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Old 10-31-2008, 04:30 PM   #25
Steve_A
Project Avalon Moderator
 
Join Date: Sep 2008
Location: Northeastern Brazil
Posts: 1,259
Default Re: Heads Up! - Bank Of America next Bank to Fall ?!?!

Hi Aisuru Chiku,

If you are certain the bank will go under - I think others will know before you - try using the card. If it works good. But generally it won't. Once the bank goes, so does the card.

Speaking of credit cards, George Green spoke about leveling all your debt. I think that it would be better to always have some debt (only very little) because credit card companies can cancel credit cards whenever they want without prior notice, however, if you have any outstanding debt, they won't, as they will want you to pay them. Always be a buck in debt, but just a buck.

Best regards,

Steve


Quote:
Originally Posted by Aisuru Chiku View Post
I have a question...I have BOA credit card, what happens to the credit card once when bank closes???

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