to cancel a creditcard does it cancel the interest?
368008
Don't cancel a card unless you have no choice.  When you apply for any sort of loan or another card they look at your credit rating.  Part of that rating is how much people are wiling to give you versus how much you debt you carry.  Say you have two cards with a $1000 limit each and a total balance of $1000 between them.  If you cancel one card you go from having $2000 trusted to you, with $1000 used to having $1000 trusted to you and all of it spent.\nCut up the card, throw it away, hide it until you pay it off, but don't cancel it.
544906
Lots of companies offer this but WATCH OUT!!!  You can get destroyed by these deals.   Here's how they work:\nYou transfer $5,000 to your new card.  You are happy because you know you parked that debt there and don't have to worry about being gouged for interest rates for a while.  The bad news is that IF YOU USE THE CARD, let's say you buy something for $50.  That $50 is now on your card getting hit for 20% interest.  You send them $100 to pay the bill.  Where do you think they apply that $100?  Against the $5,000 no interest part.  Your $50 stays there accumulating interest until the entire $5,000 is paid off.  It's a nasty situation.
223330
Typically, credit card companies will accept any amount you send them - it's money. However, unless you pay the minimum amount due, they will charge you late fees and interest and overlimit fees (if applicable) and cancel your card if they deem it necessary. The only way to help with this is to call the company and calmy explain your situation. They still may not work with you, but there is no way they'll work with you if you just ignore the situation.
563137
I'm not sure, however, some will charge you interest just to keep the card open. In some cases the interest is compounded daily, thats why it is important to watch spending, and pay more than the amount due.
1112783
Yes because you can write off the interest payment.
660091
Contact the Credit Counselling Service (or something along those lines).  Free charity, great at helping to deal with debt.  As far as I know you can ask but it is unlikely they will reduce the amount - they do however cancel interest!  Good luck.  Also CCJs only last for 7 yrs on your credit rating.
573073
Dont do it, you get hooked and interest is supposedly 30 percent.  Like high intest credit cards once you start you never get free of them.
730101
I would ethier put a stop payment for that account, or close the account all together. The transaction will appear on your statement. I would check into this right away. After you close the account, I would advise you to seek a lawer. You can take legal action againts this company. Charging without permision is called fraud. You may be able to get some of the money back if not most of it. depending on your credit card company you may be able to do a chargeback, that reverses the transaction.
19827
They should not have cancelled your card just becasue you asked for a credit-increase.\n\ntry calling the customer service, and ask them why they cancelled your card... I think it is some sort of miscommunication.
919502
You will still get bills from the CC company until the balance is paid off.  It does not matter if you cancel the card before it registered as a charge.  \n\nSame is true if you wrote a check.  The bank will keep the account open for several days to confirm there are no outstanding checks.  If the check comes in, they will ask you to pay that amount and possibility list it as a bounced check.
962290
Call your credit card company and have the charge reversed.  right away.
1045353
No.  A show on the Discovery Channel called "Mythbusters" proved this a myth on one of their shows.  They were able to affect a credit card by using an extremely powerful magnet that you don't come across everyday, but they couldn't erase it using a cell phone or a money clip.
636404
yea, call the credit card company and ask for a card with a certain amount of money on it, they should send it in the mail, and then when she gets back call them agian and cancell the credit card. And then you need to chop the credit card into little bitty peices.
66979
To me, all the points and miles business is a hook to lure you into buying and paying for something else or buying something you do not need or weant.  I would look for the lowest possible rate, no annual fee, best grace period, lowest default rates, and a card that has a customer service department based in the US that  speaks English.  I have actually cancelled cards because their customer service centers were in India or Panama and could not understand a word they were saying.  Also, check to see that the interest rate is not computed over TWO billing periods (this can cause you to incur a finance charge even if your balance is zero) Bear in mind that no matter what the terms are you can get, these credit card agreements are one-sided affairs that the card issuer can change at the drop of a hat. So you might think you have one deal one minute and turn around and BAM! all of a sudden the rate is 42%.
643722
cancell the card like now...and check if they billed you. If they did report as fraud. Get a new credit card
938272
Yes, but it should not affect the transaction you are having it pulled for. If you do not complete the transaction it will affect the next one you attempt to do. \n\nBrokers do serve a good purpose as they don't have to have your credit run several times to shop for the best loan for you. \n\nYeah that's a blatant ad, but ohh well! business is slow, you gotta start somewhere! :)
41939
Yeah, get rid of that card and get one that gives you cash back.  That's better than anything you can redeem with credit card "points."