[quote author="ConsiderAgain" date=1256693475][quote author="Daedalus" date=1256660774]... but I've also heard that some free cards are starting to charge annual fees. I'm too worried about my FICO to cancel a card, even though the only card I use is my credit union's. Hope they don't start charging a fee.</blockquote>
I heard this too. If you pay the bill in full each month you are a low/no value customer, albeit low credit risk. Damned if you do, damned??</blockquote>
They are absolutely full of it when they try to say that those of us who pay off their bill each month are low or no value customers. Personally, I put everything I can on one card all month and pay it off at the end of each month. They are receiving fees from every vendor for each of my transactions which range anywhere from 2K-6K per month. They are making plenty of money, I think they'd have real problems if they lost the customers who are smart enough to pay their bill off every month. We're the ones who actually have money and are virtually risk-free for them. The minute they start charging me anything or taking away the interest free grace period will be the minute I go back to paying cash for everything. Many times people forget that the vendors pay for each transaction so they are usually making money on both ends of each transaction.
