gal-canceling those old cc accounts is one of the BEST things you can do. My wake up came when I tried to transfer my car loan to a low APR gold card - good idea, 'cept it didn't ALL transfer. When I called to ask why, you can probably guess. "Well, yes, those accounts DO have zero balances, but since they're open, you COULD charge them all up at once, so NO, we will not extend your limit to cover the rest of the car loan." YIKES!! Now I have a car payment AND a higher cc balance. Got it worked out now, and the title is in my filing cabinet.Bottom line - the companies DO NOT have the upper hand here: they want your money, so of course they don't want to close your account. Tell them to DO what YOU want, or give you the TERMS that YOU want! Otherwise, you'll give your money to someone else. PS -- this has a high probability of success in extending those low APRs too! Remember - you're the boss of YOUR $$$.
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