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Credit One Close Story

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Brickbybrick
Regular Contributor

Credit One Close Story

So I just got off the call with Credit One to close it. She informed me that she was looking out for me and that I should keep my account open for a year and would credit me back money as well. Is she right, did I make a mistake closing the account prior to a year?
5/27/17 Experian: 679 Equifax: 628 TransUnion: 630
Cap1 QS:600 Credit One: 600 Merrick Bank: 550 Amex: 500 JCrew: 250
Message 1 of 21
20 REPLIES 20
AverageJoesCredit
Legendary Contributor

Re: Credit One Close Story

No, remember its their job to keep their hooks in you if at all possible. They will tell you how itll affect your credit if you leave if you do this this or that. Dont pay it any mind. If youve moved on to better cards that arent as predatory or you are getting into prime territory , relax and enjoy, always good to get that monkey off your back lolSmiley Wink
Message 2 of 21
Anonymous
Not applicable

Re: Credit One Close Story


@Brickbybrick wrote:
So I just got off the call with Credit One to close it. She informed me that she was looking out for me and that I should keep my account open for a year and would credit me back money as well. Is she right, did I make a mistake closing the account prior to a year?

Can you provide more info? What will be credited back? 

 

Unless you are getting back the whole AF and $50 extra, it's worthless to keep this...

Message 3 of 21
Brickbybrick
Regular Contributor

Re: Credit One Close Story

Shes just returning some express payment fee totalling to $48, but she said since its under a year it will look bad to others looking at my report and hurt my chances on getting a loan.

5/27/17 Experian: 679 Equifax: 628 TransUnion: 630
Cap1 QS:600 Credit One: 600 Merrick Bank: 550 Amex: 500 JCrew: 250
Message 4 of 21
Anonymous
Not applicable

Re: Credit One Close Story

That's bs. Closing a card will not impact your score or chances of getting a credit. If you don't mind answering, what's your current score and total limit ?
Message 5 of 21
Brickbybrick
Regular Contributor

Re: Credit One Close Story

I'm a 650-677 totalling to:
Chase $2500
Merrick $1100
Capital One QS $600
AMEX ED $500
JCrew $250
$4950
5/27/17 Experian: 679 Equifax: 628 TransUnion: 630
Cap1 QS:600 Credit One: 600 Merrick Bank: 550 Amex: 500 JCrew: 250
Message 6 of 21
Brickbybrick
Regular Contributor

Re: Credit One Close Story

I'm a rebuilder Smiley Happy
5/27/17 Experian: 679 Equifax: 628 TransUnion: 630
Cap1 QS:600 Credit One: 600 Merrick Bank: 550 Amex: 500 JCrew: 250
Message 7 of 21
DaveInAZ
Senior Contributor

Re: Credit One Close Story


@Brickbybrick wrote:
I'm a rebuilder Smiley Happy

Yes, but with those cards - especially Chase & Amex - and scores you don't need Credit One. Amex, Chase & Capital One will grow for you. All Credit One will do is fee you to death. Don't listen to what their reps tell you, their #1 job is to keep you as a customer and keep those fees rolling in.Credit One is the Payday Loan lender in the credit card biz.

Message 8 of 21
AverageJoesCredit
Legendary Contributor

Re: Credit One Close Story

You're so past Credit Two, your Cap One is gonna school em hard on how to name your card properSmiley Wink
Message 9 of 21
Anonymous
Not applicable

Re: Credit One Close Story

I had a similar situation in March when I called to cancel.  She offered to give me back all the interest I paid since i opened the card it was like 40 bucks. Wasn't interested the card is garbage.  She must have asked 5 different ways that I should keep the card open.  Finally she was really pissing me off I asked her if she was born deaf because she hasen't listented to a word i said she then finally closed the account.  They will do whatever they can to convince you to keep the card open.  

Message 10 of 21
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