topic Re: Credit One in Credit Cards

Credit One

KoolDev — Mon, 04 Nov 2013 15:14:22 GMT

Its goneeeeeeeeeeeeee. Called them and asked if they would waive the annual fee to keep my business. No sir we cannot waive the annual fee. Asked, what about the 52 cents you owe me ? Sir we can not right a check less than 5.00........ I laughed and said, ok, you need the 52 cents more than i do at this point.

finally got that little thing closed. Now my lowest card is 750 but had that one for almsot 3 years, dont want to lose the age.

Re: Credit One

coldnmn — Mon, 04 Nov 2013 15:22:10 GMT

Congrats !

Re: Credit One

yudeology101 — Mon, 04 Nov 2013 15:29:02 GMT

WTG!! I'm sooo relieved i got rid of mine months ago.

Re: Credit One

dallasjetfan — Mon, 04 Nov 2013 15:54:04 GMT

I doubt you should even care. You are better off not having them. Any hit you will recover quickly.

Re: Credit One

JSS3 — Mon, 04 Nov 2013 16:09:20 GMT

My sister called me this morning about a 1,500 credit card approval she received from them. She thought it was was Capital One(who she has two $500 credit cards with). I'm helping her to build credit and we both thought it was fishy that she was to respond to SayYestoc1B.com. When I googled the site, I saw it was actually credit one and promptly told her to shred that offer.

Re: Credit One

kroberts67 — Mon, 04 Nov 2013 16:39:38 GMT

After you close it you'll get that 52 cents by check in the mail at some point, or they must send to the state by law. lol

Re: Credit One

lithium78 — Mon, 04 Nov 2013 18:55:41 GMT

Congrats! It's such a good feeling to get rid of a bottom-of-the-barrel card like Credit One. You are moving on to bigger and better things. :-)

Re: Credit One

kkapdolee — Mon, 04 Nov 2013 19:45:59 GMT

Congrats!

At least Capital One does a little better than Credit One.

Cap 1 once wrote me a check for 90 cents of account credit I left on the card for a few months.

Re: Credit One

cbfan1 — Mon, 04 Nov 2013 20:29:11 GMT

Congrats - I closed my CreditOne a couple of weeks ago along with (2) First Premier cards.

Re: Credit One

SunriseEarth — Mon, 04 Nov 2013 22:47:28 GMT

@KoolDev wrote:
Its goneeeeeeeeeeeeee. Called them and asked if they would waive the annual fee to keep my business. No sir we cannot waive the annual fee. Asked, what about the 52 cents you owe me ? Sir we can not right a check less than 5.00........ I laughed and said, ok, you need the 52 cents more than i do at this point.

finally got that little thing closed. Now my lowest card is 750 but had that one for almsot 3 years, dont want to lose the age.

Congrats!

I got a 6 month waiver on my AF. All that's doing is allowing my to prioritize paying off higher interest cards for a while. But by mid-March, my Credit One will be paid off and closed.

Re: Credit One

TiggerDat — Tue, 05 Nov 2013 00:04:18 GMT

Congrats. I have to laugh every time I get an offer in the mail from them. Their marketing is flawed if they think I would take their high AF card with a low credit limit when I already have three accounts in the Premier Category. I chuckled when I looked at my credit report and saw 3 'Flexible Spending Accounts' listed. I only thought 2 of them were of that status. Oddly, the Amex, from Amex, is not one of them! The Amex from FNBO is the third one, which I also find funny since the limit is not that high. It is half the limit of of the lower of the two other.

You're not missing much by being rid of the Credit One card. The AF is not worth it! They are a bank with only one level of products. You would think at some point hey would simply keep the business and the revenue by offering an upgrade to a better product. They could easily establish guidelines for it and test it out, but they seem very happy with their business plan. I once made the mistake of getting a First Premier card, then I thought twice about it and closed it pretty quickly. It still reports positively on my credit report all these years later. Your closed account will be there reporting nicely for many years, so at least you have that. It might not age as open, but it will still report for many years.

Re: Credit One

JonStur — Tue, 05 Nov 2013 00:15:22 GMT

Way to go!!!

Re: Credit One

myjourney — Tue, 05 Nov 2013 00:29:08 GMT

Congarts

Re: Credit One

KoolDev — Tue, 05 Nov 2013 01:37:04 GMT

I got home this afternoon and in the mail i received a First premeir PLATINUM offer and the annual fee was only $175 ! i did laugh out loud and proudly threw it in file 13. I have learned one thing. The past two months i have moved my score from 630 to 693. I had a lot inquires from Chase, NCFU and where i wanted to get a travel trailer earlier than that. Well that has bitten me on my shot on a line of credit at the CU. Only got 2500 out of the 5 i wanted so i have the loan officer going to call the underwriters tomorrow to make sure they understand its for a refinance. Once i get that done and refi the car in a couple of weeks when my score breaks 700, I am on easy street for at least a year Man, gettin your stuff right is a headache but OH so full filling....

Thanks to all of you

Re: Credit One

Anonymous — Tue, 05 Nov 2013 02:49:05 GMT

Congrats!

Gonna happen for me in the next few months. I wanted to raise my CL on some of my others before giving them (and Matrix) the boot though.

Re: Credit One

myjourney — Tue, 05 Nov 2013 02:53:43 GMT

@KoolDev wrote:
I got home this afternoon and in the mail i received a First premeir PLATINUM offer and the annual fee was only $175 ! i did laugh out loud and proudly threw it in file 13. I have learned one thing. The past two months i have moved my score from 630 to 693. I had a lot inquires from Chase, NCFU and where i wanted to get a travel trailer earlier than that. Well that has bitten me on my shot on a line of credit at the CU. Only got 2500 out of the 5 i wanted so i have the loan officer going to call the underwriters tomorrow to make sure they understand its for a refinance. Once i get that done and refi the car in a couple of weeks when my score breaks 700, I am on easy street for at least a year Man, gettin your stuff right is a headache but OH so full filling....

Thanks to all of you

Well said and so try

Re: Credit One

madnutz — Tue, 05 Nov 2013 03:19:17 GMT

I need to read the closing your card thread, I have a bunch of credit cards with annual fees listed and I need to close them out, I have

Matrix

merrick bank

credit one

first premier

first savings

LOL, I was desperate to get any credit card back in the day to start establishing it, now I have a barclay card, chase freedom and two others with a credit union all with 0 annual fee, I'm scared to close them though, probably what I will do is close the once I have recently opened.