topic Closing a Card - DUMP IT ?? in General Credit Topics

Closing a Card - DUMP IT ??

MM1234 — Fri, 22 Jun 2007 15:42:36 GMT

I know its been asked ......but just checking one more time. I have a card I dont use, has a Zero Balance, HIGH APR, $5500 CL and an $39 Annual Fee. If I close it will it hurt me?

My UTIL is now Zero so I dont need the CL for my overall Util Ratio and its a newer card about 2yrs old. All my other Cards have much higher limits and no fees so I just want this on out of my life.

DUMP IT ??

Re: Closing a Card - DUMP IT ??

MidnightVoice — Fri, 22 Jun 2007 15:46:45 GMT

How old is it? And how many open cards do you have and how old?

Re: Closing a Card - DUMP IT ??

Anonymous — Fri, 22 Jun 2007 15:51:19 GMT

That's tough, yeah how old is it. It's the whole paying money each year on a card you don't use and you have better cards.

Also how many total cards do you have?

Re: Closing a Card - DUMP IT ??

Anonymous — Fri, 22 Jun 2007 15:55:38 GMT

I'd call and ask them to drop the AF and lower the APR first. At least that way you have some leverage if you do decide to close it and they start their haggling with you to keep it open.

Re: Closing a Card - DUMP IT ??

MM1234 — Fri, 22 Jun 2007 18:11:26 GMT

Its only 2 yrs old. I called in the past and tried to get it down and they said they cant do that. Also - I cannot covert it to a new card. Its not a Prime card either.

I can call and waive the fee but then I have to remember to do that every year so I figured its time to close.

I have a total of 7 Cards including this one and 4 are prime and older.

Thanks !!

Message Edited by MM1234 on 06-22-2007 11:11 AM

Re: Closing a Card - DUMP IT ??

Anonymous — Fri, 22 Jun 2007 18:24:30 GMT

Dump city!!!!!!!!!!

Re: Closing a Card - DUMP IT ??

MM1234 — Fri, 22 Jun 2007 20:19:09 GMT

Ha!! Well I just called to close it and they said "Noooooo!". Ha!! Well not quite but they did transfer me over to a Manager and....a new card with NO Annual Fee.

So from the last time I called to now they must have changed their ways. I wonder if others were calling in and closing accounts too. So they wised up.

They didnt lower the APR but said I can call back in 2 months and see. I wont be using the card but its nice not to have to close it.

Maybe this info will help someone!

Re: Closing a Card - DUMP IT ??

Anonymous — Fri, 22 Jun 2007 20:21:32 GMT

Good for you!!!!!!!!!!!!!!!!

Re: Closing a Card - DUMP IT ??

Tuscani — Fri, 22 Jun 2007 21:24:22 GMT

Awesome!

Re: Closing a Card - DUMP IT ??

Anonymous — Fri, 22 Jun 2007 23:14:50 GMT

@MM1234 wrote:
Ha!! Well I just called to close it and they said "Noooooo!". Ha!! Well not quite but they did transfer me over to a Manager and....a new card with NO Annual Fee.

So from the last time I called to now they must have changed their ways. I wonder if others were calling in and closing accounts too. So they wised up.

They didnt lower the APR but said I can call back in 2 months and see. I wont be using the card but its nice not to have to close it.

Maybe this info will help someone!

Great. See if they have or can carry over the original start date (age if card) of the other card you converted for this one.

Re: Closing a Card - DUMP IT ??

Anonymous — Fri, 22 Jun 2007 23:59:09 GMT

Who's the CCC? For the annual fee, calling 'em each year and asking will sometimes get the annual fee waived that year. Just came 'em back the next year and do the same thing.

Re: Closing a Card - DUMP IT ??

MM1234 — Sat, 23 Jun 2007 04:14:27 GMT

ilovepizza - Good point. I'll have to see if the restarted the Card Date to todays date. They didnt have to pull my report again so that was good.

They did say it would be a GOLD card now....not the Platinum. OOOOOOooo. I dont really care about the color. Im just glad I didnt have to close the card! Ha !!

Re: Closing a Card - DUMP IT ??

MM1234 — Sat, 23 Jun 2007 04:21:06 GMT

Noah_Bodie - it was my Air Tran Visa that is owned by Juniper/Barkleys. I did like the card cause I used Air Tran alot when possible so we'll see.

Oh - i did do that last year to get the fee waived and I was thinking I could have again. But Im so forgetful and with E-Statments its easy to forget to check it if you usually dont carry a balance. But im glad it worked out.

Re: Closing a Card - DUMP IT ??

Anonymous — Sat, 23 Jun 2007 05:33:52 GMT

MM1234 wrote:
Noah_Bodie - it was my Air Tran Visa that is owned by Juniper/Barkleys. I did like the card cause I used Air Tran alot when possible so we'll see.

Oh - i did do that last year to get the fee waived and I was thinking I could have again. But Im so forgetful and with E-Statments its easy to forget to check it if you usually dont carry a balance. But im glad it worked out.

Have you talked to customer service to see whether you can upgrade the card to another Barclays partner card--one with no annual fee?

https://www.barclaycardus.com/app/ccsite/affiliates/prtnrCoBrandDynamic.jsp

Re: Closing a Card - DUMP IT ??

Anonymous — Sat, 23 Jun 2007 05:36:50 GMT

The platinum has no annual fee.

https://www.barclaycardus.com/app/japply/lp/20290.jsp?campaignid=0000776&obadloc=004&obchannel=005

Re: Closing a Card - DUMP IT ??

MM1234 — Sun, 24 Jun 2007 17:03:39 GMT

Hey thanks !! Thats a good link. Maybe thats what she DID do. The One on the left looks like the one I had.....so maybe she did update me to a Platimum cuz I see that has no fee. I kinda lost interest in the conversation with her once she said my APR would be the same but she did mention the word GOLD and PLAT ...Still, with no AF Im happy!