who else has a monthly credit card fee?

Question

i got 2 credit cards about 2 yrs ago... i had no credit....since i was using those cards activley...i didnt mind pay their monthly fees of one being 6.00 and the other of 14.00 one card i called an cancelled and th other i asked it to be waived...and they could not...i have other cards with higher limits. and no monthly fees...will cancelling my card affect my credit history? im cuurently building a new history...with the new cards.

i currently have 3 no-fee cards,,,2 with fee cards and another store card..no fee....im going to cancel my 1 last card with fee....im not plannin any home or car purchases anytime soon....would 1 year be a good enough time to raise my score?

as long as i can bring up the score withing a year period.

Answer 1

Yes it will affect your credit history, and most likely adversely but Your credit will right itself after a little time. I think you need to think through whether or not a few credit point are worth the fee. If you have other cards I would say it is not worth the fee.

Good Luck

Answer 2

I'm guessing you started out with the fee cards and then later qualified and got the no fee cards?

Canceling the fee cards, if they are older cards, will drop your score. If you dont mind keeping the $6/mo card, keep it as long as you are able to comfortably do so-- to give the newer accounts time to age-- and then cancel it.

Answer 3

For credit card debt elimination generally there are two recommendations the first is controlling the expenditures and the second is consolidating debt. For the recommendations of the two credit card debt elimination this is some of the ways of achieving this.

Controlling the expenditures is to control your urge to spend which is the first step for credit card debt elimination. To explain this it's about the way you make your payments using your credit card. Getting into credit card debt can be due to uncontrolled expenditures using your credit card. To control your expenditures this is a guide that will help in credit card debt elimination.
read more from: http://www.card-gallery.com/article/126,Two_Steps_To_Credit_Card_Debt_Elimination

Answer 4

Even if they trashed your credit (they won't), saving the monthly fee is worth the price. In six months, any effect on your score will be ancient history.