The Pursuit of Happyness

My Target Red Card

I just called Target Financial to cancel my credit card that I've had since 2005, because I never use it, and I thought that having more credit cards open exposes oneself to more risk, so I thought it prudent to close the account. Wendy told me a while back that she was lucky to score a lower rate, but it had to have a balance on it. Note: I did not know that one had to have an outstanding balance at the time. I thought it was good for any card. My plan was to score a lower rate with any card, immediately transfer the debt over to that card, and thus have lower interest rates to pay while I paid it off to zero.

However, this backfired: I was actually able to close my account successfully. Bummer, I was hoping to score a lower rate.

I like Target though. But for right now if I buy anything in the future with them, it will be with a debit card or cash... so, no hard feelings. After all, this isn't personal, it's business.

posted by Erik @ 1:18 PM