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TheLovelyLady71


Hermes

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Financial Question....
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I'm sure most of you have heard about all the Cir. City stores closing nation-wide.

I have an acct.  (Circuit City credit card) w/them (thru Chase Bank), that I'm currently paying on/off.

IF all their stores are closing, should I close out that acct., b/c I'm SURE they'll keep tacking on unnecessary interest.

I'm confused!! Pls. help.no

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kmd


Kate Spade

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Man, it's tricky when a store is closing because they will still tack on the interest after that store closes because it's through Chase and not through the actual company. And, when you close accounts with a balance, that can really hurt your credit (trust me, I know, mine is RUINED). So, I'd just pay as much as you can every month until it's paid off. And, then don't use it again. If they charge you maintenance fees or anything like that afterwards, I'd close the account.

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Aurora


Marc Jacobs

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I agree. Chase is a PITA and they will continue to go after you until you pay. So I'd also continue to pay the balance and then close the card/account when your balance is $0.

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Suasoria


Chanel

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Can you transfer the balance to another card or a new card? We usually get a good rate for balance transfers. We keep an Amex Optima open for just that purpose - they're delighted to take over an existing balance. Then we pay it off without adding any new charges.

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TheLovelyLady71


Hermes

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Cool. I'll just PAY THEM OFF as soon as I can, then destroy that card. I may as well do it now, it'll be null and void in a few months.

I can DEF. look into transferring that balance to a LOW INTEREST rate credit card, I totally forgot about that!

Thanks again!!!

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