Hey guys I have one of the "Best" sub-prime cards of all: First National Bank of Marin card with a whopping $400 CL. I've had it since 8/02 and I was wondering what you guys think I should do with it. My oldest card of credit would be my Best Buy card that I opened in 5/02. Should I close the embarrasing card and get back my $300 security deposit? Thanks credit gurus! I have 2 other Credit cards that have higher CL's.
Call them and see if you can get your deposit back. I did this with Orchard. I paid on time and was never over the limit . On a year to the day I called and asked for it back, and they sent me a check. $500 was a big deal for me back then. I still have the card, over 5 years now. I have gotten the limit up to $2600. $20 annual fee. 14.6% VAR. I am not going to close it, that would make Providian my oldest card. YUCK.
