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Regular Contributor
ninjamike81
Posts: 208
Registered: ‎08-16-2012

Re: OMG CHASE FREEDOM INSTANT APPROVAL

2 months capitol one.  just tried to get the to drop the annual fee of 19.00 through live chat but they wont budge.  im wondering if i should just cancel it now that i have a prime card

 


Starting Score: TU 583, EX 683, EQ 653
Current Score: TU DISCOVER FICO 734 EX FICO 726 LENDER PULL 3/10/2013 EQ FICO 723
Goal Score: 750

WALLET: CAP ONE UNSEC $2000, WALMART $3800, CHASE FREEDOM $1000, CITI SIMPLICITY $2600, DISCOVER IT $2000, BBRZ $2200, AMEX BCE $6000, KAWASAKI GOOD TIMES CARD $21,000
Regular Contributor
DeadSpider
Posts: 244
Registered: ‎07-29-2012

Re: OMG CHASE FREEDOM INSTANT APPROVAL

Call Cap1 again and cancel over the phone they might drop the $19 if not close that $%$%#^.

Cap1 QS $11500, Freedom $5000K, Slate $8000 Amex Sky $2000K, Discover IT $4400, BCE $8800, NFL $1500, Lowes $7000

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Current Score: 742
Goal Score: 800


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Valued Contributor
maiden_girl
Posts: 2,005
Registered: ‎12-29-2011

Re: OMG CHASE FREEDOM INSTANT APPROVAL


DeadSpider wrote:

Call Cap1 again and cancel over the phone they might drop the $19 if not close that $%$%#^.


It sounds like cap one is the oldest trade line account. I wouldn't advise canceling it b/c it will drop your AAoAs. I would keep it open and just not use it. Cap one never gives CLIs...

 

The truth is out there...
FICO scores: 724 (EQ) 709 (EX) 711 (TU) 4/14 | Goal score: 750+ (all 3)
Tradelines: Capital One (5.0k) | Discover IT (5.0k) | Walmart Discover (5.0k) | Chase Freedom NPSL (7.3k) | Citi Simplicity (9.3k)
--------------------------Gardening until my credit recovers...NO MORE INQUIRES TIL 2015
Established Contributor
migliogiorni
Posts: 657
Registered: ‎06-27-2012

Re: OMG CHASE FREEDOM INSTANT APPROVAL

Nice card to have love my Freedom over Discover.  Like the previous poster said if it's your oldest account keep it if you can afford it, if not drop them if they don't drop my anual fee I will drop them in December, GL.

 

BOA: 8.9k
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Regular Contributor
armywifey85
Posts: 246
Registered: ‎01-25-2008

Re: OMG CHASE FREEDOM INSTANT APPROVAL

[ Edited ]

Chase, is in the giving mood. I just got me a Sapphire preferred visa sig this week. I just got the Chase Southwest RR about 7 months ago.

Valued Contributor
jamesdwi
Posts: 1,433
Registered: ‎09-16-2011

Re: OMG CHASE FREEDOM INSTANT APPROVAL


maiden_girl wrote:

DeadSpider wrote:

Call Cap1 again and cancel over the phone they might drop the $19 if not close that $%$%#^.


It sounds like cap one is the oldest trade line account. I wouldn't advise canceling it b/c it will drop your AAoAs. I would keep it open and just not use it. Cap one never gives CLIs...

 


this is wrong, closed cards in good standing stay on your report for 10 years. in 10 years the OP will hopefully have long history so the lost of the card then will have very little impact.  The only reason not to close a card is that it will effect your total UTL.  

 

The AF is not terrible, if you don't need the card close it, if you can think of any reason to keep it that is worth $20 keep it open. 

 

 

Cards: Chase Southwest 20k & CSP 10k & Amtrak 4.6k, & Freedom 3.3k & Slate 3.3k, FNBO DISC 14.9k Oregon Duck 5k, & AMEX BCP 15k & AMEX Hilton Surpass 7.5k & AMEX Zync NPSL, Sams Club Discover 10k, Paypal Extras MC 6k, CapOne 2.5k, CapOne 750, Amazon 3.9k, Walmart 4.5k, Citi Simplicity 7k, HHonors Gold 1k (moved 5k CL to Simplicity), Discover IT 6.5k and a nice stack of store cards.
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Regular Contributor
ninjamike81
Posts: 208
Registered: ‎08-16-2012

Re: OMG CHASE FREEDOM INSTANT APPROVAL

[ Edited ]

talked it over with my wife and i guess ill keep the cap1 account open but at 24.99% and $19 a year definatly not going to use it but once every 3 months or so just to keep them from canceling it.  does any one know how long it takes them to cancel for non use.  if i use it once every 6 months is that enough to keep it open.  my uitl. is only 6%  and now lower  b/c of the walmart card and new freedom card.  also the balance on the cap one card is ready to be payed as soon as the charge hits it from 2 days ago $34 from carryout lol than it will be payed off to $0. thanks mike


Starting Score: TU 583, EX 683, EQ 653
Current Score: TU DISCOVER FICO 734 EX FICO 726 LENDER PULL 3/10/2013 EQ FICO 723
Goal Score: 750

WALLET: CAP ONE UNSEC $2000, WALMART $3800, CHASE FREEDOM $1000, CITI SIMPLICITY $2600, DISCOVER IT $2000, BBRZ $2200, AMEX BCE $6000, KAWASAKI GOOD TIMES CARD $21,000
Established Member
xxpert
Posts: 40
Registered: ‎06-29-2007

Re: OMG CHASE FREEDOM INSTANT APPROVAL

you generally wanna space your Chase apps by at least 30 days...you will almost always get a pending decision if you apply within 30 days 

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Established Contributor
Koop10010
Posts: 731
Registered: ‎02-15-2012

Re: OMG CHASE FREEDOM INSTANT APPROVAL

I'm not positive, but I think Capitol One has said they don't close inactive accounts.  I once had a Capitol One account that I hadn't used for 10 months before I closed it.

FICOs (2/24/12): EX 752, EQ 740
Chase Sapphire Preferred, Freedom; American Express PR Gold, Blue Cash Everyday
Regular Contributor
ninjamike81
Posts: 208
Registered: ‎08-16-2012

Re: OMG CHASE FREEDOM INSTANT APPROVAL

thanks for the info koop i guess its sock drawer time for cap 1


Starting Score: TU 583, EX 683, EQ 653
Current Score: TU DISCOVER FICO 734 EX FICO 726 LENDER PULL 3/10/2013 EQ FICO 723
Goal Score: 750

WALLET: CAP ONE UNSEC $2000, WALMART $3800, CHASE FREEDOM $1000, CITI SIMPLICITY $2600, DISCOVER IT $2000, BBRZ $2200, AMEX BCE $6000, KAWASAKI GOOD TIMES CARD $21,000

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