Yikes! Got a new card in the mail!

iVillage Member
Registered: 01-06-2005
Yikes! Got a new card in the mail!
7
Tue, 01-03-2006 - 3:08pm

As I am going through today's mail, I found a new Chase credit card!!! Apparently the old card has expired. I cut the card up long ago, so had no clue a new one was coming.

I admit, I hesitated, but then I immediately chopped the new card up!!!! I still owe a lot on the card, so no use tempting myself to run the bill up even higher!!!

~Aravis~
(They ARE out to get us, aren't they??)

 

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Avatar for cl_phocid
iVillage Member
Registered: 03-26-2003
Tue, 01-03-2006 - 5:16pm

Yep - definitely out to get us.

All my best,
Danni

iVillage Member
Registered: 05-30-2003
Tue, 01-03-2006 - 8:25pm

Go nuts with the scissors! Make a nice heap o'plastic!

You can get by without the new card-

~Lisa

Avatar for siriele
iVillage Member
Registered: 06-15-2003
Tue, 01-03-2006 - 8:28pm
Good Job!!!!! Proud of you that you didn't get sucked in. Yes they are out to get us......Iris
iVillage Member
Registered: 09-02-2004
Wed, 01-04-2006 - 1:27pm

Sending you a big ATTAGIRL!!!!!!!

iVillage Member
Registered: 01-28-2004
Wed, 01-04-2006 - 1:41pm
I got a credit card in the mail and I am still holding on to it. I need to cut it up but ......
iVillage Member
Registered: 01-06-2005
Wed, 01-04-2006 - 2:43pm

Ooh, cut it up girl!! Cut It Up!!!

Hanging on to it will just tempt you!

~Aravis~

 

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Avatar for endomagazine
iVillage Member
Registered: 11-09-2004
Wed, 01-04-2006 - 3:19pm

Hello,

Definitely cut up those new cards! Don't activate them, don't let them sit around begging for use.. out of sight, out of mind. I recently transferred a balance from a high interest card to a new card with a zero percent APR offer (for a year, no transfer fee). I'm snowflaking the difference in payments. The "regular" rate after the offer is still lower than the higher APR card. I won't be able to pay it off completely in a year, but atleast all of my payments will go toward principal for awhile.

I cut up the high APR card *and* the new card. I haven't cancelled the high APR card, because I want my credit rating to show lots of available (unused) credit, but I won't use the old account if it's not in my purse. I will be calling the higher APR card company and letting them know (once the balance transfer goes through) that I'd like them to reduce my APR.

The new card has a credit limit that exactly matches the balance transfer amount, so I won't be able to "add" any more debt while paying it off.

The credit card companies are definitely "out to get us". After steadily paying more than the minimum each month on a card, (with no new purchases) I'm almost guaranteed to get a letter saying "your credit limit has been raised!" after 6 months. I usually call and request politely that they lower the limit again. I have to argue a bit, but they *will* lower your credit limit if asked.

I once had a credit card that rose to a $25,000 credit limit (without me asking). At the time, I didn't even make $25,000 a year! That account has since been closed, since the credit card company gave me static every time I asked for it to be lowered. I would call, ask for it to be lowered, and 3 months later, it would be raised again!

Sincerely,
Lindsey Schocke

Got Dot? Why Not? It Pays!
http://www.website.ws/runsamok/show

Sincerely,
Lindsey Schocke

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