Credit Card Center Advertiser Disclosure

Regular Contributor
Posts: 123
Registered: ‎01-15-2009
0 Kudos

I'm Liberated! I Just D/C'd My 2 Household Bank Accounts

[ Edited ]

So, I went on a credit spree a few months ago, and opened up the accounts that are indicated in my sig below. Previously, I only had 2 low-limit cards, both of them from HSBC: a $800 one and a $520 one. After getting my good, NO fee credit cards, I called HSBC to see if I could PC to cards with no annnual fees and also get my limits boosted. They refused to boost my limits. Unfortunately, the 2 cards are my oldest open credit cards--about 7 yrs. old apiece.


Today, a $59 annual fee hit the $800 card. This is ridiculous! Usurious, in fact! So I called to have them waive the fee. I was connected to a manager who refused to waive it, but offered to let me pay ONLY $26. I pointed out that my Discover and Chase cards charge NO fees and that they actually provide me with more services and protections. I told him that I would not be paying ANY annual fees to HSBC, and if that was the deal, that I would cancel both accounts, immediately.


He was only too happy to assist me. Almost gleeful!


I know that this will eventually affect my AAoA and my overall available credit amount AND that you are never supposed to close your oldest account--- but I have grown utterly sick and TIRED of being bullied around and exploited by these greedy credit card companies. My days of being a fee / interest sucker for them are OVER! Since I moved to a new apartment and bought a new car just a month ago, I should not need access to seriously great credit scores again for at least 5 more years, so good riddance, already! My MyFICO scores on here as of today (I just splurged and pulled and printed them) are 725 EQI, 765 TU. 


<rant over> Smiley Very Happy

All 3 bureaus (per Amex CreditSecure FAKO) are still 748 (as of 12/19/13). Cards: Discover It, $12,100, Chase Freedom $3,300, Chase Amazon $1,500, Walmart store $11,000, AMEX Zync NPSL, Costco Amex $14,700. US. Bank Cash +, $5,000. AMEX SPG $6,000, PenFed Plat. Cash Rewards $17,500, PenFed P-LOC $10,000, Citi Forward $5,100, Chase Slate $5,000, Old Navy, $2,200.
Posts: 93
Registered: ‎11-21-2012
0 Kudos

Re: I'm Liberated! I Just D/C'd My 2 Household Bank Accounts

Who cares !! 10 years when this actually matters you will be in amex heaven....LOL...
Amex BCE...Amex ED...Barclay WMC...Priceline Rewards Visa...Cap One Venture...Total Rewards Visa...Wells Fargo Visa...Discover IT...Pay Pal Smart Connect...Overstock Store Card...Lowe's Store Card

Established Contributor
Posts: 560
Registered: ‎09-29-2012
0 Kudos

Re: I'm Liberated! I Just D/C'd My 2 Household Bank Accounts

Congrats!  Eyes front.  Don't look back.  Kiss them goodbye Smiley Wink

Established Contributor
Posts: 857
Registered: ‎02-11-2012
0 Kudos

Re: I'm Liberated! I Just D/C'd My 2 Household Bank Accounts

Congrats! Your AAOA will recover fast with the two new trade lines.

Starting scores 01/02/2012 EQ 707(Fico) TU 733(Fico)XP 735 (FAKO)
Updated scores 05/01/17 EQ 824, TU 812 EXP 810 (all Fico scores) Remember the Three P's: Pay early in Full, Pay on Time, Patience

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.