I closed down my oldest surviving credit card today. It had a truly ridiculous credit limit on it which would have looked absurd when applying for a home loan and we hadn’t used it in over 2 years so there was no point in keeping it. I called Westpac and after jumping through their hoops they finally accepted I really did want to close the card, only thing was there was a 63 cent credit amount on it. It would have cost me $2.50 to a cheque or to transfer the balance so the Strarlight Chlidren’s Foundation is now 63 cents better off. Don’t spend it all once guys.
I also cancelled a Virgin credit card today. They too will donate your small balances to a charity but go one step further and match your donation.