5+ years ago I took out some cash advances on Discover Card. Since then, I have been paying off other debt, and closed out a couple of other cards.
Currently just have the Discover card an one visa card open, plus a debit card. Lately I’ve noticed my interest rate on my old cash advances is 28%, while my purchase interest rate is like 17-18% I asked several managers if they could lower my rate, and they only will for the purchases rate.
They always say they can’t do anything for the cash advance rate. So, I’m stuck with over $10,000 balance on the cash advance. I’d like to close out and maybe pay off, but It might hurt with two many closed accounts?? Is there anyway I can reduce interest rate? or should I close out the account and move on?