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Should I close my best buy gold mc?

Established Contributor

Should I close my best buy gold mc?

My CL is only 500 dollars. I never really use it and the last time I used it was in dec and was PIF. It is run by capital one (formerly HSBC ) which im sure most of you know. It has an AF of 59 dollars and the rewards aren't that great. All CLIs are HPs and I asked about getting this removed and they said they couldn't. I don't wanna go through cap1s EO again as I'm sure they couldn't do anything. Any way I could downgrade to the store card and possibly get a higher limit? I haven't used it anywhere but best buy../ I'm leaning towards closing it because the AF is coming next month
Wallet: Barclay-5k, Citadel MC- 5k, Slate- 4k, Freedom- 3k, BOA- 3k, Citi- 2k, AMEXBCE- 2k and more...
10 REPLIES
Contributor

Re: Should I close my best buy gold mc?

I would close it. 

High AF - Low CL - Low chance of a worthwhile CLI - Rewards that are 'meh' at best. 

 

From the looks of your siggy it won't impact your UTIL very much so I don't see a reason not to close the acct. 

 

 

Just *my* opinion though Smiley Wink


Walmart Discover ($5000) - Amazon ($5500) - Cap1 Cash Rewards ($2000) - Meijer ($5000) - Discover More ($1800) - Car Care One ($2100) - Amex Delta Skymiles ($2000) - Citi Thank You Preferred ($2000) - Chase Freedom ($500) - Sam's Club, GE ($1237?)
Established Contributor

Re: Should I close my best buy gold mc?

It's appreciated! Thank you Smiley Happy
Wallet: Barclay-5k, Citadel MC- 5k, Slate- 4k, Freedom- 3k, BOA- 3k, Citi- 2k, AMEXBCE- 2k and more...
Established Contributor

Re: Should I close my best buy gold mc?

I called and they waived the annual fee ill keep it for the rest of the year then lol
Wallet: Barclay-5k, Citadel MC- 5k, Slate- 4k, Freedom- 3k, BOA- 3k, Citi- 2k, AMEXBCE- 2k and more...
Contributor

Re: Should I close my best buy gold mc?

As long as there is no AF then there is no reason to close it. 


Walmart Discover ($5000) - Amazon ($5500) - Cap1 Cash Rewards ($2000) - Meijer ($5000) - Discover More ($1800) - Car Care One ($2100) - Amex Delta Skymiles ($2000) - Citi Thank You Preferred ($2000) - Chase Freedom ($500) - Sam's Club, GE ($1237?)
Established Contributor

Re: Should I close my best buy gold mc?

Only for this year they did tho
Wallet: Barclay-5k, Citadel MC- 5k, Slate- 4k, Freedom- 3k, BOA- 3k, Citi- 2k, AMEXBCE- 2k and more...
Senior Contributor

Re: Should I close my best buy gold mc?

fair enough!

Banking with CBofTV, BofH, and BBVA. All three are free checking accounts.
First Premier CC $500
Chapter 7 BK Discharged on 7/11/16
Equifax, Experian, Transunion, and ChexSystem are FROZEN.
Gardening Since 10/25/2017
Established Member

Re: Should I close my best buy gold mc?

I'm in the same boat. I called the regular customer service number and was told they will not waive it. Did you call the EO? I don't want to close mine but, like you, it is a low limit and $49/yr. I was able to PC my other C1 card into a reward card with no AF last month.

Established Contributor

Re: Should I close my best buy gold mc?

I just called the number on my best but card and just said I wanted to close it because I can hardly use it because of the low limit and high annual fee and he transferred me to someone and I reexplained my reasons and he waived the AF for this year
Wallet: Barclay-5k, Citadel MC- 5k, Slate- 4k, Freedom- 3k, BOA- 3k, Citi- 2k, AMEXBCE- 2k and more...
Mega Contributor

Re: Should I close my best buy gold mc?


SpeedingWheels wrote:

I would close it. 

High AF - Low CL - Low chance of a worthwhile CLI - Rewards that are 'meh' at best. 

 

From the looks of your siggy it won't impact your UTIL very much so I don't see a reason not to close the acct. 

 

 

Just *my* opinion though Smiley Wink


Agreed. Not sure if you can request the store card on an app.

 




EQ FICO 548 3/3/16