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Valued Contributor
Posts: 3,901
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: 4/23/15
Gardening Until Further Notice
26 Credit Cards (10 Major Banks & 16 Store Cards)
No AF's/Overall Utilization Hovers around 4%
Valued Contributor
Posts: 2,529
Registered: ‎06-21-2014
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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 $12,000; Amazon Store Card $2,800; Amazon Visa $1,000; Chase Freedom $4,500; Chase Slate $5,000; Chase Sapphire Preferred $5,000; Chase Marriott: $5,000; Citi Thank you preferred $6,000; Citi Simplicity $4,000; Discover it $2,500, BestBuy Store card $2,000; Capital one QS $1,500; Bank Of america MLB rewards card $10,000; Capital one Playstation card $2,500; Barclay's NFL extra point card: $2,000
EX:717, TU:730, EQ: 704
Mega Contributor
Posts: 16,747
Registered: ‎08-08-2011
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Re: I CLOSED my Credit One Visa!!! :-D

Congrats! Thanks for sharing.

 

 

Established Contributor
Posts: 771
Registered: ‎06-28-2014
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Re: I CLOSED my Credit One Visa!!! :-D

Congrats! 


NPSL...................$15,300................$12,500................$7500..................$5000...................$5000..................$5000..................$500..........

21 year old college student. FICO 751 TU 757. Been building credit since age 17. Last APP 12/15/14

Frequent Contributor
Posts: 342
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.

619 Equifax Fico
653 TransUnion Fico
634 Experian Fico
Discover IT $1,000
Capital One Quicksilver $1,500
Capital One Quicksilver One $1,300
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Valued Contributor
Posts: 3,901
Registered: ‎03-23-2014
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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: 4/23/15
Gardening Until Further Notice
26 Credit Cards (10 Major Banks & 16 Store Cards)
No AF's/Overall Utilization Hovers around 4%
Regular Contributor
Posts: 188
Registered: ‎08-26-2012
0

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

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

CSP $9500, CapitalOne VentureOne Sig Visa $8000 Chase Freedom Sig Visa $5000, Citi ThankYou Preferred Sig Visa $5000, Amazon Store Card $5000, CapitalOne Quick Silver MasterCard $4000, Fidelity AMEX $4000, Sallie Mae Mastercard $3300, Citi Simplicity Visa $3000, Citi Double Cash $2700, SunTrust Cash Rewards $2500, Discover $2300, AMEX BCE $2000, AMEX Everyday $2000, Amazon Reward Visa $1800, BP VIsa $1800, Barclays Apple Visa $1700, Suncoast FCU $1000, Target REDCard $700

Current Scores: EQ 727 (Fico), EX 735 (Fico) **In the Garden unti....forever.
Established Contributor
Posts: 529
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 $15k | Lowes $17k | Sportsmanss guide $7.6k | Chase Freedom $1k | Discover IT $4.4k |
Walmart $8k | Gordman's $2950
Regular Contributor
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!




Valued Contributor
Posts: 3,901
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: 4/23/15
Gardening Until Further Notice
26 Credit Cards (10 Major Banks & 16 Store Cards)
No AF's/Overall Utilization Hovers around 4%
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