I know it's weird in this day and age but I never bought into the concept of a credit card. 4 years ago I convinced Brandon to close the credit card he was "persuaded" to open as "overdraft protection" for his checking account during college. When he called to close the account they resorted to all manner of desperate tactics as I sat there jokingly, cheering him on to "stay strong." It was quite comical. And then we received their heart-felt letter.
"As you requested, we have regrettably closed your "Bank of Hypocrisy" credit card account. We hope you will reconsider your decision and make your "Bank of Hypocrisy" credit card your card of choice.... We have enjoyed having the opportunity to serve you. If you would like to re-open your account, please contact our Customer Service Center..."No thanks!
Please, what they regret is they couldn't continue to charge him all those ridiculous fees and high interest rates. They wanted him to reconsider being screwed out of hard earned money month after month. What they enjoyed was the opportunity to take our money. No thank you.
We have since made drastic changes to our finances. One of those is the decision to never use credit again. We've never had a problem since and it works for us.
So banks, no thank you, we choose not to be your slaves.