I closed my Capital One credit card. This is the one which was upgraded to Quicksilver offering 1.5% rewards and no annual fee. In an effort to reduce our open lines of credit, we decided to close my account and leave my husband's open. I am an authorized user on it, so we each have a card. Right now we aren't using the card since we are working on obtaining the bonus reward with the Wells Fargo American Express Propel World card. But it is a good 'go to' card for earning rewards. I like that I don't always have to track the 5% categories like some cards.
I'm also going to look into closing my husband's Chase Freedom account. We only have one card for it and I don't think we have used it since he received his bonus reward months and months ago. It may have 0% interest, but I don't think we need to keep it open even with that offer! Hopefully you saw my previous post about a limited time offer to open a Chase Freedom account to get a $200 bonus for spending $500. Best return I think I've ever seen!
Have you reduce any of your credit cards lately? Did you open an account lately?
I have several new posts on Your Organized Friend if you are interested.
Closed Capital One
June 2nd, 2014 at 10:59 pm
June 2nd, 2014 at 11:45 pm 1401749123
Chase will be offering 5 percent on gas in the next quarter, so you might want to keep the card open for that.
June 2nd, 2014 at 11:54 pm 1401749693
June 3rd, 2014 at 01:06 am 1401754003
@BAWW, I'm consider closing the Discover, too. I already closed my husbands.