cancel
Showing results for 
Search instead for 
Did you mean: 

Cap 1 Account Upgrade

Highlighted
Frequent Contributor

Cap 1 Account Upgrade

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
Message 1 of 13
12 REPLIES
Mega Contributor

Re: Cap 1 Account Upgrade

Nice!!

CONGRATS!!!



EQ FICO 548 3/3/16
Message 2 of 13
Valued Contributor

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!

gardening since 5/21/2016
Message 3 of 13
Super Contributor

Re: Cap 1 Account Upgrade

That's great news congrats

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 4 of 13
Super Contributor

Re: Cap 1 Account Upgrade

Congrats!!!!

 

 

Ron.

Message 5 of 13
Frequent Contributor

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
Message 6 of 13
Established Contributor

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. |
Message 7 of 13
Super Contributor

Re: Cap 1 Account Upgrade

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

CONGRATS!
Message 8 of 13
Regular Contributor

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







Message 9 of 13
Frequent Contributor

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
Message 10 of 13