topic Re: Started closing some accounts!! in Credit Cards

Started closing some accounts!!

datrucking210 — Wed, 28 Oct 2015 18:03:59 GMT

Due to my recent success with NFCU I decided to close some accounts.

Started with Credit One, I opened it last year in August. I got the better one of their cards with the 19.9% interest and $45 annual fee, the no grace period was the killer. Was opened with a $500 limit and when I got the card it was up'd to $650. Just two months ago it was increased to $900. I rarely used it though. I called and rep persuaded me to keep it open since I had pay the annual fee, dumb I know. I told him this card had served it's purpose and it was time to let it go. Even offered me a $25 credit to stay I thanked him but said no thanks. Account was closed.

Just right now I got off with Merrick Bank to close this account. Card was opened also in August of last year after receiving a mailer. $700 sl and it would double in 7 months High interest at 25.45% with $48 monthly fee that would be billed monthly after the first year. I thought I would see another increase but nothing so I decided to call. Rep just asked why I was closing the account and I just told him the annual fee and the high interest. Rep didn't even offer anything to me to keep it open so I went ahead and closed it.

So that's it I don't have anymore cards with annual fees. Next is probably the Victoria secret card.

Re: Started closing some accounts!!

Anonymous — Wed, 28 Oct 2015 18:07:34 GMT

Feels good, doesn't it? I closed three crap cards in April.

Re: Started closing some accounts!!

Anonymous — Wed, 28 Oct 2015 18:15:35 GMT

Congrats on closing the ugly cards...on a side note.......

That Raiders Barclay card looks sweeeeeeeeeeeeeeeeeeeeeeeeeeeeet!!!

I want the card just for that alone, screw the NFL points..

Re: Started closing some accounts!!

OmarGB9 — Wed, 28 Oct 2015 18:22:30 GMT

If only more people would be firm when calling to cancel their Credit One cards like you. Lol. Grats.

Re: Started closing some accounts!!

Anonymous — Wed, 28 Oct 2015 18:23:48 GMT

@OmarGB9 wrote:
If only more people would be firm when calling to cancel their Credit One cards like you. Lol. Grats.

I also got offered $25 credit to keep it open...of course I accepted, closed it a week later.

Re: Started closing some accounts!!

datrucking210 — Wed, 28 Oct 2015 18:26:11 GMT

@Anonymous wrote:
@OmarGB9 wrote:
If only more people would be firm when calling to cancel their Credit One cards like you. Lol. Grats.
I also got offered $25 credit to keep it open...of course I accepted, closed it a week later.

I guess that's how you do it. I could've done that but that idea didn't pop in my head and I was pretty firm in closing it.

Re: Started closing some accounts!!

OmarGB9 — Wed, 28 Oct 2015 18:28:18 GMT

Haha seems a little shady, but then this is Credit One we're talking about, and I'm sure their logo being nearly identical to Capital One's is no coincidence.

Re: Started closing some accounts!!

datrucking210 — Wed, 28 Oct 2015 18:29:24 GMT

@Anonymous wrote:
Congrats on closing the ugly cards...on a side note.......

That Raiders Barclay card looks sweeeeeeeeeeeeeeeeeeeeeeeeeeeeet!!!

I want the card just for that alone, screw the NFL points..

Yeah I still have the chip less card. I asked them when would I get the chip card and they told me they're in the process of shipping them out soon.

Re: Started closing some accounts!!

Anonymous — Wed, 28 Oct 2015 20:24:16 GMT

The Discover la kings, another cool one. Everybody with me on the fake black credit card bandwagon?

Re: Started closing some accounts!!

Anonymous — Wed, 28 Oct 2015 20:29:56 GMT

Luckily, while I was a credit card noob back in April (I nearly applied for everything that appeared before my eyes), I didn't apply for something that looked like Capital One, even with that swoosh sign.

Re: Started closing some accounts!!

Anonymous — Wed, 28 Oct 2015 21:37:21 GMT

@datrucking210 wrote:
@Anonymous wrote:
Congrats on closing the ugly cards...on a side note.......

That Raiders Barclay card looks sweeeeeeeeeeeeeeeeeeeeeeeeeeeeet!!!

I want the card just for that alone, screw the NFL points..
Yeah I still have the chip less card. I asked them when would I get the chip card and they told me they're in the process of shipping them out soon.

I just got an eMail from them today that the chip card is on the way for my NFL. No notice yet for Sallie Mae.

Re: Started closing some accounts!!

SunriseEarth — Thu, 29 Oct 2015 00:17:53 GMT

@datrucking210 wrote:
Due to my recent success with NFCU I decided to close some accounts.

Started with Credit One, I opened it last year in August. I got the better one of their cards with the 19.9% interest and $45 annual fee, the no grace period was the killer. Was opened with a $500 limit and when I got the card it was up'd to $650. Just two months ago it was increased to $900. I rarely used it though. I called and rep persuaded me to keep it open since I had pay the annual fee, dumb I know. I told him this card had served it's purpose and it was time to let it go. Even offered me a $25 credit to stay I thanked him but said no thanks. Account was closed.

Just right now I got off with Merrick Bank to close this account. Card was opened also in August of last year after receiving a mailer. $700 sl and it would double in 7 months High interest at 25.45% with $48 monthly fee that would be billed monthly after the first year. I thought I would see another increase but nothing so I decided to call. Rep just asked why I was closing the account and I just told him the annual fee and the high interest. Rep didn't even offer anything to me to keep it open so I went ahead and closed it.

So that's it I don't have anymore cards with annual fees. Next is probably the Victoria secret card.

Odd enough, the cards I've closed since BK have been CreditOne, Merrick, and Victoria's Secret. You must have read up on me.

Re: Started closing some accounts!!

Espresso — Thu, 29 Oct 2015 03:14:42 GMT

@datrucking210 wrote:
Due to my recent success with NFCU I decided to close some accounts.

Started with Credit One, I opened it last year in August. I got the better one of their cards with the 19.9% interest and $45 annual fee, the no grace period was the killer. Was opened with a $500 limit and when I got the card it was up'd to $650. Just two months ago it was increased to $900. I rarely used it though. I called and rep persuaded me to keep it open since I had pay the annual fee, dumb I know. I told him this card had served it's purpose and it was time to let it go. Even offered me a $25 credit to stay I thanked him but said no thanks. Account was closed.

Just right now I got off with Merrick Bank to close this account. Card was opened also in August of last year after receiving a mailer. $700 sl and it would double in 7 months High interest at 25.45% with $48 monthly fee that would be billed monthly after the first year. I thought I would see another increase but nothing so I decided to call. Rep just asked why I was closing the account and I just told him the annual fee and the high interest. Rep didn't even offer anything to me to keep it open so I went ahead and closed it.

So that's it I don't have anymore cards with annual fees. Next is probably the Victoria secret card.

I can't wait to close my CO and Merrick cards. Congrats!

Re: Started closing some accounts!!

klarso11 — Thu, 05 Nov 2015 00:56:31 GMT

I closed 2 Credit One accounts today. Also combined 2 Capital One cards into 1 account. At this time I have 1 department store card and 1 Visa that do not give cash back. Credit One is good for rebuilding or just starting out.

Re: Started closing some accounts!!

bigpoppa09 — Thu, 05 Nov 2015 08:53:18 GMT

Did your scores drop from closing the card?

Re: Started closing some accounts!!

Anonymous — Thu, 05 Nov 2015 09:21:09 GMT

Congrats on closing Credit One & Merrick Bank credit cards!!! Merrick Bank does not offer incentives to retain customers. I also called their corporate office to try and get the monthly fee waived and APR reduced. It was a no go. They are happy in the sub-prime market. Unfortunately, there will always be people that fall into this category.

Re: Started closing some accounts!!

klarso11 — Sat, 07 Nov 2015 05:52:23 GMT

Closing 3 cards had little if any effect on credit. Barclays just added an auto $1300 cli tonight.

Re: Started closing some accounts!!

NRB525 — Sat, 07 Nov 2015 06:07:38 GMT

@bigpoppa09 wrote:
Did your scores drop from closing the card?

Score would not drop from closing the card.

Bank account would jump due to no more outrageous fees.

Re: Started closing some accounts!!

NRB525 — Sat, 07 Nov 2015 06:09:16 GMT

@datrucking210 wrote:

Started with Credit One, I opened it last year in August. I got the better one of their cards with the 19.9% interest and $45 annual fee, the no grace period was the killer.

Congratulations on the closings!

I had to chuckle at this one. I guess even the Worst situation has a Less Worse situation available