No. of Recommendations: 0
I'd appreciate your advice on this:

I really, really, really want to get a new credit card because my current one (Wells Fargo Financial Bank) refuses to lower my interest rate (they are charging 23%) and will not waive the annual fee. The annual fee is going up to $50 in August.

I don't understand this company because I always pay my bill ahead of the due date; many many times paid more than the minimum and many, many times paid my balance in full.

I inherited this card. In 1999, I had an account with Green Tree, then that changed to Conseco and again it changed to the current WF Financial Bank.

So I really want to get a new cc that does not charge an annual fee and one that has low interest rate. I'd greatly appreciate any recommendations for a new cc company?

I'm not sure how to go about getting a new cc.

(1)Should I close my current card and then apply for a new card?
(My balance is $0.)

I only have this one card so when I close it, I won't have a credit card. I can live without a cc for awhile but don't know how it would look to a creditor when I apply for a new cc and don't have any open cards. I have several ccards on my credit report -- ones that I closed first and paid off.

(2) Or is it better to get a new cc first and then close my current card?

I just don't know how either of the above actions will look on my credit report. I'm paranoid that something negative will show on my credit report because I handled this the wrong way. Thanks so much for your help. This is a great board. I am very appreciative of all the information posted here and all the contributors.
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