First Access visa shredded!

[jayjayhawaii]

Just called to close my First Access visa card, a relic remaining from my 500 credit score days.

$350 ($50 manual CLI after 6 mo) 

$48 AF - After $89 processing fee and $75 activation fee.

29.99% APR

3 minute hold time, account closed within 2 minutes. They didn't try to counter with CLI and AF waiver.

My soul feels a little brighter. Credit One next.

[19eighty5]

I bet that did feel good to move on from this card. Congratulations!

[Medic981]

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@jayjayhawaii wrote:

Just called to close my First Access visa card, a relic remaining from my 500 credit score days.

$350 ($50 manual CLI after 6 mo) 

$48 AF - After $89 processing fee and $75 activation fee.

29.99% APR

3 minute hold time, account closed within 2 minutes. They didn't try to counter with CLI and AF waiver.

My soul feels a little brighter. Credit One next.

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Good for you! Time to move on to bigger and better things!

[MrDFinance]

What the ?... Those are some creative fees .. A fee to request a credit increase lol .... What if your denied? Lol ...

I remember I received a mailer and it had 150 dollar "account setup" fee... 49 dollars a year after that and 12.50 a monthly fee.... Straight predators...

[Anonymous]

CONGRATULATIONS! 

[jayjayhawaii]

The fees on these cards are ridiculous. But I can't really blame these vultures. They gotta make money somehow to stay afloat. When their target market is unsecured and super subprime.. You have to make up for the insane risk somewhere.

I was grateful for the unsecured line of credit when no one else would give me a dime.

Use, abuse, chop, trash.

In hindsight, should have stayed away and just stuck to Disco and Cap One secured cards.

[The-Credit-Disciple]

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@jayjayhawaii wrote:

Just called to close my First Access visa card, a relic remaining from my 500 credit score days.

$350 ($50 manual CLI after 6 mo) 

$48 AF - After $89 processing fee and $75 activation fee.

29.99% APR

3 minute hold time, account closed within 2 minutes. They didn't try to counter with CLI and AF waiver.

My soul feels a little brighter. Credit One next.

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Amen to that!!! :0 I will be closing my Total Visa very soon, once the Payment I just made Post

[Anonymous]

Hi I have one of those too that is paid off and I want to close as well. However I have read that when we close a CC we hurt our score. I am interested in FICO not credit Karma, did you see a drop in score once it reported the card closed? If so how much did it drop? 

 I am curiois, and how long did you have it before you closed it?

[Anonymous]

The max increase they give is $50 thats the bottom line, they are horrible in every way!