topic Re: Closing credit one tomorrow. in Credit Cards

Closing credit one tomorrow.

torry590 — Thu, 15 Jul 2021 23:37:25 GMT

I just paid this off today. My profile supports cards without fees now. This one charges an annual fee and monthly fee. It's a little over a year old.

Any advice when I make that phone call? I've gotten to a spot to where I do not need predatory cards anymore. So this is the first one on the chopping block. Any experience with canceling them would be greatly helpful so I know what I'm walking into. Search seems to be hit or miss, everyone seems to ask different things or what to demand.

Re: Closing credit one tomorrow.

Loquat — Thu, 15 Jul 2021 23:41:38 GMT

I know it may seem like a very simple answer...and that's because it is and should.

Tell them you don't want the card and are not interested in entertaining any offers associated with keeping it.

Don't ever let someone pressure you into doing something you don't want to do...or in this case, keep.

Re: Closing credit one tomorrow.

Rudy1 — Thu, 15 Jul 2021 23:45:07 GMT

When I closed it they were offering me all this stuff will switch u to another card product will give u a cli. As you said its a predatory card say no thanks and get it closed.

Re: Closing credit one tomorrow.

Remedios — Fri, 16 Jul 2021 00:09:25 GMT

Also, after card is closed, watch the account like a hawk for a little over 30 days.

Closing the account doesn't stop residual interest (if any), and also to make sure no additional fees post.

That happens with relative frequency with Credit One, so be careful.

Re: Closing credit one tomorrow.

Rudy1 — Fri, 16 Jul 2021 00:24:40 GMT

They did this to me got charged like $29.00 paid it off and nothing since.

Re: Closing credit one tomorrow.

SUPERSQUID — Fri, 16 Jul 2021 00:34:34 GMT

I have closed 2 of my sub primes including one today. firstly i made sure i paid them to zero and let another statement elapse just to make sure there was no phantom interest. last month i closed next gen first digital and today i closed applied bank visa.

before i called them i wrote down questions to ask them when i closed the cards,

name and any id number of the csr

verification i owed zero

request for written proof i closed account on that day

in both instances they said they would mail out a confirmation to me that i closed the account and i should receive it in 7-10 days.

i did receive the letter from first digital last month but after a few phone calls because the first csr i talked to was an idiot and knew very little, be prepared to write everything down.

i just paid reflex down to zero and next month plan to close that one.

in jan after i get an nfcu card i plan to get rid of a few more. i was courteous with the csr's when i called and thanked them for the opportunity.

i am in to the next tier of cards, lower interest, rewards, and bt's not to mention much higher sl's

Re: Closing credit one tomorrow.

FalconSteve — Fri, 16 Jul 2021 02:05:54 GMT

Congrats!

Re: Closing credit one tomorrow.

Red1Blue — Fri, 16 Jul 2021 02:20:01 GMT

If you have other cards and if this card has AF then let the card goto chopping block. Nothing to be concerned. Just do it. As others said watch for residual interest they might charge and pay it on time so it does not reflect negatively on your report.