6 Precautions to Take When Canceling a Credit Card
This article originally appeared on ValuePenguin Banks regularly introduce new variants of credit cards with enticing features, like waived annual fees or S$100 in welcome bonus cash rebate. If you keep taking up some of these offers, you may soon end up with more cards than you need or can handle. For one, keeping track of multiple cards can be very difficult, with different billing dates that you need to be aware of. Even if you are able to do so, having too many credit cards may be detrimental to a healthy spending habit as you find yourself scrambling to meet different minimum spending requirements every month. At some point, you could realise that you have too many cards and that you want to get rid of one or more of them. Whatever, the reason, you should always remember that canceling a card is not just a matter of cutting it into two and sending a cancellation request to your bank. There are more than meets the eye to cancelling a card that could have implications on your life. Here, we discuss some of the most important precautions you can take to save yourself some money and a great deal [...]
The post 6 Precautions to Take When Canceling a Credit Card appeared first on The New Savvy.