Do Not Want to Pay Credit Card Fee

Guest: Joinarnold
Post subject: Do Not Want to Pay Credit Card Fee
Posted: Wed Jan 17, 2007 8:15 pm

I'm curious about something.

If you have a card that you don't use anymore...or want to get rid of because the card is about to ding you for the yearly fee...do you cancel your card?

I've read here that canceling cards isn't good. But what if you don't want to keep paying the yearly fee?

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Guest: mouse
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Wed Jan 17, 2007 8:20 pm

Joinarnold wrote:
I'm curious about something.

If you have a card that you don't use anymore...or want to get rid of because the card is about to ding you for the yearly fee...do you cancel your card?

I've read here that canceling cards isn't good. But what if you don't want to keep paying the yearly fee?

You can ask for a waiver of the fee or trade for a NO FEE CARD

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Guest: TomfromCT
Credit Expert (100+ Posts)
Posted: Wed Jan 17, 2007 8:45 pm

mouse wrote:
Joinarnold wrote:
I'm curious about something.

If you have a card that you don't use anymore...or want to get rid of because the card is about to ding you for the yearly fee...do you cancel your card?

I've read here that canceling cards isn't good. But what if you don't want to keep paying the yearly fee?

You can ask for a waiver of the fee or trade for a NO FEE CARD


The thing with closing it is how it affects your average age of accounts and FICO score. Now, that is not unimportant, but I would not pay an annual fee for it. After all.....FICO scoring is not paying the fee or anyof your other bills.

Ask for the change like Mouse suggests.

If the answer is no....call back and cancel. You may find that once you are on the phone with them to cancel that that is when they break down and grant your request.

Good luck.


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