There are late payment fees, penalty interest rates, cash advance fees, even annual fees for
simply keeping the card open.
Not exact matches
If you don't have a compelling reason to close your account, it might be wise to
keep it
open and
simply cut up the
card or stash it away in a drawer instead.
The annual fee is
simply a fee paid once per year just to
keep the
card open — whether you've been using the
card or not.
Since this
card has no annual fee, you can
keep your Membership Rewards points active forever
simply by
keeping this
card open.
Having just picked up the Chase Sapphire Reserve, it
simply didn't make sense to
keep a second premium
card open.