Circuit City Credit Card?
I opened a circuit city account about a month ago to purchase an ipod. I have special financing and have to pay 25% interest if it isn’t paid off by mid-June (90 days). If I get it paid off, should I close the account? Would it be better to leave the account open or close it? The balance is about $300. If it is best for me to close the account, would I be able to transfer the balance to a credit card with lower interest?
leave it open for a while like 6 months then close it
You can transfer it to a lower interest rate card, although there may be a charge for that.
I wouldnt close it though.
Leave it open .If you have available credit but don’t use it,and pay on time all the time,it shows discipline and raises you score.
My suggestion to you is based on a co-worker of mine who had previously worked for this credit card company…..
DO NOT EVER BE LATE WITH A PAYMENT!!!!!
If you read the fine print - Being just 1 day late means you pay back all that interest and then some! These kind of deals are scammers just waiting for you to make a mistake.