My rates haven't gone up, yet. But I did get a letter from Citi saying they were closing my old AT&T Universal Card account because I never use it. I stopped using it when Citi bought out the card and the service started sucking.Originally Posted by nfpgasmask
Most of me says, "Screw them. I don't need them anyway." However, it does mean that my longest-history card is going to go away, AND the total amount of my credit will be going down. This will probably impact my FICO score a little.
I have a couple of other accounts in the same situation... My Fleet card got bought out by BofA. I've got a GMAC card from a medical financing I did. I expect to get love letters from them eventually.
The one that's going to kill me is when my current favorite card raises my rates because I pay off the balance every month. Until then, though, they are my favorite, and I recommend them. (link)
I keep getting more and more frustrated that I'm doing everything 'right', and I'm still getting screwed. How ironic would it be if my credit score went screaming down because I'm a reliable borrower??
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