Wednesday, September 24, 2014

I am a Sucka

I called my credit card today to close it down aaaand that did not happen.

I have an airline mile credit card that I have had since I graduated college. I got suckered into it because it gave me a free flight to anywhere within the continental USA! The annual fee started at $85 and now I am paying $95. It has been a 'great' card throughout the years like I never have to pay for luggage flying this airline and I actually have flown them multiple times.

Now that I got enough points again to get a flight for FREE (and used it for the Florida trip!) I don't have any use for this card anymore. It had a 23.99% APR - what the heck! The $95 annual fee doesn't look great either.

So I called and tried to close the account - obvi they asked why I wanted to close and that they have promotions right now that I might be interested in. I was stuck in traffic so why not listen to it.... They all sounded great - the APR will be lowered to 9.9%+Prime (13% something total APR) and the $95 fee last January will be reimbursed. Then the customer service told me something about gaining airline points if I purchase something from the card within 6mo. but I kinda blocked that off already.

I want the $95 back that I paid and will be closing the account once that gets posted. I specifically asked the representative about this and she said that's the way to go.

So I am a sucka for $95, but at least its $95 more into the budget... yay!!!!
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14 comments:

  1. AnonymousSeptember 24, 2014 at 7:48 PM

    $95 is $95... I would have done the same!

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    1. UnknownSeptember 26, 2014 at 9:54 AM

      yep! just need to close it down before the fee comes up. thanks for dropping in

      Delete
  2. MorgaineSeptember 25, 2014 at 7:40 AM

    I think you did a smart thing, $95 is nothing to sneeze at and you are still closing the card :)

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  3. KK@ Student Debt SurvivorSeptember 25, 2014 at 4:46 PM

    Makes sense to me. I have a British Airways card that I'll be closing this January to avoid another years' fee. I'm hoping when I call they will reimburse or take away the fee so I keep using it for the airline miles. If not I'll be closing it.

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    1. UnknownSeptember 26, 2014 at 9:55 AM

      yes, definitely call and see if they have any promotions. you might be able to lower the apr as well. good luck! I hope you get that annual fee back :)

      Delete
  4. Melissa @ Sunburnt SaverSeptember 25, 2014 at 7:01 PM

    Hey, I would have done the same thing! And 2 free flights?! That's not bad at all!

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    1. UnknownSeptember 26, 2014 at 9:56 AM

      yeah thats true! The card just gets me in trouble though the longer i hang on to it. thanks for dropping by melissa =)

      Delete
  5. Kate @ NonstopfromJFKSeptember 26, 2014 at 9:58 AM

    That sounds like a totally reasonable decision to me! I don't think you're a sucka for doing that :) They are un-doing the things that you didn't like about the card, so why not keep it to get your money back if they lowered the APR.

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    1. UnknownSeptember 26, 2014 at 2:42 PM

      Yep! I just need to keep a reminder to close this out. This card has gotten me in a lot of trouble.

      Thanks for dropping by Kate :)

      Delete
  6. Nichole FSeptember 26, 2014 at 10:33 AM

    Sounds like you have your first $95 for your Christmas fund! Congrats!

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    1. UnknownSeptember 26, 2014 at 2:42 PM

      Great idea. I think thats where i'll start =) thanks for dropping in

      Delete
  7. Ashley @ Saving Money in your TwentiesSeptember 26, 2014 at 11:03 AM

    haha, that's a brilliant way to do it! good for you getting your $95 :)

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    1. UnknownSeptember 26, 2014 at 2:43 PM

      haha i didnt even think they would give me offers... but yeah it actually feels nice that they did all that =) thanks for dropping by Ashley

      Delete

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