Reply
Frequent Contributor
Hammer23
Posts: 428
Registered: ‎01-21-2012
0

Cap 1 Account Upgrade

[ Edited ]

So I've had a steps rebuilder card with cap one for 2 years now. We all know the story no rewards, no cli, no PC.

 

My ann fee hit so I called in and told the rep I was going to cancel. Offered to check to see if they could upgrade me to a prime card and said he would need a current copy of my credit report. I said ok and provided my info. Rep stated they were closing my Platinum steps card and opening me a new Capital One Cash Rewards Prime card with no annual fee and a $5,000.00 limit. 0% Int. through 4/2014 then 20.9% after that. $100 cashback bonus if I spend $500 in the first 3 months.

 

Asked if this would report as my old tradeline and he informed me it would show as a new account and I will have a new card number. That part stinks, but at least I replaced a $1500 limit with no rewards and a $39 ann fee with a $5000 limit, 1.5% cash back, and $0 ann fee.

 

 

WF Home Projects Visa $8500 / Towpath CU Visa $7000 / Chase Freedom Visa $5500 / Cap 1 QS Visa Sig $5000 / Barclaycard Ring MC $5000 / GE Lowes $5000 / Citi Best Buy MC $4250 / Barclaycard Rewards Visa $4000 / BFG CU Visa $3500 / Citi Sears$3000 / WF Visa $2000 / GE Walmart $1900 / GE Care Credit $1900 / GE Amazon $1400 / Cap 1 Kohls $1000 / GE Old Navy $800 / Webbank Fingerhut $700
Mega Contributor
LS2982
Posts: 15,436
Registered: ‎04-09-2011
0

Re: Cap 1 Account Upgrade

Nice!!

CONGRATS!!!



Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Valued Contributor
dodgerslv
Posts: 1,841
Registered: ‎06-16-2012
0

Re: Cap 1 Account Upgrade


Hammer23 wrote:

So I've had a steps rebuilder card with cap one for 2 years now. We all know the story no rewards, no cli, no PC.

 

My ann fee hit so I called in and told the rep I was going to cancel. Offered to check to see if they could upgrade me to a prime card and said he would need a current copy of my credit report. I said ok and provided my info. Rep stated they were closing my Platinum steps card and opening me a new Capital One Cash Rewards Prime card with no annual fee and a $5,000.00 limit. 0% interest through 4/2014 then 20.9% after that. $100 cashback bonus if I spend $500 in the first 3 months.

 

Asked if this would report as my old tradeline and he informed me it would show as a new account and I will have a new card number. That part stinks, but at least I replaced a $1500 limit with no rewards and a $39 ann fee with a $5000 limit, 1.5% cash back, and $0 ann fee.

 

 


thats awesome and Congrats!!!!  Even if it was a HP it was well worth it IMO!


Cards: (Citi- 82.7k) (Chase- 65k)) (US Bank- 18k) (Amex- 22.5k) (Barclays-40k) (BofA- 68k) (Cap1- 49.5K) (WF- 11k) (Penfed- 22.5k) (Discover- 8k) (Sync/GE- 15.7k) (NASA- 30k) (Diners- 15k)
Fico 08 scores (8/27/14) EX: 772 TU: 767 EQ: 778 (Utilization at 8% right now).





Community Leader
Senior Contributor
myjourney
Posts: 26,659
Registered: ‎02-07-2013
0

Re: Cap 1 Account Upgrade

That's great news congrats

"Intelligence plus character--that is the goal of true education"
Last 5 apps 6/13


Super Contributor
Ron1
Posts: 5,470
Registered: ‎05-23-2009
0

Re: Cap 1 Account Upgrade

Congrats!!!!

 

 

Ron.

Frequent Contributor
Hammer23
Posts: 428
Registered: ‎01-21-2012
0

Re: Cap 1 Account Upgrade

Thanks everyone for the compliment. I never expected them to do an "Excellent" credit card for me. It states no BK on the website, but I had one discharged  4 years ago (that included Cap 1). I am happy with the approval. Discover still doesn't like me and AMEX is out until the BK falls off the report. 

 

I would like to get a 5% card (like IT / Freedom / Dividend) but Discover doen't like me, I have a newer (under12 mo) Chase Slate, and I don't think Citi is very BK friendly either. 

WF Home Projects Visa $8500 / Towpath CU Visa $7000 / Chase Freedom Visa $5500 / Cap 1 QS Visa Sig $5000 / Barclaycard Ring MC $5000 / GE Lowes $5000 / Citi Best Buy MC $4250 / Barclaycard Rewards Visa $4000 / BFG CU Visa $3500 / Citi Sears$3000 / WF Visa $2000 / GE Walmart $1900 / GE Care Credit $1900 / GE Amazon $1400 / Cap 1 Kohls $1000 / GE Old Navy $800 / Webbank Fingerhut $700
Established Contributor
ObeyJohnny12
Posts: 591
Registered: ‎05-05-2012
0

Re: Cap 1 Account Upgrade

Congrats! Nice new cl!
Gardening Since: March 4, 2013.
In My Wallet: Chase: Freedom Visa Signature | Sapphire Preferred World Mastercard. |
Senior Contributor
jsucool76
Posts: 3,827
Registered: ‎12-11-2011
0

Re: Cap 1 Account Upgrade

Sounds like all the rep did was process an application for you, but nonetheless you were approved, so...

CONGRATS!
;
Regular Contributor
sonson
Posts: 241
Registered: ‎12-04-2009
0

Re: Cap 1 Account Upgrade

Congrats! Awesome you were able to get a better card with benefits!


Starting Score: EQ 548 [ Feb 2010 ]
Current Score: TU 663 EQ 686
Goal Score: 700


Take the FICO Fitness Challenge







Frequent Contributor
Hammer23
Posts: 428
Registered: ‎01-21-2012
0

Re: Cap 1 Account Upgrade

I am guessig that is exactly what he did... It is my first Signature card, i'm kinda pumped about that though.

WF Home Projects Visa $8500 / Towpath CU Visa $7000 / Chase Freedom Visa $5500 / Cap 1 QS Visa Sig $5000 / Barclaycard Ring MC $5000 / GE Lowes $5000 / Citi Best Buy MC $4250 / Barclaycard Rewards Visa $4000 / BFG CU Visa $3500 / Citi Sears$3000 / WF Visa $2000 / GE Walmart $1900 / GE Care Credit $1900 / GE Amazon $1400 / Cap 1 Kohls $1000 / GE Old Navy $800 / Webbank Fingerhut $700

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}