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Credit Card Fee Solution

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May 29, 2009 – Comments (0)

Credit card customers with solid payment histories and zero balances are fuming at their card issuers, who have been altering terms before new credit card legislation takes effect in nine months.

One solution;

OPEN MORE CARDS. If you have just two or three credit cards, consider opening a few more, said Ulzheimer. For consumers with scores of at least 750, the impact on the score of applying for more credit would be "almost negligible." Having more cards gives you more options and insulates you from the actions of the others.

But whatever you do...

...experts advise not to cut up a card and send it back to the issuer. Closing accounts can have a negative impact on credit scores, said John Ulzheimer, president of consumer education with Credit.com

Thanks for the tips John.

The Newsday article.

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