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Frequent Contributor
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
Posts: 15,442
Registered: ‎04-09-2011
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Re: Cap 1 Account Upgrade

Nice!!

CONGRATS!!!



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Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
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Valued Contributor
Posts: 2,020
Registered: ‎06-16-2012
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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: (Chase x7) (Citi x6) (Amex x5) (BofA x3) (US Bank x4) (Barclays x4) (WF x3) (Cap1 x3) (Synch x3) (Penfed x2) ( Macys Amex) (Discover, Nasa ,Diners x1) PLOC: Citi (18k) WF (10k)
Community Leader
Senior Contributor
Posts: 26,861
Registered: ‎02-07-2013
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Re: Cap 1 Account Upgrade

That's great news congrats



+ Chase Ink =

Super Contributor
Posts: 5,999
Registered: ‎05-23-2009
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Re: Cap 1 Account Upgrade

Congrats!!!!

 

 

Ron.

Frequent Contributor
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
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. |
Super Contributor
Posts: 5,262
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
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


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Frequent Contributor
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
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