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Old 02-18-2010, 10:36 AM
 
6,764 posts, read 19,953,202 times
Reputation: 4695

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I refuse to PAY NOT to use my card.
A certain bank was going to charge me $60 a year because I don't have any balance on my card!

I told the guy I have had this card since 1988, and it is a joke to expect me to pay 'for the privilege' of keeping a credit card.

So, now I am down to one card. I don't care. I hard charge anything, anyhow.

Anyone else canceling cards lately?
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Old 02-18-2010, 12:24 PM
 
Location: The Circle City. Sometimes NE of Bagdad.
19,129 posts, read 19,976,119 times
Reputation: 49626
Canceling could affect your credit rating.

Canceling a credit card can impact your credit score
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Old 02-18-2010, 01:06 PM
 
6,764 posts, read 19,953,202 times
Reputation: 4695
Yes, I heard that, but my credit is excellent and I will not pay for a card I hardly ever use.
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Old 02-18-2010, 03:09 PM
 
285 posts, read 718,919 times
Reputation: 117
I just got the same from C*bank after having them for 20 something years.

good bye, totally not paying that
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Old 02-20-2010, 11:18 AM
 
2,283 posts, read 4,796,735 times
Reputation: 1720
Quote:
Originally Posted by 5kidsmama View Post
I just got the same from C*bank after having them for 20 something years.

good bye, totally not paying that
I agree. Which bank? If you prefer, please PM me with the name so I can be prepared.
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Old 02-20-2010, 01:10 PM
 
15,240 posts, read 20,185,903 times
Reputation: 21631
I just got the same from C*bank after having them for 20 something years.



What's wrong with saying the name...my similar problem was with Chase.
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Old 02-21-2010, 06:50 PM
 
Location: North Adams, MA
746 posts, read 3,205,679 times
Reputation: 807
I actually paid off all my credit cards over the past few years and now only use a couple of debit ones, with Visa and MasterCard imprints.

The industry wants you to be in fear of a lower credit rating, but truth be told, it is totally in cahoots with the banks that profit from them. You are unlikely to be denied credit because you do not have enough credit cards. Besides, all you really need in life is a mortgage, and if you pay that and all other bills on time, what's to worry?

Congratulations for not accepting the new surcharge like a Patsy. I just changed banks to a local one because of some slick fees my large bank was about to institute. Just say no to the money lenders who do not offer you a fair deal.

Shop locally. Bank locally. Keep your money in your own community.
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Old 02-23-2010, 09:18 AM
 
6,764 posts, read 19,953,202 times
Reputation: 4695
It was Citibank.
They suck.
I don't care. It's my right as a consumer to say what I want.

It was a diamond preferred card I barely used but it would have been NICE to keep it. I can't afford to pay $60 a year (I am currently out of work) for some card I do not use often.

I had the card since 1988. The guy on the phone barely spoke coherent English (he was Hispanic). I was not nasty or blaming. I said, is there a place I can lodge a complaint?

He said, "Ma'am, I have had over 1,000 people cancel cards lately."

Funny how people get 'rewards' for charging a bunch of stuff but we who pay quickly or never charge get 'shafted.'
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Old 02-25-2010, 05:15 AM
 
Location: Bon Temps
1,743 posts, read 4,073,188 times
Reputation: 1832
Yes I got a letter not long ago about one of those cards, I promptly called and canceled the card. It was the weekend before Presidents Day. I have yet to receive my confirmation letter. I may need to call back. I found it insulting, they are like, since we have you here on the phone, would you like to apply for a no fee credit card. I politely declined.
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Old 02-25-2010, 07:18 AM
 
Location: Charlotte. Or Detroit.
1,455 posts, read 3,689,102 times
Reputation: 3269
I'm not sure how I'll handle this when it comes up. I have two credit cards. I guess I'll cancel the first one to charge an annual fee. I expect that both of them will sooner or later, as that seems to be the way credit card companies are responding to the governments new laws. I won't cancel them both, because I like the convenience of using a card for online purchases and such.
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