Hello all,
Wanting to let everyone know that NASA FCU abruptly closed my credit card with them. To give some back story, I've had the card about a year and a half. I got it during the NASA craze that happened awhile back.
Back then instantly approved me for a $30,000 credit line at 7.9%. My FICO score was a 780 with 1% utilization.
Fast forward to today, my FICO score is 750 with 5% credit utilization. There is nothing new on my credit report that should have spooked them. I think they may be shutting down accounts opened during the craze and that have been barely used.
I disputed the closure with the collections manager, and she said after further review the account would not be reopened because I already had high credit limits on other credit cards. Sounds ridiculous to me. NASA thinks that if you have enough credit elsewhere, they don't need to bother with you. Talk about jealous in the worst way. I also opened 2 new accounts in the last year.
One thing I think may have been a factor is that I only ever had a high balance of $20 over the year and a half of having the card.
Just a warning to those of you with NASA cards to be careful with them as they seem to be even more jealous than Barclays.
The account now shows up on my credit report as closed, with a note: "account closed by credit grantor."
Will this have adverse effects on my other accounts?
@robbulous wrote:Hello all,
Wanting to let everyone know that NASA FCU abruptly closed my credit card with them. To give some back story, I've had the card about a year and a half. I got it during the NASA craze that happened awhile back.
Back then instantly approved me for a $30,000 credit line at 7.9%. My FICO score was a 780 with 1% utilization.
Fast forward to today, my FICO score is 750 with 5% credit utilization. There is nothing new on my credit report that should have spooked them. I think they may be shutting down accounts opened during the craze and that have been barely used.
I disputed the closure with the collections manager, and she said after further review the account would not be reopened because I already had high credit limits on other credit cards. Sounds ridiculous to me. NASA thinks that if you have enough credit elsewhere, they don't need to bother with you. Talk about jealous in the worst way. I also opened 2 new accounts in the last year.
One thing I think may have been a factor is that I only ever had a high balance of $20 over the year and a half of having the card.
Just a warning to those of you with NASA cards to be careful with them as they seem to be even more jealous than Barclays.
The account now shows up on my credit report as closed, with a note: "account closed by credit grantor."
Will this have adverse effects on my other accounts?
Sorry to hear about the closure, no need to worry about "account closed by credot grantor". it doesn't affect FICO score and if somebody asks about it during a manual review, just say it was closed because of non use which is what actually happened.
Gardening until September 2025
I'm sorry this happened to you. As far as other accounts being affected, it's hard to say. I imagine that when a closed account reports other lenders will SP you to take a look. As long as it's just one card closed I think you'll be fine. Sucks losing 30k though 
That's a bummer! I have my NASA Card setup with a recurring bill.
As I do all of the CC's that I want to keep. I also have an automatic monthly deposit in place for my NASA savings account.
Sorry to read of your troubles.
OP definitely sorry to hear this but it sounds like you are more than ok (you said high balanace of $20).
That said, 12 months or so from now....
^^^ I'm more than ok. This credit loss does not impact me at all. I simply don't want for there to be a domino effect.
PS. that pic is hilarious.
Sorry to hear this. I think the risk of this causing issues with your other cards is minimal. If there was another one of your lenders thinking about doing the same thing, this could actually help in keeping them from doing it.
