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Regular Contributor
IECredit
Posts: 222
Registered: ‎07-15-2012
0

Applied bank! Monthly fees

I've had this card around four years and it was one of my rebuilder cards but not my oldest card. Since then most of my reports are clean of all baddies except for TU which has one collection I'm still fighting. I do have a BK from 2005 reporting on EX and TU only. I tried calling Applied Bank to get the monthly maintenance fee waived it because I do not use this card and they will not budge. The limit it's $1150 but I'm tired of paying 15$ monthly fee and min .50 interest =\ I'm really scared to close this card but it will not effect my utilization at all I'm just scard that closing it may effect my scores? Need some advice please.
Current Score:TU 717(Walmart 1/9/14) / EQ 766(DCU Monthly 1/28/14) EX Fico 723(MyFico 9/15/13)
Goal Score: All above 800
Wallet: PenFed Visa Sig $9,000 | DCU Plat. $10,000 | Logix 10,000 | Chase Freedom $1,000 | Discover $3,600 | WalMart $7,500 | Paypal MC $6,000 | Cap 1 QuickSliver $6,000 | Barclay NFL $3,400 | Best Buy $1,000 | Cap 1 Venture $6,000 | 11 Accounts $63,500 Revolving
Established Contributor
NJTurnpike
Posts: 662
Registered: ‎02-20-2013
0

Re: Applied bank! Monthly fees

close it anyway. you can fix your util by paying more of your balances down. that card sucks.  as the quote goes, "you are better than the gap."


DCU ( pulled 3/29/13) EQ04 683 | Amex (pulled 3/28/13) EX 760 | US Bank (pulled 3/28/13) EX 753
CreditKarma (4/19/13) TU-TR 701 | TU Vantage 788 | USAA FAKO (3/31/13) EX 728, EQ 699, TU 737 |
Inquiries (4/18/13) EX 13 | EQ 13 | TU 14
Regular Contributor
IECredit
Posts: 222
Registered: ‎07-15-2012
0

Re: Applied bank! Monthly fees

@ NT my UTIL is around 10% now and will be around 5% when my last card reports(DCU lagging on reporting =\ ) just don't want my score to lower because of closing it
Current Score:TU 717(Walmart 1/9/14) / EQ 766(DCU Monthly 1/28/14) EX Fico 723(MyFico 9/15/13)
Goal Score: All above 800
Wallet: PenFed Visa Sig $9,000 | DCU Plat. $10,000 | Logix 10,000 | Chase Freedom $1,000 | Discover $3,600 | WalMart $7,500 | Paypal MC $6,000 | Cap 1 QuickSliver $6,000 | Barclay NFL $3,400 | Best Buy $1,000 | Cap 1 Venture $6,000 | 11 Accounts $63,500 Revolving
Established Contributor
Chris123nTx
Posts: 500
Registered: ‎05-11-2007
0

Re: Applied bank! Monthly fees


IECredit wrote:
@ NT my UTIL is around 10% now and will be around 5% when my last card reports(DCU lagging on reporting =\ ) just don't want my score to lower because of closing it

 

Were it me, I would close it. I just cant see any valid reason to keep paying those insane fees. Your credit will be fine..one guys opinion of course.
Valued Contributor
Rhaeny
Posts: 1,507
Registered: ‎07-24-2011
0

Re: Applied bank! Monthly fees


IECredit wrote:
@ NT my UTIL is around 10% now and will be around 5% when my last card reports(DCU lagging on reporting =\ ) just don't want my score to lower because of closing it

I hear ya about that, but 15 a month is 180 a year and that is too much money.  That card has taken you as far as it can now and its time to dump it.  Closing the account doesn't hurt you as it will report positively for 10 years.  It can increase your util therefore lowering your scores slighty, but you can take your deposit and pay off down any balances.


Major CC's - Barclay's ($5.5K) | Barclay's Sallie Mae MC ($5K) | DCU ($7.5K) | Discover IT ($1.4K) | Genisys Visa ($1.4K) | NFCU Visa ($22K) | Navcheck ($15K) | Chase Freedom ($5K) | SDFCU Visa ($8K) | Amex BCP ($9.5K) | Amex Delta ($10K) |Store CC's| -Amazon ($4K) | Catherines ($850) | JCP ($4K) | Macy's ($1.7K) | Avenue ($850) | Victoria's Secret ($1.4K) | Walmart ($4.1K) | Paypal SC ($1.3K) | HSN ($2.5) | Sears ($2.6K) | Sams Club ($4.1K) |Goal|: Age with grace to 750 across the board |Last app|: 3/3/2014
Moderator
09Lexie
Posts: 26,636
Registered: ‎09-13-2012
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Re: Applied bank! Monthly fees


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