When should I cancel my Amex card?
When should I cancel my Amex card? The answer is worth repeating loud and clear: Never, under any circumstances, should you close a credit card less than one year after opening it. While it is possible to do so, there are many reasons why canceling a credit card before the annual fee is due is a bad idea.
What is the golden rule of credit cards?
The golden rule of credit card usage is to do everything you can to pay off your entire balance each month. If you can do this, you won't be charged any interest. You'll be enjoying free credit and all the other benefits your card offers. Be sure to always make at least the minimum payment on your card.