topic Re: Capital One MTV visa approved! :) in Credit Cards

Capital One MTV visa approved! :)

Anonymous — Sat, 14 Apr 2012 01:39:39 GMT

So today I decided I wanted to get rid of my First Premier card that I have. (yes I know its bad, but it helped me out a bit) I didn't want to just close it because, although it has a low CL ($250), I like to have a credit card in case of an emergency. So I decided to apply for a cc with NO ANNUAL LIMIT ( I had no balance on the FPcard but I still got a bill every month for seven dollars I app for the Capital One MTV card and got approved for $500 cl !! Not too high but def better than the First Premier one! I am going to call to close it tomorrow! After this one I wil definately not apply for something for a good while.

A little bit of my credit profile: I am 21, First Premier: $250 cl; Wells Fargo Secured: $300; American Express Zync: $500 (just got it last month!! ); a few late payments in the past; Student Loans (deferred) $7500; Fingerhut $250.

Thanks to everyone on here, I rarely write but always read!

ps. I know technically it isn't good to close the acct because I will lose the history that comes with it, but I really don't want to be paying so much in fees. What do you guys think?

pps. I don't know how to update my signature thing but when I got the amex card they pulled eq and the letter said I had 613 eq fico

Re: Capital One MTV visa approved! :)

nick125 — Sat, 14 Apr 2012 02:04:28 GMT

Congrats on the new cards!

In my opinion, there's no card that's worth a $7/month fee (well, aside from high-end cards, like CSP, but that's different)...especially with a $250 CL, so I'd definitely agree with getting rid of First Premier! Especially now that you have much better cards.

Re: Capital One MTV visa approved! :)

-Cain- — Sat, 14 Apr 2012 02:15:44 GMT

jb123set, welcome to the forums!

Closing your 1st Premier will not make it fall off your credit reports. It should stay on for 10 years, so don't worry about that too much.

Re: Capital One MTV visa approved! :)

Anonymous — Sat, 14 Apr 2012 02:43:47 GMT

Congrats! I have that card. You should be in the credit steps program (you'll get a letter about it when your first statement cuts) and if you make your first 5 payments on time, they'll bump you up to $750

Re: Capital One MTV visa approved! :)

webhopper — Sat, 14 Apr 2012 02:45:10 GMT

Congrats on the new card!

Re: Capital One MTV visa approved! :)

oracles — Sat, 14 Apr 2012 05:49:36 GMT

Your close card will still report for 10 years so it will still count in AAOA, so dont worry, by then you will have better cards, congrats