I called and after 2 years I told them I would not pay there monthly fee anymore and she put me on hold and then told me she would not waive the fee so I closed the account.
They did not try to save it or anything, she told me that I needed it for rebuilding, I was like after 2 years I think the rebuilding part is over... not completely but like I'm going to discuss that with her.
The $650 CL does nothing for me.
Creditaddict wrote:I called and after 2 years I told them I would not pay there monthly fee anymore and she put me on hold and then told me she would not waive the fee so I closed the account.
They did not try to save it or anything, she told me that I needed it for rebuilding, I was like after 2 years I think the rebuilding part is over... not completely but like I'm going to discuss that with her.
The $650 CL does nothing for me.
You did the right thing, even if you do take a minor ding. It will be worth it in the long run because their is so much better cards out there. 
Congrats CA . . . 
I have been seeing your posts and am thrilled that you have come so far. It wasn't long ago that I was in a similar situation and opted to close three cards; Walmart 300; Crap 1 600; and Orchard 500. I took a small score hit for that but they were going nowhere and were expensive. After those, I started with store cards; Macys and Best Buy. My first big CL was Hooters Mastercard - 2800. After that I got the Macys Visa and Best Buy Visa. Then it was just a matter of a few short months and I qualified for Discover, BoA Platinum rewards, and Amex Gold Rewards. My total CL's are now over 50 K and I can qualify for whatever I want (but I'm out of the game until they all have their 1st birthday).
Bottom line . . . . I never regret closing those starter cards and never looked back.
Good luck,
IMA
Starting Score: TU 737 EQ 721
I plan on closing my rebuilder cards as well, after I close on my house. I know by doing that it'll increase my overall util, but I don't care. They charge AF and the APRs are outrageous. The only thing holding me back is that of course they happen to be my oldest cards @ 3.5 years. But the sooner I close them, the less effect it will have on my score. I think I'm through looking for new credit anyway. It'll report for 10 years, by then my AAofA will be 6-7 years, so its not that big of deal, I hope
BTW, the rebuilder cards are Cap 1(two of 'em) and an HSBC.
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.
>> About myFICO
