NRA credit card First Bank of Omaha CANCELLED

Dave from Pa

Dave from Pa

SWCA Member, Absent Comrade
Joined
Apr 24, 2005
Messages
1,242
Reaction score
1,154
Location
SW Pa.
I’ve had an NRA credit card with First Bank of Omaha since 1994. I just read that they have severed their relationship with the NRA along with enterprise car rentals. I called the credit card company and after being on hold for 20 minutes due to an unusually high call volume I got an operator and asked her if this was true.She read a scripted response and I thanked her for the information as I canceled my card. I kept everything very civil and could tell by her voice I was not the first one she talked to today that canceled their card. I would encourage others if you have an NRA card to call them and do the same. There are a lot of companies out there with their hand out wanting to get your money shouldn’t be hard to find another credit card company.
 
Last edited:
Register to hide this ad
Thanks for the heads up. Mine expires in May, so I'll be looking for something different in the meantime. Any recommendations?

Regards,
Andy
 
Cancelling the NRA card is not the answer. The NRA will likely work with another bank to take over the card base, at which point your card would simply transition to the new bank.

If you cancel the existing card, you hurt the NRA, as they certainly have some sort of background economic agreement that is favorable to them. You also hurt your credit rating, as cancelling a card is a negative factor in most cases.
 
hoc9sw said:
Cancelling the NRA card is not the answer...If you cancel the existing card, you hurt the NRA...You also hurt your credit rating, as cancelling a card is a negative factor in most cases.
Click to expand...

If you owe no money on your credit card and you cancel it/close your account, it will not negatively affect your credit rating.
 
Watchdog said:
If you owe no money on your credit card and you cancel it/close your account, it will not negatively affect your credit rating.
Click to expand...

That is not correct. It reduces your available credit (used or not), and if you carry larger balances on the other cards, it impacts your rating under a calculation of utilization to limits. It is possible that it would not hurt, and in some rare cases (no credit card balance at all) might help. Too many open but unused accounts can hurt as well. But in general, you should be cautious of cancelling cards if you are in a situation where your FICO score will be looked at.

I worked with a financial services company the last few years - lots of classes on this sort of thing, whether I needed the info or not.
 
We are only seeing the tip of the iceberg as it rears up from the slimy deep.
There will be countless assaults against the National Rifle Association in coming days and weeks from many different quarters and many different ways.
That is why ANYONE who owns a firearm needs to join the NRA immediately.
There is a grave danger of you saying I wish I had joined if these forces get their way.

Think beyond firearm ownership and think about the Survival of this country as we know it !
 
Last edited:
Since 1996 for me. It's a shame how easily the "useful idiots" are stampeded. I'll move the account as soon as NRA hooks up with another bank. Joe
 
We should be receiving a list of companies that the NRA says we should send letters to and/or boycott soon via email or on their website. Their bottom line is money and hurting them in their wallets may just make them reconsider, I hope. The list keeps growing.
 
If you cancel your NRA card, simply open one with.a local credit union or bank. It'll likely be a wash as far as your credit score is concerned. What's more, you'll stimulate your local economy (where it really matters) and get better service and attention.

The goal is to not have to care what your credit (debt) score is.
 
Just cancelled my FNBO card that I've had since 1994. Guy on the line sounded like he was getting powerful tired of hearing NRA members quitting their service.
 
Watchdog said:
If you owe no money on your credit card and you cancel it/close your account, it will not negatively affect your credit rating.
Click to expand...
Yes it WILL. credit rating is determined by several things, one of which is your use of available credit. Quick example. You have three credit cards each with a 1000 limit. one has a zero balance and you are carrying a 250 balance on one and a 150 balance on the other. you are currently carrying a debt load of 13.33% of your total credit with one card at 25% and one card at 15%. marginal but OK. (that 25% on the one card hurts you). Cancel that card with no balance and your debt load goes to 20% with one card at 25%. you ain't getting a loan. Transfer $50 from the 250 balance to the $150 balance and you are at 20% with each card at 20% so you are maxed out as far as credit rating is concerned and are probably not gonna get a preferred rate on any future loan applications. With the first scenario with three cards, transfer $50 from each account to the to the zero balance. Same debt load but your credit rating will go up as all cards are below 20% with your total debt at th same 13.33%. You are golden. Trust me on this. I learned the hard way. I cancelled an unused card with a $50,000 limit and it D-I-N-G-E-D my credit BIG TIME :mad:
Make any sense???? Hell no! But it's their game so you got to learn and play by their rules. I now keep a few cards unused with no annual fees (they are old ones) just to have the unused credit reserve for my credit rating. I will NEVER cancel a no annual fee card again.
 
Last edited:
CAJUNLAWYER said:
Yes it WILL. credit rating is determined by several things, one of which is your use of available credit. Quick example. You have three credit cards each with a 1000 limit. one has a zero balance and you are carrying a 250 balance on one and a 150 balance on the other. you are currently carrying a debt load of 13.33% of your total credit with one card at 25% and one card at 15%. marginal but OK. (that 25% on the one card hurts you). Cancel that card with no balance and your debt load goes to 20% with one card at 25%. you ain't getting a loan. Transfer $50 from the 250 balance to the $150 balance and you are at 20% with each card at 20% so you are maxed out as far as credit rating is concerned and are probably not gonna get a preferred rate on any future loan applications. With the first scenario with three cards, transfer $50 from each account to the to the zero balance. Same debt load but your credit rating will go up as all cards are below 20% with your total debt at th same 13.33%. You are golden. Trust me on this. I learned the hard way. I cancelled an unused card with a $50,000 limit and it D-I-N-G-E-D my credit BIG TIME :mad:
Make any sense???? Hell no! But it's their game so you got to learn and play by their rules. I now keep a few cards unused with no annual fees (they are old ones) just to have the unused credit reserve for my credit rating. I will NEVER cancel a no annual fee card again.
Click to expand...
Don't borrow money and all of this is a moot point.
 
The best course of action would be to keep the card and keep around a $100 balance on it. This will cost you around $15 per year in interest. This will cost the bank a couple of hundred dollars a year to maintain your account and send you a statement/bill every month. Read all about it in my new book, "How To Mess With A Bank". Just kidding. No book yet.
 
You must log in or register to reply here.

Similar threads

LoboGunLeather
Again with the credit card fraud!
2
Replies
29
Views
914
wood714
wood714
DWalt
Your First Credit Card
2 3
Replies
50
Views
1K
DWalt
DWalt
DWalt
Credit Card Funnies
2 3
Replies
53
Views
1K
mtgianni
M
wood714
Credit Karma
Replies
8
Views
508
rbmac52
rbmac52
biku324
Credit Self Defense
2
Replies
21
Views
933
Jeff423
Jeff423

Latest posts

Back
Top