I'm not discounting credit ones purpose in helping me rebuild, junior, for some this card is the only unsecured line they can get. This time last year I was very excited to get my credit one card but I've worked hard on improving my credit and I know others here feel the same. At this point I've shown the responsibility that leads to the next tier of cards higher credit limits with rewards for good credit behavior. Again I'm grateful that I had the credit one card as it served a purpose but I need cards that can grow with me and credit one is just not the bank I want to grow with. I'm ready for credit cards companies to swoon for my business not the other way around lol
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Pay attention to your First Premier account. My card is cancelled but it isnt officially closed yet. In my account it shows the last monthly fee and then a credit for that fee since i can't technically use the account.
They explained that it is their policy to suspend the account for 3 months and stop the card from being used. After that time, they will completely close the account. I don't like the sound of it but if i end up with it completely closed i will be happy. It also gives me 3 more months of reporting that i don't have to pay for. Supposedly, this is so that people who change their mind will go back and reopen their account. It was also told to me that if i do reopen the account they will waive some of the fees.
Screw dat... no amount of freebies will make me go back to First Premier. It did it's job, i'm done.
Served their purpose, now let them go. Like others have said, make sure nothing is owed on them.
July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
June 2017 update: All scores over 820, just pure gardening now.
@ezdriver wrote:I have a CreditOne card with a $600 line. It has served its purpose in my rebuilding plan. I will eventually close it but I fail to see the "horror" that it poses being in my portfolio of cards. I put a small charge on it occasionally and the pay the bill in full when it arrives. Why is it so bad? The monthly fees, 6$ per month and then whatever the annual fee is. Between my two cards I paid about 225/250 annually to them? That money is better used somewhere else (Savings, to pay down another balance etc. ) I'm thankful they allowed me to rebuild and now it's time to move on.
