Lol, if i cut Disco, id be the Pariah of myFico
No, that just wont do! Hulk Smashing is the only thing im good at in credit
No, that just wont do! Hulk Smashing is the only thing im good at in credit
@MyFault wrote:I know the consensus is to cancel Credit One ASAP, however i stupidly allowed this card to grow long enough to be my oldest CC on my file. So, i'm not ready to cancel it just yet. At least not until i have a 5 card base minimum without it. And my new cards age a little bit longer.
So, i'll be cancelling it soon. Probably in 6 months.
Since Credit One charges your AF monthly, that was my biggest complaint with the card. I've sock drawered it and have no plans to use it ever again, however i didn't want to deal with paying the stupid $8.25 every month. So, i called their retention department and they cancelled the AF for 3 months, plus they credited me $15 to cover the AF for this month, and some other charges they billed me this month that i paid the day they posted. The retention guy straight up told me to call in 3 months and they'll see what's available then, but he was hinting they'll extend the cancelled fee at that time also.
So, i'm keeping it open for now and i don't have to worry about their fee's for the next 3 months. Until i call again in November.
I think it's a win, for now. So I thought i'd share.
MyFault,
This is an attempt to ultimately maintain their revenue stream. You have OLTL, don't waste it!
@AverageJoesCredit wrote:
Lol, if i cut Disco, id be the Pariah of myFico
I was denied a CLI today. How do I join your club?
OP,
If I were in your shoes, and I had the scores and revolving credit lines listed in your signature, I would cancel Credit One as soon as physically possible. This is a standard Risk/Reward equation.
That being said, thank you for sharing the data points in the original post. For those who may need to retain a Credit One card, it could be valuable.
