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Canceled Cap 1

May 9th, 2010 at 04:32 pm

First let me say;

"HAPPY MOTHERS DAY" to my mom and all mothers out there.

I canceled my cap 1 card today. No I'm not going without credit cards totally, just the annual fee finally got to me.

I called them up bright and early wanting to see if there was a way to convert my fee card to a no-fee card and it just wasn't possible. Or as they put it "there is an annual fee associated with this card, if you want to, you may apply for a different card".

7 years I have had this card, never late with a payment, never over my limit (never even close to the limit) and this is how they repay loyalty. May apply for a different card, Hurmph.

So now I am looking into other cards and would like some leads on websites that rate them. I googled it and really am not sure i trust the sites all that much. Oh and I have been reading the site that SA lists as well "the credit finder".

No annual fee is a must, rewards are secondary and balance transfers are almost a non-factor. As for Interest rate, I pay in full every month so I'm not real concerned with the rate.

4 Responses to “Canceled Cap 1”

  1. crazyliblady Says:

    Try a credit union. The often have better rates on loans and such.

  2. Ralph Says:

    I look forward very much to the day I cancel Capital One. They are easily the worst of all the biggies. I second the Credit Union recommendation.

  3. MonkeyMama Says:

    I got a credit union card to replace my Chase card when they piss me off. Big Grin I've just been waiting for them to drop my lucrative rewards - they have been phasing them out.

    I used to have a credit union card, but was sucked in to the big banks with all the great rewards most of the last decade. But as fees rise and rewards drop, definitely back to the CU for me.

  4. Jerry Says:

    I agree with MonkeyMama, the CUs are some of the only financial institutions that are still taking care of their customers these days, and I bet it will lead a lot of people their way! If you have any military veterans or members in your family, you can also consider USAA for no-fee services. We use them for banking and insurance and have been very pleased with their customer care as well.
    Jerry

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