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Established Contributor
MissMoni223
Posts: 1,948
Registered: ‎03-23-2014
0

I CLOSED my Credit One Visa!!! :-D

GOOD Thursday Morning to my fellow FICO Forums members!!!

 

I've had my Credit One Visa since September 2013 and this morning I received the dreaded email notifying me of an upcoming AF of $99.  The card has a $400 CL with a 23.9% interest rate, so I decided to "Let It Go"!  Just got off the phone with a customer service rep and he verified that my account balance is $0 and I requested a letter stating the same and the date that I closed the account.  He asked why I wanted to close and I stated that the interest rate was high and I don't like having an AF on credit cards.  He offered to lower my interest rate for 6 months, but didn't state what the new rate would be and did NOT offer to do anything about the AF.  Therefore, I said go ahead and close the account.  This was the very 1st time I closed a credit card account and I feel absolutely GREAT!!! As you can see in my signature, I have BETTER bank credit cards and Credit One is not needed and my total available credit is now $16,000 even.  My credit journey is looking better with time and I'm looking forward to growing the cards I have.  :smileyvery-happy:  

Last App: 7/26/14
Gardening Until Further Notice
23 Credit Cards
Established Contributor
Closingracer99
Posts: 2,115
Registered: ‎06-21-2014
0

Re: I CLOSED my Credit One Visa!!! :-D


MissMoni223 wrote:

GOOD Thursday Morning to my fellow FICO Forums members!!!

 

I've had my Credit One Visa since September 2013 and this morning I received the dreaded email notifying me of an upcoming AF of $99.  The card has a $400 CL with a 23.9% interest rate, so I decided to "Let It Go"!  Just got off the phone with a customer service rep and he verified that my account balance is $0 and I requested a letter stating the same and the date that I closed the account.  He asked why I wanted to close and I stated that the interest rate was high and I don't like having an AF on credit cards.  He offered to lower my interest rate for 6 months, but didn't state what the new rate would be and did NOT offer to do anything about the AF.  Therefore, I said go ahead and close the account.  This was the very 1st time I closed a credit card account and I feel absolutely GREAT!!! As you can see in my signature, I have BETTER bank credit cards and Credit One is not needed and my total available credit is now $16,000 even.  My credit journey is looking better with time and I'm looking forward to growing the cards I have.  :smileyvery-happy:  


Congrats :smileyhappy:


My Cards: Amex BCE $3,000; Amex Everyday $4,000; Amazon Store Card $850; Amazon Visa $1,000; Chase Freedom $4,500; Chase Sapphire $4,500; Chase Sapphire Preferred $5,000; Chase Marriott: $5,000; Citi Thank you preferred $6,000; Citi Simplicity $4,000; Discover it $1,500, BestBuy Store card $2,000; Capital one QS $500; Bank Of america MLB rewards card $5,400; Capital one Playstation card $750
EX:717, TU:725, EQ: 682
Mega Contributor
coldnmn
Posts: 14,068
Registered: ‎08-08-2011
0

Re: I CLOSED my Credit One Visa!!! :-D

Congrats! Thanks for sharing.

 

 

My Wallet /US Bank Cash+ Signature $10,000/ Ace US Bank Signature $10,000 / Sam's Mastercard $8000
/ Walmart Mastercard $8000 / Discover IT $5000 / Care Credit $5000
/ Husqvarna $5000 / PayPal SmartConnect $4800 / Cap1 Quicksilver $4000 / Barclay Ring $3550
Last App 8/12/14 /

Established Contributor
MT936
Posts: 658
Registered: ‎06-28-2014
0

Re: I CLOSED my Credit One Visa!!! :-D

Congrats! 


NPSL...................$7500..................$5100...................$2500...................$2500..................$1300..................$500..........

21 year old college student. 751 FICO. Been building credit since age 17. Last APP 7/14/14

Frequent Contributor
Florida1990
Posts: 328
Registered: ‎05-25-2014
0

Re: I CLOSED my Credit One Visa!!! :-D

Congrats it is always good to let go a credit card builder with ridiculous fees and rates.

Cjewelers 2.5k/CapOne 1.8k/Capone 1.5k/Capone 1.3k/Bestbuy 1k/CareCredit 1k/DiscoverIT 1k/TiresPlus .8k/Walmart .7k/Lowes .3k/Express .2k/Macys .1k/Fingrehut .2k/Auto 18.3k
Established Contributor
MissMoni223
Posts: 1,948
Registered: ‎03-23-2014
0

Re: I CLOSED my Credit One Visa!!! :-D


Florida1990 wrote:

Congrats it is always good to let go a credit card builder with ridiculous fees and rates.


My sentiments EXACTLY!!! I was just waiting my time out and the AF notification was my Exit que!!!

Last App: 7/26/14
Gardening Until Further Notice
23 Credit Cards
Regular Contributor
GlocksAndCredit
Posts: 169
Registered: ‎08-26-2012
0

Re: I CLOSED my Credit One Visa!!! :-D

Congrats!! (Although my eyes hurt after reading that font..lol)

CSP $5000, Chase Freedom Sig Visa $5000, United MileagePlus Sig Visa $5000, Capital One VentureOne Sig Visa $5000, Citi ThankYou Preferred Sig Visa $5000, Capital One Quick Silver MasterCard $4000, Amazon Store Card $3700, Citi Simplicity Visa $3000, Sallie Mae Mastercard $2000, Fidelity AMEX $2000, BCE AMEX $2000, Amazon Reward Visa $1800, Barclays Apple Visa $1700, Discover IT $1500, Suncoast FCU $1000, Target REDCard $300

Current Scores: EQ 701 (Fico), EX 707 (Fico) **In the Garden unti....forever.
Established Contributor
tattooedhusker
Posts: 504
Registered: ‎10-25-2012
0

Re: I CLOSED my Credit One Visa!!! :-D

Congrats! It's a wonderful feeling!

NFCU CashRewards $13.5k | AMEX BCE $9.5k | Lowes $17k | Sportsmanss guide $6.6k | Chase Freedom $1k | Discover IT $1.4k |
Walmart $8k | Gordman's $2150 |
Scores: EQ: 676 EX: 714 TU: 720 Goal: 750 across the board
Regular Contributor
--HighHopes--
Posts: 144
Registered: ‎07-01-2014
0

Re: I CLOSED my Credit One Visa!!! :-D

Congrats!  I too just closed my credit one bank card yesterday and my feeling is mutual....great feeling to know that you are moving on up in your credit journey and you're finally in a position to not have to take just any old crappy card anymore just to get a credit history....its great isn't it!  Way to go...happy for ya!




Established Contributor
MissMoni223
Posts: 1,948
Registered: ‎03-23-2014
0

Re: I CLOSED my Credit One Visa!!! :-D


--HighHopes-- wrote:

Congrats!  I too just closed my credit one bank card yesterday and my feeling is mutual....great feeling to know that you are moving on up in your credit journey and you're finally in a position to not have to take just any old crappy card anymore just to get a credit history....its great isn't it!  Way to go...happy for ya!


THANKS, I totally agree!  BTW, I absolutley LOVE your screen name, which is definitely great to have in terms of credit!!! :smileyhappy:

Last App: 7/26/14
Gardening Until Further Notice
23 Credit Cards

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