thegameksk wrote:Hi. I have a capital one card. Ive had it since I was 18 and I am now 30. They charge me a $5.00 monthly membership fee. This is a card I dont use and has a low limit. I asked them to either upgrade the card to a no fee card or waive the fee. They refused both. Now I want to close it. How much of a hit would I take on my score? Should I close it?
thegameksk wrote:Now I want to close it. How much of a hit would I take on my score? Should I close it?
MemberSince99 wrote:I've just gotta ask because curious minds want to know - has it EVER, as in EVER in the 12 years you've had it, given you a CLI? My guess is since you said it has a "low limit" no, but I'm curious.
I would make sure I had a better replacement, and as soon as I did, that card would be gone. Trust me they will be happy to see you close it, they were always thrilled to close the cards I had with them - I'd call and tell them to close and 5 seconds later "It is now closed thank you very much sir please destroy all copies of the card and cancel recurring charges on it, have a nice day!". None of this sissy trying to persuade me to leave it open, or even asking why I was closing it, nope just get er done! I would have thought they got a bonus for people closing cards they seemed so happy to do it, protecting themselves from the potential liability of 500 bucks. You will make their day as well as yours by closing that thing.