Web Extra: Cancel Credit Card?
Tim from Massachusetts asks: As my bank is not extending much credit, and my card is paid off, should I cancel it? How do I get other credit card companies to increase my limits so I can consolidate?
Watch the video to find out the answer - and see why John Ulzheimer says you must replace any lost credit limits from a cancellation with another card.
NOT SEEN ON T.V.: With banks unwilling to extend much, if any, credit, does it make sense to just cancel a card that's been paid off?
