topic Re: Closing First Premier in Credit Cards

Closing First Premier

ihatemyscore — Tue, 22 Jan 2013 04:54:13 GMT

Hey Peeps,

Question! I have just paid First Premier infull and I am thinking about canceling it because of the fees.. I am not sure though, does FP charge monthly fees if at 0 Balance? I think they have a servcing fee. But anyways, I have my Cap 1 Secure, Cap 1 Cash Rewards and Orchard and some other tradelines. Two jewlers Kays and Weisfield and a fingerhut account that will be reporting so I don't think I need the FP anymore..

I am also about to put down 2500 for my cap 1 secure so in 2014 when I app for a discover and walmart I get a nice limit... In 2014 im gonna see what I can do with the cash rewards. I am in credit steps and it will go to 750 after 5 statements..

What is the best way to close this account, I don't want to close it and they hit me with a monthly fee and the card closes with a balance!!

Re: Closing First Premier

beb86 — Tue, 22 Jan 2013 05:06:29 GMT

Not sure what the terms are but if the are charging a monthly AF or maintenance fee or whatever they call it when you have a balance you can be sure you will still be charged when you are sitting on a $0 balance.

Re: Closing First Premier

ihatemyscore — Tue, 22 Jan 2013 05:23:58 GMT

So, I do I close the card correctly?

Re: Closing First Premier

beb86 — Tue, 22 Jan 2013 05:35:48 GMT

@ihatemyscore wrote:
So, I do I close the card correctly?

I would close the card and work on your other cards that have more favorable terms...

Re: Closing First Premier

ihatemyscore — Tue, 22 Jan 2013 06:59:02 GMT

But if I want to close FP then how would I cose it with 0 balance. I will PIF but I hope they do not do somethin shady and add a monthly charge or put closed @ grantors request.

Re: Closing First Premier

beb86 — Tue, 22 Jan 2013 07:09:20 GMT

confirm it has a $0 balance close it and call the next day to confirm that it has been closed with a $0 balance....next month call back and make sure it is still closed with a $0 balance...its a lot of work but you never know with FP

Re: Closing First Premier

ihatemyscore — Tue, 22 Jan 2013 15:42:00 GMT

See this is what scares me, because I have been working very hard for the last 8 months!