Ask Terry Questions Credit card

Credit card

By Terry Savage on August 13, 2018 | Credit/Debt

I have a chase bank credit card which will begin charging 24% interest in Aug. I have opened a new credit care as I am taking grand children to Disney World . The question I have is do I cancel the chase card or just stop using it.

Terry Says

Here’s the danger: with two credit cards there will be a temptation to use both of them@! If you can withstand that temptation, put the Chase card in your drawer and don’t charge anything. You’ll still pay the annual fee, but having a credit card for a long time is important to your credit score.



a personal
finance question