I think its worth it to take the FICO hit if you are paying them an AF. As of this year, I made a resolution to NEVER pay an AF, transaction fees or any interest to the cc. I have an Orchard Bank card that I got back in 1999 when I was trying to establish credit for the first time and now I only keep it open for the history. If they were charging me an AF I would have dropped them with the quickness, FICO score be damned.
KevKaos wrote:I'm in the same boat as you. Only difference is that I want to "try" to keep the account open because it is my oldest tradeline. I just charge something small evey couple months or so and then pay it off before the statement comes. In Nov, when it is time for my annual fee, I will hit them up to either drop it completely, or at least drop it in half. If they don't go for it, I may need to drop them completely and take the FICO hit for losing my oldest TL.
Exactly! For me, if a card has an AF it's off limits.I'd gladly take the drop in my fico score rather than hand over a dime of my hard earned money to the ccc. As far as interest rates, I pif every month so I never even pay attention to that.
I will not let any cc company hold me hostage with FICO score fears.