Yesterday I received a letter from Citi Bank. Normally I don’t open these type of letters. They typically go straight to the trash. However I opened this one and I’m glad I did.

The letter stated that effective April 1, 2010 I would get the pleasure of paying $60 a year to use the card. That is if I did not spend over $2,400. I’m so glad I opened that. I had to make a phone call today to opt out and close the account.

What I learned. Always open up letters from credit card companies. I don’t use credit cards anymore. Fortunately I have paid off all debt. Yet I still have accounts open. As you may know if you close accounts that lowers your credit score.

As Dave Ramsey says, “If you play with snakes you’ll eventually get bit.” Be vigilant in checking your credit history and in opening those letters.