Quote:
Originally Posted by villagetinker
Over the last several months several stores we deal with have been using or changed to using Synchrony Bank, which has in turn imposed a $2 per statement fee unless you use paperless banking.
Here is my question: if your account has a zero balance and you have not signed up for the paperless banking do you still get a $2/monthly charge?
My analysis is that I can use my money back credit card instead of the store card and come out ahead on most accounts and most months. Based on this I am planning on dropping most if not all of the store credit cards and just use the money back card.
Thank you for your info and thoughts.
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I'd be curious how dropping them all impacts your credit rating. I was always told credit, length of credit, and balance impact the rating, as well as too many credit cards impact it too.