06-09-2009 08:33 AM
I have a Merrick Visa with a CL of $1350 and my balance was right at $1000. I surfed the balance to my new Discover with a CL of $7000.
I want to close Merrick because the annual fee is $60 and the APR is a ridiculous 25.95%. My balane is now zero with them. I just do not need a high interest card anymore, my fico is plenty high to get any high credit limit card I need.
I just need to know....what is the correct procedure for closing this account? Do I call them, or write to them, or what? I don't think I have ever been in a position to voluntarily close a card down myself before. Any help or advice would be welcomed. Thanks.
06-09-2009 08:51 AM - edited 06-09-2009 08:52 AM
Is this your oldest card? Do you need the history? It will still show on your report so just call them up and close it but make sure balance is zero. I have their card and don't use it much but when I do I pif.
I have no fees however.
06-09-2009 09:00 AM
06-09-2009 09:57 AM
No, I have plenty of older accounts, so I don't need it for that.
Does anyone think if I call CS they will cancel the annual fee? If they would stop that AF I would keep the account open. I really don't care about the APR because I won't be using the card anyway. And if I did, I'd be paying in full at the end of the month. I just want that AF to go away.
06-09-2009 10:25 AM
they might but if you have plenty of accts why do you need one with a/f? Like I said they never charged me a fee.but I guess my cl is maxed out at 3000. I never found them very helpful. CLI were always at their whim and I haven't had one since 2007. why do you want this card?
06-09-2009 11:02 AM
06-09-2009 06:50 PM
06-09-2009 07:02 PM
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