We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Spacebar

spacebar
spacebar Posts: 1 Newbie
in Credit cards
:confused: Hi need infromation. Want to close my credit card account, been told by credit bank that I can not do this. Are they right? If I can close my account, will the interest rate that I am paying stay at the some rate; also if the interest goes up Will I have to pay more or not.

Comments

  • Moggles_2
    Moggles_2 Posts: 6,097 Forumite
    Which credit card is involved?
    People who don't know their rights, don't actually have those rights.
  • Innocent_Guy
    Innocent_Guy Posts: 5,369 Forumite
    Thats because its maxed out :D
    Bank Accounts - Barlcays Premier[/B] - £1000 o/d, HSBC - £200 o/d- First Direct - £500
    Credit Cards - Barclaycard £2000 - Silver Card £1300 - Flybe £7500 - HSBC £1000 - First Direct £2500 First Direct Gold £3000
    6 credit accounts closed in 2010!
    Official SOS Club number 001 - Dry until 01.07.10
  • Paul_Herring
    Paul_Herring Posts: 7,484 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    You can only 'close' your account if you owe nothing - you appear to be indicating that you still have a balance on your card.

    If you cancel the card, you will still be at the whim of interest rate changes.
    Conjugating the verb 'to be":
    -o I am humble -o You are attention seeking -o She is Nadine Dorries
  • clio
    clio Posts: 3,345 Forumite
    Who underwites this spacebar card then. Must be a new one out is it??
  • Paul_Herring
    Paul_Herring Posts: 7,484 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    clio wrote: »
    Who underwites this spacebar card then. Must be a new one out is it??

    They put their username as the subject. I see the same thing on mailing lists. What, exactly, it does I've yet to figure out.
    Conjugating the verb 'to be":
    -o I am humble -o You are attention seeking -o She is Nadine Dorries
  • clio
    clio Posts: 3,345 Forumite
    P-H
    It shouts Look at meeeeeeeeeeee i'm in da house ;)
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.2K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.2K Work, Benefits & Business
  • 600.9K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture