topic Re: Credit One in Credit Cards

Credit One

NiNoMArksLA — Sun, 25 Aug 2013 02:26:50 GMT

Hello I ha a credit one account for 7 months and I don't wanna pay fee's any more so would it be mad to close it out and I will had money to my bofa secured card I know it's a hp but I think it's worth from $300 to $1,500 limt will show better so by adding money to my bofa and closing credit one will it Effect My AAOA

Re: Credit One

NiNoMArksLA — Sun, 25 Aug 2013 02:27:37 GMT

Sorry useing IPhone Dam AutoCorrect

Re: Credit One

Burned2manybridgesB4 — Sun, 25 Aug 2013 02:36:29 GMT

On phone. Quick reply...won't affect aaoa (stays up to 10 yrs from closure), but will affect utilization.

Re: Credit One

myjourney — Sun, 25 Aug 2013 07:18:02 GMT

@NiNoMArksLA wrote:
Hello I ha a credit one account for 7 months and I don't wanna pay fee's any more so would it be mad to close it out and I will had money to my bofa secured card I know it's a hp but I think it's worth from $300 to $1,500 limt will show better so by adding money to my bofa and closing credit one will it Effect My AAOA

How much is on the credit one card? If you're just closing it down and moving the same amount of money to the other card it won't even effect UTL or AAoA

Re: Credit One

azguy13 — Sun, 25 Aug 2013 07:28:13 GMT

@myjourney wrote:
@NiNoMArksLA wrote:
Hello I ha a credit one account for 7 months and I don't wanna pay fee's any more so would it be mad to close it out and I will had money to my bofa secured card I know it's a hp but I think it's worth from $300 to $1,500 limt will show better so by adding money to my bofa and closing credit one will it Effect My AAOA
How much is on the credit one card? If you're just closing it down and moving the same amount of money to the other card it won't even effect UTL or AAoA

MJ is correct. Plus, once you have the $1,500 secured limit for awhile you may be able to get into the Cap1 unsecured card and work your way up from there.

Re: Credit One

NiNoMArksLA — Sun, 25 Aug 2013 08:02:01 GMT

Both of my capital one cards r unsecured all ready I have mc quicksilver with $750 and mc $300 and I was thinking of closing credit one cause fees r really high and my bofa limt is $300 wanted to make it $1500 limt
My credit one limt is $300 only

Re: Credit One

Irisa — Sun, 25 Aug 2013 08:15:17 GMT

@NiNoMArksLA wrote:
Both of my capital one cards r unsecured all ready I have mc quicksilver with $750 and mc $300 and I was thinking of closing credit one cause fees r really high and my bofa limt is $300 wanted to make it $1500 limt
My credit one limt is $300 only

I think it sounds like a good plan.

Re: Credit One

azguy13 — Sun, 25 Aug 2013 08:38:05 GMT

@NiNoMArksLA wrote:
Both of my capital one cards r unsecured all ready I have mc quicksilver with $750 and mc $300 and I was thinking of closing credit one cause fees r really high and my bofa limt is $300 wanted to make it $1500 limt
My credit one limt is $300 only

My bad. I would be frustrated if I were paying multiple fees for a card when I had unsecured cards already. I would definetly go for the CLI on the other secured and close Credit One.

Re: Credit One

Dubious — Sun, 25 Aug 2013 10:10:42 GMT

It sounds like you've outgrown Credit One already. I would go ahead and close.

Re: Credit One

lithium78 — Mon, 26 Aug 2013 01:14:37 GMT

Get rid of the Credit One card as fast as possible. They are a bottom-of-the-barrel card and they rip you off with their ridiculous fees. They are a waste of money.

Re: Credit One

djc1puno — Mon, 26 Aug 2013 02:07:59 GMT

@lithium78 wrote:
Get rid of the Credit One card as fast as possible. They are a bottom-of-the-barrel card and they rip you off with their ridiculous fees. They are a waste of money.

lithium...they aren't as bad as FP...lmao...i don't think anyone (actually mabe matrix) takes the cake on that one...anyhow, yes, i agree...close your creditone ask for cli (if you can from capone EO). gl!

Re: Credit One

SunriseEarth — Mon, 26 Aug 2013 02:20:14 GMT

My #1 credit card goal is to pay off and close my Credit One. I have my highest limit with them ($950) of any account, but the fees are just crazy.

Yeah, +1 for "Close It"

Re: Credit One

NiNoMArksLA — Mon, 26 Aug 2013 05:18:36 GMT

If I add money to my bofa do I gotta wait 9 months again? It's gonna be 2 HP 1 to add funds And 1 to unsecured it

Re: Credit One

djc1puno — Mon, 26 Aug 2013 05:21:56 GMT

@NiNoMArksLA wrote:
If I add money to my bofa do I gotta wait 9 months again? It's gonna be 2 HP 1 to add funds And 1 to unsecured it

how long have you had your bofa?

Re: Credit One

NiNoMArksLA — Mon, 26 Aug 2013 05:27:53 GMT

Since Feb 2012 problem was I missed 1 payment 2 months ago and gotta but only past due for 1 day I forgot to pay it

Re: Credit One

djc1puno — Mon, 26 Aug 2013 08:02:06 GMT

i would go ahead and raise your limit higher if you're able to deposit more...now i'm not sure it the "timer" will reset again, but since you are well above the one year mark from opening, they could still graduate it soon...although that miss payment won't look favorable...have you tried contacting bofa to see if they can forgive you for that one miss payment?

Re: Credit One

Burned2manybridgesB4 — Mon, 26 Aug 2013 13:13:11 GMT

@myjourney wrote:
@NiNoMArksLA wrote:
Hello I ha a credit one account for 7 months and I don't wanna pay fee's any more so would it be mad to close it out and I will had money to my bofa secured card I know it's a hp but I think it's worth from $300 to $1,500 limt will show better so by adding money to my bofa and closing credit one will it Effect My AAOA
How much is on the credit one card? If you're just closing it down and moving the same amount of money to the other card it won't even effect UTL or AAoA

I'm late to the "reply" party.

The reason I said it would affect utilization was based on the info from the leading OP paragraph, as two cards were mentioned (makes it easier on you, OP, since you have other TLs mentioned later in thread). If the rapist card was closed, prior to the HP/CLI deposit, there might have been a chance that the closure would report first (as a TL closure is typically associated with a bad occurance, and CRAs just love to make sure that hits very fast), while the HP, and balance to be transferred would've falled on the other $300 card, until the new limit reports...up to two billing statements later...get my drift?