1594: Should You Close Your Credit Card After Paying It Off by Kumiko of The Budget Mom on Pros And Cons of Credit Cards

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 21 July 2021

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Kumiko of The Budget Mom tells you whether or not you should close your credit card after paying it off Episode 1594: Should You Close Your Credit Card After Paying It Off by Kumiko of The Budget Mom on Pros And Cons of Credit Cards Kumiko went from having a pile of credit card debt to becoming a successful budgeter and Accredited Financial Counselor. The Budget Mom exists to empower women to build a life they love on a budget they understand and can afford. The original post is located here: https://www.thebudgetmom.com/should-you-cancel-your-credit-card-after-paying-it-off/ Fundrise is the future of real estate investing. Visit fundrise.com/ofd. Please Rate & Review the Show! Visit Me Online at OLDPodcast.com and in The O.L.D. Facebook Group Join the Ol' Family to get your Free Gifts and join our online community: OLDPodcast.com/group Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily, Episode 1594.
0:04.0	Should you cancel your credit card after paying it off?
0:06.8	By Camico of thebudgetmom.com
0:09.4	And I'm your host and personal finance enthusiast, Diana Mariam.
0:13.6	This is a show where I narrate posts from thought leaders in personal finance
0:17.4	every single day of the year and ten minutes or less.
0:20.4	If you're someone who wants to keep good personal finance practices top of mind
0:24.8	but you don't have the time to read all the various blogs out there,
0:27.8	then this show is for you.
0:30.0	And if you like this idea of reading blogs to you for free,
0:33.0	it'd be great if you could share this podcast with someone today.
0:36.2	You can email or text someone a link to OLDpodcast.com
0:40.2	or even better if you're able to subscribe them to the podcast right on their smartphone.
0:45.2	That would be greatly appreciated.
0:48.0	But for now, let's get right to it and continue optimizing your life.
0:52.4	Should you cancel your credit card after paying it off?
0:58.6	By Camico of thebudgetmom.com
1:01.6	Congratulations!
1:03.6	You finally paid off your credit card.
1:05.6	You worked long and hard and it has finally happened.
1:09.4	Your credit card balance is down to zero.
1:12.0	You might be wondering what to do with your credit card now that it's paid off.
	...

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