July 23, 2009 6:42 pm

Closed Credit Cards… feels lighter :)

Filed under: Banking,Customer Service,Finance — ramsblog @ 6:42 pm

hehe, I had a bunch of credit cards and not all of them were being used. Looks like as the economy got tighter, the credit card companies have started looking into each account in further details. I have at least about 6 credit cards including ones from Citi Financial, Chase bank.

Citi had actually kept sending me the upgrades from silver, to Platinum to Diamond and finally a Diamond Preferred card. However, this was one of the cards I had not used for couple of years now. Last October, I received a heads-up letter saying this was going to be closed by the end of the month and I could give them a call if I had any questions or if I needed to keep the card. Well, I didn’t take time to call them at the right time and I received another letter mid November saying the account was closed.  Well, one card less in my wallet now. It felt a little lighter 🙂

Last week, I received a letter from Chase, and this time around the letter was a bit improved or advanced. It said, due to no transactions in the past 2 years, the account WAS CLOSED. So, there was no chance to talk to them before it was closed, and it was assumed and closed by the credit bank itself.  It is another card less to carry in my wallet, and perhaps brings my wallet to a smaller size 🙂

The size of my wallet (used to be) – with all the available credit cards, debit cards, memberships cards, drivers license, a spare car key, etc…


and now i have switched to another smaller one just to keep 1 credit card, 2 debit cards, drivers license, fitness center card and a spare car key [I tend to leave the car keys inside and lock the car at times:) .]




  1. It doesn’t do good for your credit history/fico score to close down credit cards. particularly the ones yuo have the longest.

    Make small transactions in each or pay your automated bills so that the companies dont close it down.

    Comment by Veer — July 31, 2009 3:40 am @ 3:40 am | Reply

  2. @veer,
    agreed, thats how i kept those two credit cards with about $2-$5 transaction a year, apparently didn’t use them in the past almost 2 years. Well I have 3 other credit cards and 2 being used for grocery/gas transactions and one on standby.

    Comment by ramsblog — August 3, 2009 11:33 am @ 11:33 am | Reply

  3. Pretty cool post. I just came by your blog and wanted to say that I have really enjoyed browsing your posts.

    Any way I’ll be subscribing to your feed and I hope you post again soon!

    Comment by mike alan — September 6, 2009 5:52 am @ 5:52 am | Reply

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Create a free website or blog at WordPress.com.

%d bloggers like this: