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Is It Time To Drop FPB?

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FrugalRican
Blogger

Re: Is It Time To Drop FPB?


@KayMD wrote:

The thing about this card is that it has open doors for me. Should I get rid of it? Cause even if I don't use it I still have to pay $7 a month.  



Feel absolutely no loyalty to a company that is willing to charge you $7 a month even if you don't use it, even if they gave you your first chance.

Axe it.

Follow my financial journey: http://www.frugalrican.com


EQ FICO (01/16/2012): 656 - EQ FICO (02/16/2012): 743 - EQ (02/24/2012): 760 - EX (04/28/2012): 739 - GOAL 2013: 800+

AMEX BCE (0/10K) --- BOA 1-2-3 (0/15.9K) --- Discover More (0/6K) --- Chase Freedom Visa (0/1.4K) -- Hyatt Visa Sign. (0/5.8K) -- Barclay's NFL Card (0/7.5K) -- Chase Sapphire Preferred (0/5K)

Message 11 of 21
jamesdwi
Valued Contributor

Re: Is It Time To Drop FPB?

 

stop, do not pass go, call them imediately  close the account, its a negative to have them on your CR for some prime lenders. then the card feeds the shredder.  They may of even been holding you back, you may want to think about getting a GE backed store card, walmart (free Fico score, etc) or amazon  for there frequent CLI's you seem to be stuck at with low limit cards, and low limit cards breed low limit cards, 4-8 months with a GE store card and you should have a card higher than any you have now and no AF. 

 

 

Cards: Chase Southwest 20k & CSR 17k & CSP 10k & FNBO 30k Oregon Duck 5k, & AMEX BCP 32.5k & Amex Magnet 15k&amg; Hilton Surpass 7.5k & Delta Gold 12k & Zync NPSL, Fidelity AMEX 17k Commerce5.9k & Cash Forward 7.5k & Sams Club MC 20k, Paypal Extras MC 10k, Paypal Credit 7.25k CapOne Venture 15k, QS 2.5k, QS 750, Amazon 10k, Walmart 10k, Citi Simplicity 18k, Discover IT 23k and a nice stack of store cards.
Landmarkcu Personal Loan 10k
Message 12 of 21
webhopper
Moderator Emeritus

Re: Is It Time To Drop FPB?

Close it, don't waste time!  Smiley Happy  GJ on building good credit!

FICO 9:
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.

Goal: Gardening!


Message 13 of 21
Anonymous
Not applicable

Re: Is It Time To Drop FPB?

Yes, close it ASAP. I just closed mine last week with its meager $250 limit and $0 balance that I'd had for a while. The lady tried to get me to keep it when I called and even offered me a $45 credit to my account. With the $59 AF coming up in June and $7/month fee...that wasn't going to cut it. Glad to let them go.

Message 14 of 21
LS2982
Mega Contributor

Re: Is It Time To Drop FPB?

Did you axe it yet OP???

 

Please dont let them get you for more fees!!! I hated giving it to them for a year myself!!




EQ FICO 548 3/3/16
Message 15 of 21
KayMD
Valued Member

Re: Is It Time To Drop FPB?

Closed it today. !!!! Yayyyyyyyy!!!!

 

Also I got an offer from Credit One Bank for $400 credit line should I take it?

Message 16 of 21
LS2982
Mega Contributor

Re: Is It Time To Drop FPB?


@KayMD wrote:

Closed it today. !!!! Yayyyyyyyy!!!!

 

Also I got an offer from Credit One Bank for $400 credit line should I take it?


CONGRATS!!!!!!!!

 

NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO at CreditOne!!!!!!!!!!!!!




EQ FICO 548 3/3/16
Message 17 of 21
KayMD
Valued Member

Re: Is It Time To Drop FPB?

Okay. Can anyone make a recomendation for what card should I apply for to replace FPB?

Message 18 of 21
archieb
Established Member

Re: Is It Time To Drop FPB?

Lol. Hell no. You don't need to feed subprime anymore. If WF is secured, I'd deposit as much as I could on that; hoping that Amex will match it on a revolver in the future. Grats!!

Starting Score:(3/2012) EQ 604,TU98 560
Current Score: (4/2012) EQ 612,TU98 595
Goal Score: 700


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Message 19 of 21
LS2982
Mega Contributor

Re: Is It Time To Drop FPB?


@archieb wrote:
Lol. Hell no. You don't need to feed subprime anymore. If WF is secured, I'd deposit as much as I could on that; hoping that Amex will match it on a revolver in the future. Grats!!

I agree with this, stay away from subprime!!




EQ FICO 548 3/3/16
Message 20 of 21
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