Should i close First Premier? And Capital One limit increase

[LS2982]

I wouldnt expect any CLI's from Cap1 on a secured card. If your not going to add money to it, and its hurting your util, your better off closing it.

[AndySoCal]

I agree with LS on the Cap One. Since it is a secured card your credit limit will be whatever money is in the account that secures it. I would also suggest you get a VISA or Mastercard  that is not secured at some point in time.  If some thing fruadulant happens to WF Visa debit card the re-imbursment is not going to be like a credit card. The porcess can take a while IE several weeks. Remember ia debit card does not have a zero percent fraud liability like a credit card.

[LS2982]

@AndySoCal +1 on debit card fraud

[clocktick]

I would get rid of FP now, as in, TODAY! 

Does the Cap One have an AF?  You may qualify for a Barclays at the moment.  Even denials turn into approvals with a lot of recons and it's a mastercard/visa.

[webhopper]

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@Denny33142 wrote:

On May of last year i opened a First Premier account because i had a low credit score and no one else would approve me, however now my scores are much better (mid 600's), I am now wondering if i should close the account since i am going to get hit with the annual fee on May (it is like $120), I pretty much only use the card once a month in order for it to show activity but other than that i have no use for it.

I also have a Secured Capital One credit card with a limit of $250 which i got back in June of last year, today i tried calling them to see if i can get an unsecured limit increase and they told me that they periodically review accounts but that i currently did not have any offers, basically they pretty much told me NO, i have had no late payments and have also kept utilization under 30%. I do not plan to close this account since the annual fee is only around $30 but it does piss me off that they do not want to give me an increase even after almost a year of perfect history.

What are your suggestions? should i close the First Premier? and do you guys have any advice on how to get an increase on the cap one?

Current Cards:

First Premier: $300 Limit (Opened 05/11)

Capital One: $250 Limit (Opened 06/11)

American Express Zync: No Limit (Opened 09/11)

Discover Card: 1000 Limit (Opened 03/12)

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First Premier needs to dissappear!  Cap 1 needs to go too!

[clocktick]

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@webhopper wrote:

First Premier needs to dissappear! 

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That rhymes and sounds like a cheer or protest chant - the board should start using it! 

Just picture it with all of us myficoers holding up signs that say that!

[Anonymous]

Kill off the FP, I recently did and feel good about not paying $7.00 a month plus annual card cost.!

[LS2982]

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@Anonymous wrote:

Kill off the FP, I recently did and feel good about not paying $7.00 a month plus annual card cost.!

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Same here!!! Mass joy now that all 3 bureaus are reporting FP as CLOSED!!!!!!