01-21-2013 08:53 PM - edited 01-21-2013 08:54 PM
Question! I have just paid First Premier infull and I am thinking about canceling it because of the fees.. I am not sure though, does FP charge monthly fees if at 0 Balance? I think they have a servcing fee. But anyways, I have my Cap 1 Secure, Cap 1 Cash Rewards and Orchard and some other tradelines. Two jewlers Kays and Weisfield and a fingerhut account that will be reporting so I don't think I need the FP anymore..
I am also about to put down 2500 for my cap 1 secure so in 2014 when I app for a discover and walmart I get a nice limit... In 2014 im gonna see what I can do with the cash rewards. I am in credit steps and it will go to 750 after 5 statements..
What is the best way to close this account, I don't want to close it and they hit me with a monthly fee and the card closes with a balance!!
01-21-2013 09:06 PM
Not sure what the terms are but if the are charging a monthly AF or maintenance fee or whatever they call it when you have a balance you can be sure you will still be charged when you are sitting on a $0 balance.
01-21-2013 09:23 PM
So, I do I close the card correctly?
01-21-2013 10:59 PM
But if I want to close FP then how would I cose it with 0 balance. I will PIF but I hope they do not do somethin shady and add a monthly charge or put closed @ grantors request.
01-21-2013 11:09 PM
confirm it has a $0 balance close it and call the next day to confirm that it has been closed with a $0 balance....next month call back and make sure it is still closed with a $0 balance...its a lot of work but you never know with FP
01-22-2013 07:42 AM
See this is what scares me, because I have been working very hard for the last 8 months!
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.