02-28-2009 10:36 AM
I called and closed my Hooters MasterCard. They are charging me $3 as AF every month. I just dont feel like paying it. It did help me build my credit and it is time for the card to go. I am loosing $1400 in Available Credit Line. I guess I have to work on getting some CLI's on other cards to make up the drop in the CL.
Next month my HSBC MC is coming for renewal with AF. I guess it would be the next card to go. Oh well, I feel bad to close the card, especillay I remember the day when I got my Hooters card, How happy I was that hooters approved my card when others would not approve me any card.
I guess it is all part of growing up in the Credit World and move up in the ladder.
02-28-2009 12:00 PM
02-28-2009 01:21 PM
Congrats on moving up the ladder Concorduser. If the replies I've read from you are any indication, you have gained valuable experience in your credit life and are well up the ladder. I do have one question for you. I was denied a Hooters card about two months ago. What were your scores when you were approved? Mine are hovering around the 630 mark on all three, (at least EX was last I looked). Do you think I should try again.
Why are you looking for Hooters Card. It is very high interest rate and Annual Fees. You can find much better deal than this card. What is your scores like on EQ and TU? If you have less than 3 inq's and scores over 600 you can try for Nordstorm Card. Even if you get the store card they will upgrade the card to Visa to in 6 months. Great CLI's and CSR. You can also try for Cabella's Club Visa Card. If you let us know what all 3 last know scores and baddies we can give you much better suggestions. I would stay away from Hooters if you can help it.
02-28-2009 02:13 PM
I just wanted to say that they don't all have annual fees. My husband and I each have a Hooters card with no annual fee. The rate is about 15% or 18% (can't remember offhand.)
I've heard from others that APRs and credit lines can be negotiated with them. I believe it, though, if you can't negotiate annual fees with them. Merrick Bank is very stubborn and strange.
My regular Merrick Visa, for example, has a rate of 32%, no annual fee, and they will not lower the rate - I think they said they never would. They'd rather just lose my business.
I keep the card open and at a zero balance, though, because they keep raising my limit (or they did when I kept using it and paying it off) and it costs me nothing to have the card open.
02-28-2009 03:17 PM
02-28-2009 03:18 PM
Suprisingly, I got a hOOters card with no AF.
I thought for sure with my BK, I would be gouged.
02-28-2009 03:53 PM
03-26-2009 10:54 AM
03-26-2009 11:15 AM
I just my Hooters card in the mail today. My AF is $35 a year and Iwas shocked to see that I was approved since my scores are around 570.
Watch out their interest rates. They are on the pretty much high side.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.