Monday, January 11th, 2010
Why would my credit card company cancel my card just cause I applied for another card? help?
NYlisa asked:
hi, I have a credit card and all was well, I paid on time, no problems and then one day they just canceled my card and their reason is that they canceled me because I tried to apply for another credit card, just applied, I didn’t get it cause of a bankruptcy 10 yrs ago. That doesn’t make any sense, can they just cancel me cause I applied for another credit card elsewhere. It sounds so juvenile. Can someone explain this to me?
hi, I have a credit card and all was well, I paid on time, no problems and then one day they just canceled my card and their reason is that they canceled me because I tried to apply for another credit card, just applied, I didn’t get it cause of a bankruptcy 10 yrs ago. That doesn’t make any sense, can they just cancel me cause I applied for another credit card elsewhere. It sounds so juvenile. Can someone explain this to me?
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January 13th, 2010 at 8:59 am
Yes, they can close your account. Whether or not you agree with their action makes no difference.