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@MyFault wrote:
@rostrow416 wrote:It was just one of those things I never got around to. For some reason I hate closing cards unless they bother me. I didn't really have a bad experience with Credit One. I haven't even used the card in more than a year and a half. If not for the annual fee I would just keep them sock drawered forever. But I already marked 12 months on my calendar, so unless they can cancel the fee again next year, I'll get rid of them then.
Be prepared to cancel it.
I had Credit One at one time also. They cancelled the fee for 6 months when i called to cancel it the first time, and during that time i sock drawered the card also. When the time was up, i called to cancel, and they didn't even try to keep me or offer an extension. When i asked before they cancelled it, they said no. So, i closed it.
Thanks, I'm totally prepared for it, I won't miss the card at all, but since it's something I won't have to think about until next year, I'm going to just let be. It works because I'll be gardening until then anyway.
@rostrow416 wrote:We all know Credit One - they're one of those lenders that goes after people with bad credit. Got the card 4 years ago when I was near rock bottom credit-wise. A couple CLIs later and I've been at $1100 for a long time. Finally remembered to call and cancel (should have moved on a long time ago - I never use the card and just pay the AF monthly).
Got offered a $100 CLI and cancellation of the annual fee for 12 months. Embarrassed to say I accepted, but I guess I was a little sentimental since it was the first card I got on my rebuild. At least it won't cost anything sitting in the sock drawer and I get an Ex 2 monthly.
First off CONGRATULATIONS!!!!!
Thank you so much for sharing your story.
BTW that is about an 8% increase
on your credit limit @rostrow416 :-)
Not bad at all in my book.
Enjoy your success,
Cheers
WooHoo
Congrats on the increase! Looking forward to getting rid of mine in Nov before the fee is due.
Starting FICO 8s | 06/2018: EX 601 ✦ EQ 605 ✦ TU 590













