We finally paid off one of my wife's credit cards and proud to say it now has a zero balance. The APR is high, 18%, and the card company will not reduce the APR. We threatened to close the account and they were ready to call our bluff and let us. We told them we will think about it. The truth is we need the available credit as an emergency backup for our first baby due in three weeks. Also, my wife's credit report is poor and she does not work. Needless to say, we could use a bit of experienced advice!?!
It really doesn't matter what the interest rate is if you keep a zero balance.Keep the card for TRUE emergencies and try very hard to pay it off each month if you do have to use it. Babies truly need very little besides the basics, so make sure that the emergency isn't something you THINK the baby has to have. Utahtea
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