@Anonymous wrote:
Don't think that we don't see the Credit One in your profile.
ROFL
@Medic981 wrote:Just make sure you mark on several calendars your AF anniversary date and call before the fee is due next. That is what predatory credit lenders do, wait for you to miss your cancelation date and take advantage of people who have no other options.
Yea, having a 455 score was expensive. Part of my credit rebuilding journey have been extensive excel sheets detailing pretty much everything. I'm never paying them a(nother) dime.
@Anonymous wrote:
Don't think that we don't see the Credit One in your profile.
They're due for a phone call in October. I'll see if they counteroffer with a CLI and AF waiver and then debate whether or not it's worth tarnishing my MyFico signature for.
But this will remain hidden.
@Anonymous wrote:
Definitely cancel this card it’s so expensive! I currently have this card. I’m at 77% util overall with a 0 balance on this card, but I can’t close it until I get util to 8%. I’m tempted to call and cancel to see if they will at least waive the fees. You have a better deal than I do. I have a $12 fee per month with no balance. Smh 🤭
What's your SL on the card and what's your total limit across all accounts?
Unless it makes up a big percentage of your total limit, it's not going to make a big impact on your utilization. I wanted my util. below 30% when canceling, but I wasn't going to pay an annual fee on a card I don't need for a 2% difference in util. I would call to cancel, more than likely they will counteroffer with a fee waiver and a CLI. It's a win win. If you get your fees waived and a CLI, it'll help your utilization and you won't be throwing money away at them. If they don't counteroffer, you're better off with one less vulture circling around you.
My $0.02.
@Anonymous wrote:
@jayjayhawaii wrote:
@Anonymous wrote:
Definitely cancel this card it’s so expensive! I currently have this card. I’m at 77% util overall with a 0 balance on this card, but I can’t close it until I get util to 8%. I’m tempted to call and cancel to see if they will at least waive the fees. You have a better deal than I do. I have a $12 fee per month with no balance. Smh 🤭What's your SL on the card and what's your total limit across all accounts?
Unless it makes up a big percentage of your total limit, it's not going to make a big impact on your utilization. I wanted my util. below 30% when canceling, but I wasn't going to pay an annual fee on a card I don't need for a 2% difference in util. I would call to cancel, more than likely they will counteroffer with a fee waiver and a CLI. It's a win win. If you get your fees waived and a CLI, it'll help your utilization and you won't be throwing money away at them. If they don't counteroffer, you're better off with one less vulture circling around you.
My $0.02.
My starting limit was 500 and my limiti is 750 or 800 (I honestly can't remember). I'm going to call tomorrow, fingers crossed I can get a hold of someone to cancel, because you are absolutely right. My overall credit limits are about $20k and my utilization is 71%.
If your util is 71% on 20k that means you're carrying $14,200 in balances. So let's the say the FPB card is $800, that makes your total credit limit $19,200. You could cancel the FPB card and your util would be 74% - A difference of 3%.