Started closing some accounts!!

[Anonymous]

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@datrucking210 wrote:

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@Anonymous wrote:

Congrats on closing the ugly cards...on a side note.......

That Raiders Barclay card looks sweeeeeeeeeeeeeeeeeeeeeeeeeeeeet!!!

I want the card just for that alone, screw the NFL points..

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Yeah I still have the chip less card. I asked them when would I get the chip card and they told me they're in the process of shipping them out soon.

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I just got an eMail from them today that the chip card is on the way for my NFL. No notice yet for Sallie Mae.

[SunriseEarth]

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@datrucking210 wrote:

Due to my recent success with NFCU I decided to close some accounts.

Started with Credit One, I opened it last year in August. I got the better one of their cards with the 19.9% interest and $45 annual fee, the no grace period was the killer. Was opened with a $500 limit and when I got the card it was up'd to $650. Just two months ago it was increased to $900. I rarely used it though. I called and rep persuaded me to keep it open since I had pay the annual fee, dumb I know. I told him this card had served it's purpose and it was time to let it go. Even offered me a $25 credit to stay I thanked him but said no thanks. Account was closed.

Just right now I got off with Merrick Bank to close this account. Card was opened also in August of last year after receiving a mailer. $700 sl and it would double in 7 months High interest at 25.45% with $48 monthly fee that would be billed monthly after the first year. I thought I would see another increase but nothing so I decided to call. Rep just asked why I was closing the account and I just told him the annual fee and the high interest. Rep didn't even offer anything to me to keep it open so I went ahead and closed it.

So that's it I don't have anymore cards with annual fees. Next is probably the Victoria secret card.

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Odd enough, the cards I've closed since BK have been CreditOne, Merrick, and Victoria's Secret.   You must have read up on me.  

[Espresso]

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@datrucking210 wrote:

Due to my recent success with NFCU I decided to close some accounts.

Started with Credit One, I opened it last year in August. I got the better one of their cards with the 19.9% interest and $45 annual fee, the no grace period was the killer. Was opened with a $500 limit and when I got the card it was up'd to $650. Just two months ago it was increased to $900. I rarely used it though. I called and rep persuaded me to keep it open since I had pay the annual fee, dumb I know. I told him this card had served it's purpose and it was time to let it go. Even offered me a $25 credit to stay I thanked him but said no thanks. Account was closed.

Just right now I got off with Merrick Bank to close this account. Card was opened also in August of last year after receiving a mailer. $700 sl and it would double in 7 months High interest at 25.45% with $48 monthly fee that would be billed monthly after the first year. I thought I would see another increase but nothing so I decided to call. Rep just asked why I was closing the account and I just told him the annual fee and the high interest. Rep didn't even offer anything to me to keep it open so I went ahead and closed it.

So that's it I don't have anymore cards with annual fees. Next is probably the Victoria secret card.

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I can't wait to close my CO and Merrick cards. Congrats!

[klarso11]

I closed 2 Credit One accounts today. Also combined 2 Capital One cards into 1 account. At this time I have 1 department store card and 1 Visa that do not give cash back. Credit One is good for rebuilding or just starting out.

[bigpoppa09]

Did your scores drop from closing the card?

[Anonymous]

Congrats on closing Credit One & Merrick Bank credit cards!!! Merrick Bank does not offer incentives to retain customers. I also called their corporate office to try and get the monthly fee waived and APR reduced. It was a no go. They are happy in the sub-prime market. Unfortunately, there will always be people that fall into this category.

[klarso11]

Closing 3 cards had little if any effect on credit. Barclays just added an auto $1300 cli tonight.

[NRB525]

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@bigpoppa09 wrote:
Did your scores drop from closing the card?

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Score would not drop from closing the card.

Bank account would jump due to no more outrageous fees.

[NRB525]

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@datrucking210 wrote:

Started with Credit One, I opened it last year in August. I got the better one of their cards with the 19.9% interest and $45 annual fee, the no grace period was the killer.

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Congratulations on the closings!

I had to chuckle at this one. I guess even the Worst situation has a Less Worse situation available