Anyone received a letter from BOA like me this morning ?
To be honestly , this is my first credit card it's a little over 4 years now. I really don't want to cancel it. I call them and ask them to lower the Annual fee only . But the lady ask me to hold 5 min come back and say NO.
Currently I have $3600 account balance which I can pay it in full anytime. Or I can cancel it and pay the min payment month by month. Any idea what I can do ? How's my credit score will drop if I have a cancel card and still have balance show on my credit report ?
Thank you for your idea.