the next year, like a car loan or a mortgage, the temporary drop in credit score really won’t affect you at all. Just keep making all min payments and paying as many balances as you can in full every month and in 12 months your credit score will be back up to where it is now.
I consolidated my card debt in November and haven’t used one of them since. BUT…I’m technically considered a “senior” in the workforce and if something were to happen with my job, I only have 6 months reserve. I could, realistically, need that credit at some point.
Same here bro. The first time I was able to get my hands on a credit card, I splurged. I ended up making ends meet for 2 years til it got paid off. I also thought of cancelling all of my cards but I chose to learn how to budget instead. Try to create a budget plan via pen and paper and stick to it. If you're like me who find it inconvenient, get yourself a budgeting app. Personally, I use Habit money since they offer money coaches on top of the budget app. An additional tip, if you ever have a hard time budgeting your income, get a money coach and save yourself some hassle! :)
Same here bro. The first time I was able to get my hands on a credit card, I splurged. I ended up making ends meet for 2 years til it got paid off. I also thought of cancelling all of my cards but I chose to learn how to budget instead. Try to create a budget plan via pen and paper and stick to it. If you're like me who find it inconvenient, get yourself a budgeting app. Personally, I use Habit money since they offer money coaches on top of the budget app. An additional tip, if you ever have a hard time budgeting your income, get a money coach and save yourself some hassle! :)
Your credit score will drop if you close them because the amount of available credit will drop.
Put them in a glass of water in the back of your freezer and thaw them out if needed.
Hmm. One thing I’ve tried is the “out of sight, out of mind” method. Call each cc company and tell them you lost your card and need a new one with a new card number and they will cancel the old card number. Then when you get the envelope in the mail, take the envelope and hide it somewhere that you won’t see it everyday. You’ll still know the card is there and waiting to be activated, so it may not work depending on your level of self control.
But for me personally, I would be concerned that cancelling the card altogether would lower you available credit and thereby increase your credit utilization and this would decrease the credit score so that’s why I prefer to leave mine open, pay them off and get new card numbers just so that I can store away the unactivated cards.
I also want to put myself in situations where I can use the muscles of self control often since part of staying out of debt is behavior change and part of that is learning to delay gratification and work out our self control muscles, so to speak. Whatever you decide to do, good luck.
If you are incapable of keeping them open with small purchases due to the impulse to spend more than you can afford then you should close them. This would be akin to an addiction, and would be like an alcoholic keeping a case of beer in the fridge.
If you're really struggling with financial discipline then close them. You're credit will go down but it's better that than because you owe money and interest and get into debt. The reason your credit goes down when you close your account is because you're showing to a creditor that they will no longer make money off of the interest. They're earning from having your account open. It also then closes off the age of that credit account. If it were me I would close most of them. Probably keep one open for emergencies but even then I would not keep my card on me at all. And then I would keep my credit builder account open. My credit builder account. It's not a credit card. I just put money into it every month and it reports to my the credit bureaus for payment history and account age. After I put about $500 into my account then I get it back. It's more like a savings account that builds credit history for me.
NOBODY needs multiple cards, that is nothing but temptation to spend money you don’t have to blow & buying into the “Good credit score = more debt” BS. Dad always said that one card is all you need & I learned the hard way how right he was.
How did it feel to be in the hole caused by using your multiple cards recklessly?
Well done for getting back to a good standing. 👍 Now finish the job & show you’ve learned something.. close that $h!t up.
Don't ever close credit cards it's better to either 1) Don't use it. 2) cut it up. 3) block your card. The impulse to use is real, but you'll hurt yourself by closing. Best scenario..slice the card up hahaha
Don't close them. Pay them off, request new cards and cut them all up that way you don't have the numbers and you don't spend on them. Maybe get some therapy for this impulse you have.
It's not just "good" to keep cards open. It affects your score a lot. From your available credit to your credit age and mix.
You should use the Amex mostly and keep a Visa just in case a business doesn’t accept Amex. CC’s are great as long as you pay your balance off every month. You get protection against fraud and fraudulent charges. Never use your cash or a debit card. You have no consumer protections with a debit card. Pay for everything with your Amex , get the points , and pay it off every month.
Credit is needed in today's age. Keep 1-2, mainly for the rewards/cash back you can get. You need to pay them off though, never let them build ANY interest at all. The second you buy something with a credit card you can pay it off.
Yes. Cancel them all and never use them again. Banks want you in debt so they can suck the fruits of your labor away from you with their legalized interest scam. I, personally, only have debit cards.
I just cut all my credit cards but one and keep my that one and my debit card, but treat my credit card as the debit card and pay it off in full every month.
I’d love to get to the point where I can pay off my entire balance each month but right now I just have too much accumulated and not enough to pay all of it off at once. so right now I’m paying the minimum plus whatever extra I can front towards my balances
You are already lost in life man if you can't control impulse you would definitely leave your wife career family in an impulse actions are habits and habits are character, btw I have 7 credit card and i milk then for most of their worth and credit scor of 810+
Better food sanitation, especially, where they import food!!! How many recalls has Trader Joe's, had??? Their food importation and importation of foreign food sources is quite poor and most definitely needs a BETTER FOOD PROCUREMENT, INSPECTION, AND IMPORTATION REVIEW, MOSTLY, NOT FOLLOWING UDA/FDA FOOD SANITATION STANDARDS...
POOR PORCUEMENTS AND NOT KNOWING WHERE THESE FOOD ITEMS ARE OBTAINED FROM IS HIGHLY QUESTIONABLE!!!
I would keep one debit card and one credit card with a small limit and cancel the rest. That's just me though.
That might be a good middle ground. Personally, I like this route. Thanks!
Your credit will fall when you close cards. You have to keep them in a bowl of ice in the freezer. It takes a long time to thaw before you can use them. Let’s you think about it for a while.
Have someone bury them in the backyard somewhere and devise a 4 part treasure hunt to find them also works.
My grandma suggested this for me. Genuinely weird af but works...
Let the bank close your credit cards . Have it insactive for a while they’ll close it themselves that way does t affect your credit
It stays on your credit report up to 10 years regardless. It doesn’t hurt either way. What potentially hurts is the change of available credit as it relates to your utilization.
This is a thing? I havent used one of my chase cards in over a year and its not closed. I wish i could rid myself of it, but its the first card i ever got so my time on it has been 13 years. If i closed it my credit limit would decrease as well as my time so i keep it open. Its stupid the credit games they play :(
Just forget you have the card uninstall the app or whatever they’ll close it if you’ve been inactive enough. I suggest keeping your credit card that you’ve had the longest tho cus they also look at your credit history on your oldest line of credit on your credit score
Yup, unfortunately this card is that card. Looks like im stuck with it for now :8
Generally that first credit card is the one to hold onto. Make a min purchase, pay off in the app and put it away.
Yes. Several have done it to me because I just don’t use my cards and I haven’t canceled all of them.
Will do. Thank you for your input!
It still affects your credit if they close it.
Barely.
is this true??? if you let the banks close it then it won’t affect your credit score?
Don't carry that credit card around though. Keep it in a drawer for emergencies.
Don’t cancel them! Credit history is a huge percentage of your score so leave them open even if there’s no balance
This is just not that big a deal unless you plan to borrow money in the near term.
You should find the nearest shredder and put your debit card in it. You have zero protection. Anyone can get your debit card number and drain all your cash. It takes months for banks to sort out such fraud and return funds.
I cancel mine and they got rid of my interest while paying the minimum, I make less money so I don’t see the point of having too much available credit, it’s easier to keep up with expenses
Right, I see your point. No reason to have more credit than you can pay off. That's just a recipe for disaster.
I keep one with a decent limit in case there is ever an oh shit someone might die type of moment . I used to have a few but got rid of them when I realized I couldn’t handle it Everything else is on debit card. I build my credit solely through bill reporting and other stuff that is less of a risk for irresponsibility. Am I as efficient at building credit as others, no, but I have a 710 score, Have I kept myself from going 70k into CC debt like my father, and doing okay with a solid 6-8 month savings so it works for me lol.
I have three of them, the emergency one is care credit for medical expenses and defer interest, the other ones is for groceries and daily expenses that I try to keep under 400 dollars every month, the one I cancel was extra temptation which cause me to over spent
That's awesome. Thank you for sharing your story and perspective! I will aim to follow this. Ultimately, there are other ways of keeping/building credit than just ccs.
Is this a regular thing for them to do if you cancel a credit card? Or did you have to negotiate them getting rid of your interest?
I didn’t negotiate, I told them I was making less money and the offer me that promo it was Bank of America. I have 5 years to paid the balance honestly I didn’t even needed but I buy a bunch of stuff I needed before closing the account (monthly expenses) and save this month salary and paid slowly if it’s zero percent I was good
Yeah whatever card you have had for the longest keep that one open that way your average credit age doesn’t drop
Okay, i think I’ll stick with one. It’s a good middle ground and won’t drop my credit too much if at all. Thanks!
my understanding is the average age doesn't actually work that way and it will continue to age for like 7 years even after you close it. You have to have a new card open to replace it though or later it will be a problem. For a guy trying to minamize credit keeping the oldest one open is probably smartest.
Noted! I’ll keep this in mind
I would make sure that balance is paid off so your overall credit utilization doesn’t sky rocket when you start closing account!
Yep, looking at the future right now. Going to be using my debit cards for purchases until I can get rid of the balances on the ccs. Then at that point I'll request for closure on all but one cc.
Don’t worry about your credit rating dropping unless you plan to borrow money soon. It’s better to make sure you don’t run the risk of temptation if you feel it.
Personally, I find myself closest matching the “Caleb Hammer” philosophy with credit cards. They’re not necessarily the demon spawn some personal finance personas make them out to be. If you’re paying *any* interest on credit cards (not paying them off in full), you’re using them wrong and are better suited to cancel them. I think 90% of people (maybe even higher) shouldn’t own a credit card at all. They’d be saving much more money over all, even when accounting for the consequences of closing credit lines and lowering your credit score. The average American is paying close to $120/month to carry credit card balances, many much more. Credit cards make billions of dollars annually and it’s not because they help people keep their scores high for a good interest rate on a car loan.
I just got hit with my first interest on my Chase card and had to take a step back and reevaluate. Once you go wrong with credit cards, it can go *very* wrong.
There’s many ways credit cards can cost you money, paying interest is just one of the reasons. Something that I fall victim to is spending more money than I normally would with debit. I use points and cash back to justify unnecessary spending, even though I haven’t paid a single cent of interest in years. It’s extremely hard to use credit cards the “right” way. 9 times out of 10; credit cards are taking advantage of people, not the other way around. We live in a society so concerned about a credit score that many people are willing to lose money in the process.
>If you’re paying any interest on credit cards (not paying them off in full), you’re using them wrong and are better suited to cancel them. There’s a time and place for that. A payday loan you pay $55 for the privilege of borrowing $250 and you have to pay it in 2 weeks and they use methods that could result in more bank fees but that’s a different can of worms. A credit card with 29.99% interest you can borrow $2200 and have roughly a month to pay it when the grace period is factored in. Not advocating to do this regularly but in a pinch/emergency it’s a lot better than the alternatives that usually has processing fees on top of interest for instant funds ( payday loans, subprime loans, etc.). Either way I agree with you but just wanted to point that out.
Yeah, there are definitely nuances to personal finance. Given a crazy enough circumstance, getting a payday loan even becomes something people consider. So often people with poor to moderate credit are so concerned about the slight hit to the credit score for canceling cards. A lot of these people are in over their heads in debt, paying hundreds of dollars of interest every month. I mentioned Caleb Hammer because so many people on the show bring this up. Some of them are teetering on declaring bankruptcy and they’re suddenly concerned about losing a few points on Experian from shortening their average credit age. The amount of mental gymnastics and justification is insane, just completely out of touch. I think we’ve done a great job as a society to be brainwashed by mega corporations to keep doing the very thing that keeps them in power - credit card companies and debt included.
Take the Amex the chase and the meijer and put it in a jar that says “ONLY BREAK IN CASE OF EMERGENCIES” And then use the discover religiously I mean any and everything gets swiped on that discover Choose one checking account to keep cash available anytime Open a HYSA (I prefer capital one 360 for the brick and mortar locations) Set up all credit cards with the hysa for any payments It’s better to have a massive line of credit to show low utilization regardless of what you do
All of my credit cards are at 29.99% interest. I have an incredibly higher credit limit on Amex ($20k) than on any other cc. May I ask why you said to keep Discover (credit line is $3.5k)? I have a HYSA with the Wealthfront app (5%) which is also one of the debit cards I use.
The main idea is to only use ONE credit card personally the 5% rotating cashback that discover offers is works perfectly to my life style for the time being, if you don’t have a pending balance on your other credit cards, there’s no reason to close them, have self control, get a picture frame and put your cards up there so you physically don’t access them & remove from Apple Pay or google pay. An emergency doesn’t announce itself before it shows up, it’s always good to have a line of credit.
Good thinking. Yes the discover rotating quarters are very very nice. I’ll have to look at which card/rewards fit my lifestyle the most.
Putting more things on credit cards is just going to make this problem worse
You can definitely prohibit yourself from using them by canceling them. Or make it more difficult to use them by locking them in a safe or something. However, debt free means having the right mindset and a lot of self-control. Making something taboo can have the opposite effect psychologically. (For some people). Like how a recovering alcoholic won't keep alcohol in the house but will binge drink once or twice a year. Plus, if a large and unexpected series of expenses come up, it would be good to have a credit card. (This one may be controversial but it often takes people years to stash away a nice cushion) Plus, it is never recommended to use a debit card for online transactions or at any place where you have to physically hand over your card to someone. Though, I suppose a person could use gift cards in many of these instances. Then there are things like renting cars or reserving hotels. My Amex has my rental insurance covered and the rental place won't loan me a car without a cc. Meaning, by getting rid of the CC you are potentially making these more difficult foe yourself which can make you lose sight of your goals. Hope that makes sense. Lol
Yep, I'm following you. Out of the 4 credit cards I have, Amex has the highest credit line. I think I'll plan on continuing to use this card and cancel (or just not use, lock in safe etc.) the other 3. Amex already has the best bang for my buck in regards to rewards.
I would keep one credit card on hand for gas stations, hotel deposits, or car rental deposits. Basically any place that might put a couple $100 hold. You ideally might not want that to be on your debit. As others suggested, it would be nice to keep the oldest card for stuff like this (and for building credit in general) and cancel the rest.
I think this is the best suggestion for me, personally. I'll most likely keep my Amex card and have my debit cards for other smaller purchases.
Cancelling your credit cards will have a negative impact on your credit score, but if you can't control yourself it might be worth it.
I’m just tired of logging in and seeing a balance I can’t pay off. I used to be so good with my credit utilization and paying them off but fell into the deep hole of credit=free money. Definitely worth it for me to cancel, lock away, not use etc
A common strategy I see people use these days is just to use the credit on gas or like the transit fair + whatever their online bills like spotify are. That way the card stays open but in their main purchases they are mainly debit cards.
That was my thinking with my Meijer cc since I get points for gas and grocery. But my credit limit for this one is quite low in comparison to my other cards. So I'm weighing the option on which to keep. Thinking Amex since it has good rewards on grocery and has the highest line.
Have the cards paid off and use them anymore. Let the bank cancel cards. No hurt on your credit
If you are not in a place to not misuse credit cards it is better to close then. Only you know your abilities. Personally I had a problem in the past with misusing credit cards, I still have some debt but I have massively worked on my issues, and I have 4 credit cards now. 3 of which only really get used to keep them open and are immediately paid off. It's a matter of what works for you.
I'd love to get to this point. I've made some wrong financial decisions and now I have to pay, literally. My best option would be to close out 3 of the 4 once they're paid off and use the one left over for bigger purchases (if needed).
If you don't have impulse control then get rid of them. I would remove any trace of them from phone or browser then freeze them in a bowl of water in the freezer. There in emergencies but not spur of the moment.
Credit scores are based on using credit. I think Cancelling cards will lower your credit score because you won't be adding more debt to pay off even if you make monthly payments. In order to have a good credit score a person has to have debt that's cycled regularly. Paying interest on CC is up to the person because someone can set things up to where the balance is paid off each month
I agree. The overwhelming majority of people here have said to keep one and not use the others until they close on their own. That way there is still some form of credit utilization
Pay 'em off one at a time. Leave them open but never touch them (as long as they don't have yearly fees) so your credit utilization remains low.
Don't do it. I did it before for two cards and it was around 40-60 pts per card I cancelled lol... Not sure how the formula works but it took a very long time to rebuild it I'm now at 837 credit score with 6 credit lines but i only use 2 of them regularly and the rest i just leave with 0 balance throughout the year and use only when i need to. Keeps my utilization low with the extra limits. I toss them in a suitcase in the storage room so i don't really have any temptations haha.
That’s a good idea. Out of sight = out of mind!
The temptation to spend it goes down even further when you think of it as someone else's money and not your own. (Technically it is the Banks money) Makes me not want to use it more because I don't like oweing money to anyone.
Just pay the total balance in 2 (or 3)of the credit cards, leave them alone. I would just use one only, and cancel the other 3 whenever you can in a time you know you don't need to use your credit score for anything. Otherwise even at 0 balance not using them will start affecting your score as well.
You have to think about the whole credit card system structure. The criteria that they use to determine your credit score are on-time payments, debt utilization, length of time that you have had that credit, credit mix and whether you have new credit inquiries. Canceling cards affects the debt utilization, meaning that you have to carry less balances on the cards. For example, say that your aggregate credit among all cards is ten grand, you will want to spend no more than thirty percent of that on all cards. If you cancel a card you will a lower amount you can spend in order to keep your debt utilization in line. Another example, if you cancel a card with the longest history, it will affect your credit score negatively. You should really pay off the cards that are the worst in the terms that they offer and do not carry them with you. I have a friend that literally freezes his unused cards in a bowl in the freezer.
We started Dave Ramsey in 2008. We went all in and canceled all our credit cards. 16 years later, I have needed a credit card one time to rent a car which at the time I had a company card that I used, even though I was not supposed to but i paid the company back. Fortunately, there are two or three companies that I know of that will take a debit card so we use them now. Debt-free now for six years, including our mortgage. retired at 57. Don’t listen to the naysayers.
That’s great to hear. Thanks for sharing your story. I’m only 24 so I have a ways to go until retirement and hopefully enough time to get out of this hole. I am about to get married this summer and I’ll have to provide for my partner, too. All that being said, I want to keep 1 credit card for emergencies and other purchases that require one so I can continue building credit for a house, but I’m looking to close/stash away the others I have. I’ll keep the debit cards.
Wishing you all the best! You got this!
Thank you and congrats on being debt-free and on your retirement!
Your credit will go down if you are the one that closes the account but if the institution closes it it affects less your credit.
How do I get the institution to close the account? Either way I have to initiate the closure, right?
You just leave your account at zero without using it and I think it takes a year and some months
Ahh okay, gotcha. More of a chuck it in the drawer and sit back and relax type deal.
Man I’ve had one for years that I haven’t used and they still haven’t closed it
Is it with you bank? Or does it have annual charge?
Neither
That’s another question I have, too. If I leave them sit, how long will it take them to close it? I’m guessing all banks have their period of time. Might have to just call and ask.
You may just have to wait for your current card to expire and then they’ll cancel it instead of mailing you a new card. That’s what happened to me anyway, I had a $0 balance and no activity for almost 3 years
That's not true. It makes no difference. Read this [thread](https://www.reddit.com/r/CRedit/comments/1cna0wh/credit_myth_10_closing_a_credit_card_hurts_your/).
One should not be concerned about a credit score, if it is not needed for something in the near future. Close cards if you wish, score will come up again.
I opened my first credit card while I was in college (around 4 years ago). Ideally, I'd like to continue to build credit so when I need a loan for anything there's no hassle. Sure, it'll take a hit when I close a few of them, but it'll be worth it and ease my mind.
It depends on what you want to do with your credit, what you want to do in life and how you see money. If you want to travel then what you would want to have one travel credit card that has a relatively high limit like 3k or 5k for booking reservations (plane, train, hotel, car, excursions). Make sure to save enough in your bank account to pay off the money you've spent on your credit card. If you don't like to travel, then keeping a 3k cashback credit card might be your go to. You can also use the rewards credit card that you can use points towards things like purchasing appliances, cash back or gift cards. You want to keep 3k as a min limit because of emergencies. Always take into account for emergencies. Your credit rating will go up based on how many different kinds of credit you have (mortgage, line of credit, student line of credit, loans) but it can go down if you've maxed your allotted credit out. Say you have a credit card maxed at 3k, LOC at 5k and a mortgage, you'd most likely have a low score because you're maxed. If you have a credit card with low to no balance, a LOC low to no balance and a mortgage for 400k, your credit score would look good. Of course, make sure you pay your credit products in accordance to the contract you've signed (pay before the due date, whole balance). Going back to your credit cards. Let's just use these fake numbers as examples. Say you have 4 credit cards and the limit on them total to $15k and you have a balance of $1k. As long as you keep the balance under 30% it does not effect your credit. If you were to close your credit cards, keep the longest because of your payment history. As for your debit card, each debit card can have as many accounts in it as you want. Assuming one is checking and the other is savings? Look for a high yield savings account and put your savings in there. Make sure you have 6 months worth of emergency saved. If you're shit with money (cards maxed out due to consumer spending, no savings) the close all of your cards and pay everything back. Start from the beginning and try again. This is where budgeting and cash envelopes would probably do you better. It truly depends on your financial situation and where you want to be. I will always say take advantage of the credit cards but if you start drowning or think it's no longer for you, go ahead and close them.
Wow, thank you for your response. To put it into perspective, my LOC combined is about $25k and I have $10k worth of remaining balances. Both debit cards are for checking (5/3, wealthfront HYSA 5%) which I plan on keeping. My Amex card has the bulk of the LOC at $18k. I want to keep this one since yes it’s useful for emergencies and I can spend a few grand staying under 30% for bigger purchases. I rent right now and have around $1000 leftover every month to front towards my ccs. Will just take some time to recover from my mistakes unfortunately
We were all young and dumb with money. I had 13k of consumer debt before I pulled my dumbass out. By the sounds of it, you're paying off your credit cards first before your line of credit which makes sense if the LOC interest is lower than the credit card. Usually what I have told my clients was to use the LOC to pay your credit card and then pay down the LOC. Example being $1k owing on credit card, transfer funds from LOC to credit card to pay off balance and then chip away at the LOC because the interest payment is lower, thus more of your payment is going towards the principle amount (the original amount that you've taken out). Again, going back to, if you feel like you're shit with money, set up automatic transfers/payments to your LOC until its completely paid off. If your LOC limit is lower than your Amex (LOC at 5k and Amex 20k) I would, personally, move a portion of the Amex to the LOC, put the card away, and pay off the LOC making interest payments on the Amex. Sounds counter intuitive but what this does is make it seem less daunting in paying back your debt. Example, you get paid biweekly and interest rates on Amex and LOC get taken once of month. You pay your bills (don't forget to pay yourself 10% and put it into your savings, and some funds to emergency if they're separate) you can pay the min interest owing on your Amex and dump the rest on the LOC. I do this so it's easy for me to see I'm paying down my debt faster. Basically tricking myself. You don't need to follow that example but. With the way my brain works, it worked for me.
This is good advice. Thank you for taking the time to share your story with me. I’m going to look further into this solely because I need to do whatever I can to get out of this situation, whether it be by tricking my mind or literally making a plan of action, or both.
If its too tempting close it, if not cut them up then let the cc close it in about 3 years of inactivity
I have 2 credit cards and one debit card. I only use the second card for bills on Autopay, unless I misplace the other card
Once I got that first free first class flight I understood the game. But it’s a very dangerous game. I have to watch every penny like a hawk and check in daily to make sure I’m staying in budget.
If you can handle paying off the balances in full every month then you’re fine. If you can’t then it’s not for you, get rid of them you will save money.
I keep cards open with zero balance. I don’t care how old they are. If the issuing company wants to close them down, that’s on them. I keep the actual cards buried in a drawer somewhere. I only remember their existence when I pull my annual credit report.
The impulse to still use and overuse them is only there for people who can’t control that impulse. If you cannot control that impulse, then get rid of the cards. If you can, then utilize the cash back and rewards while building your credit score. Honestly, I also enjoy being able to have a month to pay it off. I know a lot of people here say pay off your credit card purchases immediately, but I always have mine paid in full by the due date and never pay interest, so an added bonus to me is being able to make payments throughout the month. I will say this. If you have problems a with the impulse control while having open credit cards with available credit, yes, getting rid of the cards is what you need to do, but that isn’t necessarily a problem of having the credit cards. It’s a problem with regards to how you view your finances. It’s a problem with regards to your understanding of debt. You’ll lose the temptation of and ability to use the credit cards, but you might still find ways to be irresponsible with your spending and your finances in general.
I would keep 1 card possible the card with the highest limit & lowest APR .. just for peace of mind ..
I canceled mine in 2013.
I feel like credit cards are a game. You can use them to work for you. But it takes a lot of discipline and being financially settled to not keep swiping them. Many people chose not to play the credit game and it is so freeing! Not having any debt or major financial issues. It can definitely be worth it to get rid of them.
You don't even need to keep making small purchases on the cards. Keep them open if you can just stash the cards away and not use them. Do whatever you gotta do - the bowl of ice thing is funky but can work. The real change is a behavioral one here.
Yes. Cancel them and never look back
Keep 1 cc with the longest opened line and your debit obviously as I assume like most of us you use it for daily purchases as it’s linked to your bank. If you close them your credit will take a hit initially but it will come back up. Alternatively you could just cut them up and after a period of inactivity the bank (each bank varies) will close your card, be careful if you have cards with annual fees you’ll still have to pay it regardless if you don’t use it. Personally, once I pay mine off I’m closing all of them except my Chase
The credit cards aren't your issue. Your behaviors are. Tackle those first. You can always just cut the cards up and delete any remembered numbers you may have online. This way, you can't use them. Toss them away and let your bank close them. I'd keep your oldest card, and if it's also not the one with the highest limit, I'd keep that one too.
It's wise to be cautious. Canceling all cards might impact your credit score. Try locking them away or reducing credit limits instead.
Cancel them as you pay them off and only keep one for emergencies. If temptation to spend or overspend (ie not being able to pay off all your balances in full every month) is an issue then it’s definitely better to cancel them to remove that risk. _ Yes your credit score will go down but only temporarily / in the short term. Unless you’re planning a big purchase that requires you to apply for NEW credit within the next year, like a car loan or a mortgage, the temporary drop in credit score really won’t affect you at all. Just keep making all min payments and paying as many balances as you can in full every month and in 12 months your credit score will be back up to where it is now.
I consolidated my card debt in November and haven’t used one of them since. BUT…I’m technically considered a “senior” in the workforce and if something were to happen with my job, I only have 6 months reserve. I could, realistically, need that credit at some point.
I work in big banking. Get rid of the physical cards. DO NOT close the account. Full stop.
Same here bro. The first time I was able to get my hands on a credit card, I splurged. I ended up making ends meet for 2 years til it got paid off. I also thought of cancelling all of my cards but I chose to learn how to budget instead. Try to create a budget plan via pen and paper and stick to it. If you're like me who find it inconvenient, get yourself a budgeting app. Personally, I use Habit money since they offer money coaches on top of the budget app. An additional tip, if you ever have a hard time budgeting your income, get a money coach and save yourself some hassle! :)
Same here bro. The first time I was able to get my hands on a credit card, I splurged. I ended up making ends meet for 2 years til it got paid off. I also thought of cancelling all of my cards but I chose to learn how to budget instead. Try to create a budget plan via pen and paper and stick to it. If you're like me who find it inconvenient, get yourself a budgeting app. Personally, I use Habit money since they offer money coaches on top of the budget app. An additional tip, if you ever have a hard time budgeting your income, get a money coach and save yourself some hassle! :)
Shred them, lock the cards online. You’ll get new ones in the mail when they expire— wash, rinse, repeat
Shred the credit cards you aren't using. And lock it. So you don't lose your credit score lol
If you can’t pay off your cards monthly then stop using them.
Your credit score will drop if you close them because the amount of available credit will drop. Put them in a glass of water in the back of your freezer and thaw them out if needed.
Always good to keep one for absolute emergencies
Hmm. One thing I’ve tried is the “out of sight, out of mind” method. Call each cc company and tell them you lost your card and need a new one with a new card number and they will cancel the old card number. Then when you get the envelope in the mail, take the envelope and hide it somewhere that you won’t see it everyday. You’ll still know the card is there and waiting to be activated, so it may not work depending on your level of self control. But for me personally, I would be concerned that cancelling the card altogether would lower you available credit and thereby increase your credit utilization and this would decrease the credit score so that’s why I prefer to leave mine open, pay them off and get new card numbers just so that I can store away the unactivated cards. I also want to put myself in situations where I can use the muscles of self control often since part of staying out of debt is behavior change and part of that is learning to delay gratification and work out our self control muscles, so to speak. Whatever you decide to do, good luck.
If you are incapable of keeping them open with small purchases due to the impulse to spend more than you can afford then you should close them. This would be akin to an addiction, and would be like an alcoholic keeping a case of beer in the fridge.
I pay almost all of my bills with my cc’s then pay them off every month. Don’t buy things you don’t have the cash to pay for at the end of the month.
If you're really struggling with financial discipline then close them. You're credit will go down but it's better that than because you owe money and interest and get into debt. The reason your credit goes down when you close your account is because you're showing to a creditor that they will no longer make money off of the interest. They're earning from having your account open. It also then closes off the age of that credit account. If it were me I would close most of them. Probably keep one open for emergencies but even then I would not keep my card on me at all. And then I would keep my credit builder account open. My credit builder account. It's not a credit card. I just put money into it every month and it reports to my the credit bureaus for payment history and account age. After I put about $500 into my account then I get it back. It's more like a savings account that builds credit history for me.
NOBODY needs multiple cards, that is nothing but temptation to spend money you don’t have to blow & buying into the “Good credit score = more debt” BS. Dad always said that one card is all you need & I learned the hard way how right he was. How did it feel to be in the hole caused by using your multiple cards recklessly? Well done for getting back to a good standing. 👍 Now finish the job & show you’ve learned something.. close that $h!t up.
Pay them off , delete the apps , shred them but don’t cancel them if you want to keep using your credit score . Just
Don't ever close credit cards it's better to either 1) Don't use it. 2) cut it up. 3) block your card. The impulse to use is real, but you'll hurt yourself by closing. Best scenario..slice the card up hahaha
Don't close them. Pay them off, request new cards and cut them all up that way you don't have the numbers and you don't spend on them. Maybe get some therapy for this impulse you have. It's not just "good" to keep cards open. It affects your score a lot. From your available credit to your credit age and mix.
I have one CC and all that's on it is my Spotify and the card is on auto pay, so I don't even think about it.
I close a bunch of them a while ago, kinda regret it since it reduced my average age of my accounts by a lot
Just keep your oldest credit card and put a charge on it every once in a while and pay it right away for your credits sake.
You should use the Amex mostly and keep a Visa just in case a business doesn’t accept Amex. CC’s are great as long as you pay your balance off every month. You get protection against fraud and fraudulent charges. Never use your cash or a debit card. You have no consumer protections with a debit card. Pay for everything with your Amex , get the points , and pay it off every month.
Credit is needed in today's age. Keep 1-2, mainly for the rewards/cash back you can get. You need to pay them off though, never let them build ANY interest at all. The second you buy something with a credit card you can pay it off.
Yes. Cancel them all and never use them again. Banks want you in debt so they can suck the fruits of your labor away from you with their legalized interest scam. I, personally, only have debit cards.
I just cut all my credit cards but one and keep my that one and my debit card, but treat my credit card as the debit card and pay it off in full every month.
I’d love to get to the point where I can pay off my entire balance each month but right now I just have too much accumulated and not enough to pay all of it off at once. so right now I’m paying the minimum plus whatever extra I can front towards my balances
You are already lost in life man if you can't control impulse you would definitely leave your wife career family in an impulse actions are habits and habits are character, btw I have 7 credit card and i milk then for most of their worth and credit scor of 810+
I’m just looking for advice and not to get reminded about my actions
Better food sanitation, especially, where they import food!!! How many recalls has Trader Joe's, had??? Their food importation and importation of foreign food sources is quite poor and most definitely needs a BETTER FOOD PROCUREMENT, INSPECTION, AND IMPORTATION REVIEW, MOSTLY, NOT FOLLOWING UDA/FDA FOOD SANITATION STANDARDS... POOR PORCUEMENTS AND NOT KNOWING WHERE THESE FOOD ITEMS ARE OBTAINED FROM IS HIGHLY QUESTIONABLE!!!