i hate credit card companies. my conversation with Capital One an hour ago: Me: id like to cancel this card Them: why? M: because i have just gotten another card with a much lower rate, a higher credit limit and no annual fee, and i have no need for this one any longer. T: what rate are you getting on the new card? M: X% T: what if i could give you X-5% on this card for you to keep it and waive the fee. that way you have both cards! M: because i do not need to have that much open credit and i have no need for two cards. T: but its a great rate! M: well, how about this, since the new card i just got is also with capital one, how about i cancel this card and you give me the rate of X-5% you just offered me on the one i just opened up? T: *** crickets *** M: I thought so. just cancel the card and stop wasting my time, please. T: certainly, sir. since i rarely if ever carry a balance on cards anymore the rate difference is almost irrelevant. i just love the way you say "cancel" and they get out the kneepads to keep you on board.