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Super Contributor
Posts: 6,026
Registered: ‎09-18-2007
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Should I close BOA / FIA Cards?

I called CSR and asked them to restore the credit limit on my BOA / FIA Cards. CSR said to apply for CLI. I applied online and got message I would hear in 5-7 days. If they do not restore the CL should I just close the cards or should I just stop using them and shred the cards? I am bit disappointed with these CLD's and FR's. I never carry balance and I always do PIF. I  am going to back to good old GREEN stuff we used to buy things.
Senior Contributor
Posts: 4,831
Registered: ‎04-20-2007
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Re: Should I close BOA / FIA Cards?

5-7 sounds like a denial. How bad did they cut you Concord? As for closing altogether it really depends on the situation.
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Epic Contributor
Posts: 28,098
Registered: ‎04-01-2007
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Re: Should I close BOA / FIA Cards?

I'd keep them open, pay off your balances, and see what they do.

It won't hurt to keep them open for a while, while the dust settles.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Frequent Contributor
Posts: 403
Registered: ‎04-08-2009
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Re: Should I close BOA / FIA Cards?


haulingthescoreup wrote:
I'd keep them open, pay off your balances, and see what they do.

It won't hurt to keep them open for a while, while the dust settles.

hauling is correct, there is a negative sentiment still out their an the dust hasn't settled yet. Just hold on to your Knickers till it settles then see what happens. All will be well.....I HOPE:smileywink:

 

King

Equifax 787, TransUnion 793, Experian ? FAKO--> Who Cares
Senior Contributor
Posts: 3,071
Registered: ‎05-17-2007
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Re: Should I close BOA / FIA Cards?

You're not alone. Better to toss in the sock drawer than cancel most of the time.
If we never set higher goals we would never get as far.
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