Credit card fraud has become more and more prevalent these days, and sadly it's in the cardholder's best interest to close an account before the hacker can wreak havoc with it.
Contrary to popular belief, a credit card's accompanying annual percentage rate isn't set in stone. Savvy customers can often get their issuer to lower their current rates by using an improved score or credit card solicitations they've received in the mail as a bargaining chip. If your issuer is being a stickler, you may want to close the card and open a similar one with another issuer offering a lower interest rate. >To submit a news tip, email: email@example.com. Follow TheStreet on Twitter and become a fan on Facebook.