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one credit card gone

November 28th, 2009 at 02:26 am

I paid off the smaller of my two credit cards today, the balance was a little higher than I thought but I still feel good for having paid the full amount.
I wasn't sure what the yearly charge is for my two cards, I found out that it's $48...my boyfriend thinks I should cancel at least one of the cards because of this yearly fee. I haven't made up my mind about that yet.

Posted in Debt | 8 Comments »

8 Responses to “one credit card gone”

  1. LuxLiving Says:
    November 28th, 2009 at 02:33 am 1259375617
    1259375617

    Congratulations on paying off that CC!

  2. Homebody Says:
    November 28th, 2009 at 02:35 am 1259375739
    1259375739

    Hurray! Good for you. I personally don't have any cards that charge an annual fee. However, DH's business card charges a small one.

  3. campfrugal Says:
    November 28th, 2009 at 01:06 pm 1259413573
    1259413573

    IMO Yes, you should cancel a card with a fee. There are so many cards available that don't have a fee, if you need one. Dave would make you cut them up and close them.

  4. HouseHopeful Says:
    November 28th, 2009 at 02:15 pm 1259417706
    1259417706

    Congrats on the payoff!

  5. ralph Says:
    November 28th, 2009 at 02:33 pm 1259418808
    1259418808

    Woohoo! Congrats! I can't wait to kill a couple! But it will be a while. Frown

  6. wowitsawonderfullife Says:
    November 29th, 2009 at 12:16 am 1259453795
    1259453795

    Excellent. What a feeling. Way to go!

  7. LuxLiving Says:
    November 29th, 2009 at 05:37 am 1259473041
    1259473041

  8. Jerry Says:
    December 11th, 2009 at 10:15 pm 1260569738
    1260569738

    I think that paying it off should absolutely lead you to cancel the card and keep the $48. You have made great progress and removing that account will give you additional insurance that you won't build that avenue of debt back up again. Way to go on all of this!
    Jerry

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