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Valued Contributor
mjbfan79
Posts: 1,998
Registered: ‎03-31-2008

Should I Dump 1st Premier

I just send a request for a CLI an was denied but then the rep on the phone tells me I'm pre approved for a new card I nicely told her no thank you. I've had this account now 8 months an really didn't plan of keeping it but I really would like to dump them today cause I'm tired of paying the $7 monthly fee.I was just approved for Capital One for a $500 limit a month ago so that could replace my CL on 1st Premier. Will i be making the right move if I close it today.

Starting Score 3-31-08: EQ 582 TU 577 EX 625
Current Score 3-19-10: EQ 703 TU 712 EX No Clue
Goal Score: 800 By January Of 2012


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Mega Contributor
Creditaddict
Posts: 18,804
Registered: ‎10-23-2007

Re: Should I Dump 1st Premier

if you only have cap1 and 1st premier then I would wait until you get some more credit.

got any others? 

Fico Scores: EQ 639 Navy, TU 665 GE, EX 677 Prosper (07-09-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Fidelity Amex $25k (AU)
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Valued Contributor
mjbfan79
Posts: 1,998
Registered: ‎03-31-2008

Re: Should I Dump 1st Premier


Creditaddict wrote:

if you only have cap1 and 1st premier then I would wait until you get some more credit.

got any others? 


 

No i have 11 other credit cards lol

Starting Score 3-31-08: EQ 582 TU 577 EX 625
Current Score 3-19-10: EQ 703 TU 712 EX No Clue
Goal Score: 800 By January Of 2012


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Mega Contributor
Creditaddict
Posts: 18,804
Registered: ‎10-23-2007

Re: Should I Dump 1st Premier

oh get rid of them!!! lol

I'm just waiting to get rid of my Credit One but everytime I think about it they give me CLI so I hold on to them a bit longer! 

Fico Scores: EQ 639 Navy, TU 665 GE, EX 677 Prosper (07-09-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Fidelity Amex $25k (AU)
Lowest Limit: Buckle $250
Over 30 Cards in between :smileytongue:
Moderator Emeritus
llecs
Posts: 32,880
Registered: ‎08-04-2007

Re: Should I Dump 1st Premier


Creditaddict wrote:

I'm just waiting to get rid of my Credit One but everytime I think about it they give me CLI so I hold on to them a bit longer! 


Ditto. Everytime I think about cancelling, they slip me another $100.

 

Frequent Contributor
moondog7324
Posts: 488
Registered: ‎04-09-2008

Re: Should I Dump 1st Premier

11 credit cards? how many of those are you paying annual (or worse monthly ) fees? Why in the heck do you need a 500 Crap1 card?
Valued Contributor
mjbfan79
Posts: 1,998
Registered: ‎03-31-2008

Re: Should I Dump 1st Premier


moondog7324 wrote:
11 credit cards? how many of those are you paying annual (or worse monthly ) fees? Why in the heck do you need a 500 Crap1 card?

 

I only have to other cards with a AF Orchard an Total Visa but First Premier is the worst cause they charge monthly fees plus a AF. I'm gonna get rid of all cards with a AF in the future but First primmer is the worst so that's why there going first. I'm still in the rebuilding stage my highest CL is on my Orchard which is $700 so my $500 limit on Capital One is needed I don't have a AF plus I'm in the credit steps program so my limit will be 1k in 2 months.


Starting Score 3-31-08: EQ 582 TU 577 EX 625
Current Score 3-19-10: EQ 703 TU 712 EX No Clue
Goal Score: 800 By January Of 2012


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Frequent Contributor
moondog7324
Posts: 488
Registered: ‎04-09-2008

Re: Should I Dump 1st Premier

What I would do is start weeding out the fee cards. Put the money going towards fees in a credit union- and add 25 bucks a paycheck into the account, until you have $1000 ask or a secured card.

please do not open any more junk cards.

Frequent Contributor
shalane85
Posts: 286
Registered: ‎06-19-2008

Re: Should I Dump 1st Premier

I just got Credit One. Are they good on CLI?
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Valued Contributor
mjbfan79
Posts: 1,998
Registered: ‎03-31-2008

Re: Should I Dump 1st Premier

Well i just made the call First Premier is officially closed. I'm happy one less fee i have to pay every month an one less account i have to manage.


Starting Score 3-31-08: EQ 582 TU 577 EX 625
Current Score 3-19-10: EQ 703 TU 712 EX No Clue
Goal Score: 800 By January Of 2012


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