Okay. Perhaps cruel is a little strong. But read this article and then watch what your credit card issuers might just do to you. They are riding themselves of customers so I say cancel all your cards, pay off the balance and rid yourselves of them--and creditors be damned! I guess my feelings might not be as strong had something like this not happened to us. We opened an account with one of the major credit cards and used it to purchase a few things (far less than our original credit limit). A few weeks later we learned that the credit card issuer had cut our limit to the amount we owed. We will pay it off, of course, then simply cancel it. You should do the same.
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