Credit One Cancellation Fail

[torry590]

Well, I was trying to get rid of my fee harvester cards and this was the smallest and first on the list. It's the credit one Platinum 1.5% cash back. The annual fee is divided up after the 1st year at 8.25 a month. 🙄

Limit sits at $300 despite much improvement in my score and excellent payment history. They would not budge on the limit, but that's not the end of the world for me.

It has been paid off for a couple months now. I got tired of the 8.25 a month fee so I called to cancel because of it. Well they waived the fee for 6 months and credited the two I already paid. 

They suckered me into staying lol. The month before the 6 months is up I'm calling again to cancel. Probably going to sock drawer it. Use it for a pack of gum and pay it off in 3 months or so. 

[Papa_Bear]

I actually sent them a letter requesting the cancellation of my account. Luckily, it was done with no issues. I figured they might try the same with me and sometimes my anxiety gets in the way.

[Anonymous]

wow, $8.25 a month is bad enough, then they only give you $300. that makes it hard to stay at a low utilization rate. You are doing the right thing for sure

Thanks

Mark

[Anonymous]

That monthly fee thing is crazy. Why not just charge it once a year and be done with it. 😲

[SUPERSQUID]

I just dumped 2 of my bottom feeders, next gen first digital and applied bank visa. i dumped ngfd last month and it took a few calls to get the job done but i have an official cancellation letter from them. i just closed applied a few days ago and they promised  me the letter in 7-10 days. august i plan to close reflex.

when you call them you need to write the date and time and

name and id number of csr

verification you owe zero

request written proof account was closed

[Anonymous]

I'd say call them back and close them. They're going to keep trying to get you to stay. Even after I closed mine many years ago they kept emailing me to come back lol. 

[torry590]

That was my main point. I could barely use it. The first year the annual fee was in a lump sum. The 2nd year they break it down monthly. 

Now since they waived it, I have no issues with the card and can utilize the 1.5% without a fee eating any of it. 

[torry590]

I'll keep it open as long as they waive the fees. Could help with a small emergency that I want some cash back on, things like that. Plus it will age 6 more months. I'll definitely cancel if they refuse to waive again. 

[Remedios]

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@SUPERSQUID wrote:

I just dumped 2 of my bottom feeders, next gen first digital and applied bank visa. i dumped ngfd last month and it took a few calls to get the job done but i have an official cancellation letter from them. i just closed applied a few days ago and they promised  me the letter in 7-10 days. august i plan to close reflex.

when you call them you need to write the date and time and

name and id number of csr

verification you owe zero

request written proof account was closed

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Could you please refrain from calling anything "bottom feeder"

While you are referring to a lender/card, for many those are still necessary evil and referring to anything they might need at the moment as "bottom feeder" really doesn't help at all. 

I'm sure you wouldn't want cards you have referred to via names that would make you feel less than others. 

[Remedios]

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@torry590 wrote:

That was my main point. I could barely use it. The first year the annual fee was in a lump sum. The 2nd year they break it down monthly. 

Now since they waived it, I have no issues with the card and can utilize the 1.5% without a fee eating any of it. 

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Try again to get it waived at the end of six months. If they say yes, no reason to close.

If they say no, close it if you don't need it.