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Called Credit One today to have my Credit One platinum rewards card cancelled. I've had this card for almost a year and used it soley to lower the utilization on my credit cards. It's purpose has been fulfilled, and I requested that the account was closed.
They, of course, gave me a super difficult time. Begging me to stay. Literally offering me refunds on my annual fee from last year if I kept my account open. I was like "No, I'll pass but thank you." Finally, after about 10 minutes of them trying to get me to reconsider my decision, they closed my account at my request. He said I would get a letter/email confirmation, I also asked for the reference number for the phone call.
Is there anything else that I should do?
This is my first time closing a credit card! I've been putting it off for about 2 weeks and figured I'd get it over with.
I'm not understanding why or how you were using it to make your utilization larger on your credit cards?
my wording was off a bit. I did it to make my available credit higher and therefore lower my utilization.
Sounds like you did it right to me, just hold on to that reference # if in the next month or two it's still reporting open you can challenge it...
Yep, yep. Of course, always double check your reports in a month or so, but that is exactly all you need to do.
Cool, thank you guys!