I’ve had an Aspire Visa card for about 3 years now, and today, finally, I got a letter stating that they were discontinuing Aspire Visa. During my time with this awful credit card company, I’ve never made a late payment, and my limits were regularly increased.

I called to verify today that the entire Aspire program was being shut down (not just my card).

Here is the letter I received today:

NOTICE OF TERMINATION OF CARD PROGRAM

Dear _____________:
We must regretfully inform you that we are discontinuing your Aspire Visa Program. Consequently, we have closed your account to new transactions and may refuse to authorize any new transactions effective December 2, 2008. Further, effective immediately, your credit line is $x.xx.

Please note that even though your account will be closed to new transactions, you will remain obligated to pay us at least the minimum required payment on your existing balances and any new balances in a timely manner. If you have a balance, you will continue to receive monthly Aspire Visa billing statements.

Please tell your utility companies, Internet providers and other retailers or merchants to stpo any automatic charges to your account immediately. You will remain liable for any such charges that may be posted to your account. We apologize for any invoicince this may cause. If you have any questions, please call us at 1-800-820-3054. Thank you for your attention to this important matter.

Sincerely,
Aspire Visa