Closed First Premier

[IgnatiusReilly]

I haven't had FP but I understand why they exist: To gouge the living daylights out of their customers who have nowhere else to turn. It gives people rebuilding another chance. At the same time, they have to realize they serve a niche market that has no loyalty to their product. Congrats on getting prime cards.

[yudeology101]

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@newyearnewcredit wrote:
Ok guys. Closed first premier today. Both cards. One with a $250 limit and one with a $400 limit. The CSR gave me the spill on "according to my fico.com, 15% of your score is the longevity of your account," and told me my score could go down with closing the cards. Kinda bombed me out. I closed the cards because I recently got approved for a discover it for $1500 a amex gold delta $100 and a chase freedom $500 along with a $1500 care credit and $700 for both texaco/chevron and amazon store. Will it really be as bad as she saying? She said I had 90 days to reopen and said I already paid the annual dee for both:.. Should I just reopen them?

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Well, just for fun you should call back and give them these terms:

1)  0.111 Lifetime APR

2)  Annual Vacation Package in Vegas, all paid w/ $10k cash spend limit

3)  $100k starting limit

4)  100points per $1 spend,  each point transferrable to Chase UR/ AMEX MR point system.

5)  Annual "Thank You" Reverse Annual Fee of $1000 back to me

If they say no, well....then tell them "peace" out. 

::edited for typo::

[newyearnewcredit]

lol good one yu deploy. They would probably hang up when I say the 0.111 lifetime APR😂😂😂😂

[Peter1142]

Congrats. FPB is truly crap. I was going to cancel my credit one but they waived the AF for 6 months. As long as I am not paying for it, it can't hurt to keep those OKs rolling in. The day it kicks back in they are getting another call from me.

[indiolatino61]

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@newyearnewcredit wrote:
Ok guys. Closed first premier today. Both cards. One with a $250 limit and one with a $400 limit. The CSR gave me the spill on "according to my fico.com, 15% of your score is the longevity of your account," and told me my score could go down with closing the cards. Kinda bombed me out. I closed the cards because I recently got approved for a discover it for $1500 a amex gold delta $100 and a chase freedom $500 along with a $1500 care credit and $700 for both texaco/chevron and amazon store. Will it really be as bad as she saying? She said I had 90 days to reopen and said I already paid the annual dee for both:.. Should I just reopen them?

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A big congrats on closing those "leech" cards and on your approvals.

[twist7d7]

I would call back and tell them you want no fee and a good rate. Also a CL of at least 1k. if they say no then tell them goodby. 

[Longroad]

Congrats on your liberation from the FP "fee-a-thon"