topic Re: I CLOSED my Credit One Visa!!! :-D in Credit Cards

I CLOSED my Credit One Visa!!! :-D

MissMoni223 — Thu, 17 Jul 2014 13:16:29 GMT

GOOD Thursday Morning to my fellow FICO Forums members!!!

I've had my Credit One Visa since September 2013 and this morning I received the dreaded email notifying me of an upcoming AF of $99. The card has a $400 CL with a 23.9% interest rate, so I decided to "Let It Go"! Just got off the phone with a customer service rep and he verified that my account balance is $0 and I requested a letter stating the same and the date that I closed the account. He asked why I wanted to close and I stated that the interest rate was high and I don't like having an AF on credit cards. He offered to lower my interest rate for 6 months, but didn't state what the new rate would be and did NOT offer to do anything about the AF. Therefore, I said go ahead and close the account. This was the very 1st time I closed a credit card account and I feel absolutely GREAT!!! As you can see in my signature, I have BETTER bank credit cards and Credit One is not needed and my total available credit is now $16,000 even. My credit journey is looking better with time and I'm looking forward to growing the cards I have.

Re: I CLOSED my Credit One Visa!!! :-D

Closingracer99 — Thu, 17 Jul 2014 13:19:58 GMT

@MissMoni223 wrote:
GOOD Thursday Morning to my fellow FICO Forums members!!!

I've had my Credit One Visa since September 2013 and this morning I received the dreaded email notifying me of an upcoming AF of $99. The card has a $400 CL with a 23.9% interest rate, so I decided to "Let It Go"! Just got off the phone with a customer service rep and he verified that my account balance is $0 and I requested a letter stating the same and the date that I closed the account. He asked why I wanted to close and I stated that the interest rate was high and I don't like having an AF on credit cards. He offered to lower my interest rate for 6 months, but didn't state what the new rate would be and did NOT offer to do anything about the AF. Therefore, I said go ahead and close the account. This was the very 1st time I closed a credit card account and I feel absolutely GREAT!!! As you can see in my signature, I have BETTER bank credit cards and Credit One is not needed and my total available credit is now $16,000 even. My credit journey is looking better with time and I'm looking forward to growing the cards I have.

Congrats

Re: I CLOSED my Credit One Visa!!! :-D

coldnmn — Thu, 17 Jul 2014 13:31:48 GMT

Congrats! Thanks for sharing.

Re: I CLOSED my Credit One Visa!!! :-D

MT936 — Thu, 17 Jul 2014 13:44:47 GMT

Congrats!

Re: I CLOSED my Credit One Visa!!! :-D

Florida1990 — Thu, 17 Jul 2014 13:51:37 GMT

Congrats it is always good to let go a credit card builder with ridiculous fees and rates.

Re: I CLOSED my Credit One Visa!!! :-D

MissMoni223 — Thu, 17 Jul 2014 14:03:36 GMT

@Florida1990 wrote:
Congrats it is always good to let go a credit card builder with ridiculous fees and rates.

My sentiments EXACTLY!!! I was just waiting my time out and the AF notification was my Exit que!!!

Re: I CLOSED my Credit One Visa!!! :-D

GlocksAndCredit — Thu, 17 Jul 2014 14:53:37 GMT

Congrats!! (Although my eyes hurt after reading that font..lol)

Re: I CLOSED my Credit One Visa!!! :-D

tattooedhusker — Thu, 17 Jul 2014 16:56:31 GMT

Congrats! It's a wonderful feeling!

Re: I CLOSED my Credit One Visa!!! :-D

Anonymous — Thu, 17 Jul 2014 17:16:39 GMT

Congrats! I too just closed my credit one bank card yesterday and my feeling is mutual....great feeling to know that you are moving on up in your credit journey and you're finally in a position to not have to take just any old crappy card anymore just to get a credit history....its great isn't it! Way to go...happy for ya!

Re: I CLOSED my Credit One Visa!!! :-D

MissMoni223 — Thu, 17 Jul 2014 17:18:43 GMT

@Anonymous wrote:
Congrats! I too just closed my credit one bank card yesterday and my feeling is mutual....great feeling to know that you are moving on up in your credit journey and you're finally in a position to not have to take just any old crappy card anymore just to get a credit history....its great isn't it! Way to go...happy for ya!

THANKS, I totally agree! BTW, I absolutley LOVE your screen name, which is definitely great to have in terms of credit!!!

Re: I CLOSED my Credit One Visa!!! :-D

scarzy — Thu, 17 Jul 2014 18:01:15 GMT

Congrats! I never had a CreditOne card, but they are SOBs for charging those fees!

Re: I CLOSED my Credit One Visa!!! :-D

MissMoni223 — Thu, 17 Jul 2014 18:40:33 GMT

@scarzy wrote:
Congrats! I never had a CreditOne card, but they are SOBs for charging those fees!

Thanks and while I appreciate them granting me a card when others wouldn't, when you know better you do better and I'm definitely doing better without them!

Re: I CLOSED my Credit One Visa!!! :-D

Anonymous — Fri, 18 Jul 2014 01:29:31 GMT

@MissMoni223 wrote:
@Anonymous wrote:
Congrats! I too just closed my credit one bank card yesterday and my feeling is mutual....great feeling to know that you are moving on up in your credit journey and you're finally in a position to not have to take just any old crappy card anymore just to get a credit history....its great isn't it! Way to go...happy for ya!
THANKS, I totally agree! BTW, I absolutley LOVE your screen name, which is definitely great to have in terms of credit!!!

Thank you I try to have that mentality in all my day to day life and especially my credit lol