When you call ( very soon ) to close the card, ask them to waive / reverse the annual fee, because you won't be using the card anymore. Since the AF are future based, intended to cover future months, they should reverse all the AF as they close the card.
Monthly fees, probably just easier to pay them.
Congrats on reaching the point where you can close some rebuilder cards. You are making progress.
Remember to keep an eye on the accounts to make sure trailing interest or fees aren't added to the new statement, even by accident. You'll be responsible for them until you prove otherwise.
@rchvmz wrote:
@Brian_Earl_Spilner wrote:Remember to keep an eye on the accounts to make sure trailing interest or fees aren't added to the new statement, even by accident. You'll be responsible for them until you prove otherwise.
Thanks. The two I have closed had 0 balances, and were not yet on new statement period---The Credit 1 had $9.00 in rewards accumulated, but no balance---Indigo was 0 balance and not yet on new statement period. I will keep an eye out though. When I log in to either thay both show 0 credit limit, so they are inactive. I paid the First Access MF, and will close that once the pymnt hits the account. Credit one tried to get me to stay--offered 200.00 more CL and waive fee...I closed it --indigo just said ok....
Great steps to close. @Brian_Earl_Spilner has excellent advice to keep tracking those for a while, say to after when their monthly statement would print. Better to be overly diligent than to miss $1 and have it go to a 30 day late. 
@NRB525 wrote:
@rchvmz wrote:
@Brian_Earl_Spilner wrote:Remember to keep an eye on the accounts to make sure trailing interest or fees aren't added to the new statement, even by accident. You'll be responsible for them until you prove otherwise.
Thanks. The two I have closed had 0 balances, and were not yet on new statement period---The Credit 1 had $9.00 in rewards accumulated, but no balance---Indigo was 0 balance and not yet on new statement period. I will keep an eye out though. When I log in to either thay both show 0 credit limit, so they are inactive. I paid the First Access MF, and will close that once the pymnt hits the account. Credit one tried to get me to stay--offered 200.00 more CL and waive fee...I closed it --indigo just said ok....
Great steps to close. @Brian_Earl_Spilner has excellent advice to keep tracking those for a while, say to after when their monthly statement would print. Better to be overly diligent than to miss $1 and have it go to a 30 day late.
Indeed. Its nice being where I can close these cards that no longer are useful. I learned a great deal with my BK experience, and with those lessons learned, I am a better equipped to be responsible. Good credit is a privilege I get to earn. On to 800's
@rchvmz wrote:Hello team,
I want to close some of the low CL, High APR, monthly and annual fee cards I got when I was new in the rebuilding stage and needed them. A few of them are at the point of showing I owe the AF and monthly fee on my next due date. If I call and close them while they are asking for me to pay the AF/MF---and its generated on my statement, will that show a balance due even if it gets closed? Should I pay the fees and THEN close them-----Im new so sorry for the stupid question.
First pay them off, adding any additional payments needed to cover interest or fees that might later be tacked on.
Then close them.
Don't trust anything the CSR tells you. Monitor them like a hawk to make sure they're done.
