Dilemma on credit cards: Will I or will I not?

@psyche49f (2511)
Philippines
June 20, 2007 5:19am CST
I was happy the other day because I received not only one but two credit cards from a credit card company: one for me, and a supplemental card for my husband. At least I can use it for emergency cases only, I told myself. But this afternoon, I received a letter from this same company informing me that my application for a credit card was not approved. I'm confused because I already got the card. For one, I did not really like to have one; I was just forced by the representative of the company, and now this? I'm planning to write an e-mail to the company, not to beg, but to ask how I will surrender the two cards, which I don't need anyway. But before I'd do that, may I ask for your opinion mylotters? Will I or will I not? What do you think?
4 people like this
9 responses
• Singapore
20 Jun 07
I think you were right to write it. Who do they think you are - to be brushed aside anyhow like that? That is not acceptable and you should demand an explanation.
@psyche49f (2511)
• Philippines
21 Jun 07
I did that of course...still waiting for their reply. That's right...I really asked for an explanation....
1 person likes this
@mamacathie (3929)
• United States
20 Jun 07
Credit cards are great to have for emergencies. They are great to use if they have reward points with the use of the card but only if you can pay the full balance at the end of each month. I would contact them and ask them why they sent the cards if you were not approved. That is just my suggestion, but you do what you feel you need to do.
2 people like this
@psyche49f (2511)
• Philippines
21 Jun 07
Yup, they are supposed to be for emergencies...I have already written them an e-mail, I still have to check to see if there's any reply from them....thanks for the suggestion...
1 person likes this
@latsmom (824)
20 Jun 07
I personally would, it is bad and I woudl wonder what kind of a company they are running in the first place if there are such errors occuring, I woudl not want to put my finances into the hands of someone who makes such contradicting mistakes. I definately woudl write a letter and tell them what has happened, let us know how ou get on.
@psyche49f (2511)
• Philippines
20 Jun 07
That's really quite reassuring...I will definitely write this company an e-mail. You're right...how can I trust them when evidently, they have already committed a big blunder about my card? I'll keep you posted about the company's reply...thanks.
1 person likes this
@pyewacket (44037)
• United States
5 Jul 07
I'm trying to get rid of my credit card debts!! I've switched over to a different ATM/credit debit card..I can use it like a credit card but without worrying about all those darn fees and interest rates...it's money I already have...My cards that I have are frozen and can't use them anyway...I kept telling myself that I would only use credit cards for emergencies....but it doesn't always work that way---next thing you know your charging food in supermarkets...Nope I'll only be all too happy to get rid of my credit cards...
1 person likes this
@psyche49f (2511)
• Philippines
8 Jul 07
I guess we all agree to get rid of those credit cards...
@dpk262006 (56105)
• Delhi, India
3 Jul 07
It is better to surrender the cards of a compnay, which offers you card without approving it.
1 person likes this
@psyche49f (2511)
• Philippines
8 Jul 07
I'll surrender it, but first I'll cut it into two so that no one can use it...
• United States
1 Jul 07
Give the card back asap and don't even waste the time of day on these people. What sort of company gives extends someone credit and then reverse their decision? What-ever lead them to reconsider, should have already been apparent. Seems to me as if they are playing head games with you, in order to get you to really want something you didn't even want in the first place. They know you wouldn't have sought them out, so what they do is give you the credit card and then take it back. They are trying to make you question your own credit worthiness. And, soon, they will have you trying to prove to them your worthiness.....No, give the card back no question asked. You don't need them. If you use CC mostly for emergencies, as most of us to these days, then you don't really need it anyway. Save yourself some self-doubt and forget all about these people. They don't sound like a professional or reputable company to me. Good-luck.
1 person likes this
@psyche49f (2511)
• Philippines
1 Jul 07
With your reply, I am all the more convinced that I don't really need those credit cards...I am grateful to you...
@hometyme (288)
• United States
22 Jun 07
Just write the credit card company, with proof of mail delivery, and ask them to close the account. Keep a copy. Credit cards can be convenient, but they can be financial cancer, too. Be sure to read the cc company's contract to see if it can be changed for almost no reason.
@psyche49f (2511)
• Philippines
23 Jun 07
Okay, I'll do that...thanks for the tips...
@youdontsay (3503)
• United States
22 Jun 07
If you want to close a credit card account you have to write a letter with your signature to the issuing company. Cut the cards up and include them in the letter. Keep track of the date you sent it in case charges show up on your bill. In the meantime you can phone them and ask them to freeze your account so that no one else can use your number. I wouldn't want a credit card from a company that doesn't know what it is doing. When you are ready for a credit card, stick with your bank or other issuing company where one department knows what the other is doing. You might also want one that you can read your account on line to be sure who is charging purchases to it. I only use my credit card on things I have money to pay for by the end of the month. I hate to pay interest on anything I don't have to.
@psyche49f (2511)
• Philippines
23 Jun 07
You're right...I guess I just have to do that...thanks
• Philippines
9 Jul 07
Its up to you to decide. It is good in case of emergency but never get hooked in using it... Control yourself!!!! be a responsible credit card holder or else you will have the worst nightmare in your life.... do not give you and your family a headache.... there's an advantage and disadvantage of having one.