Credit Cards

[texaspete2012]

Coming up on my two year anniversary with Cap 1 secured plat mastercard. I Started with putting in 200, then I added 50, they added 100 unsecured at the 6 month anniversary, then nothing till I put in another 50 around 7-8 months ago. I asked before for a CLI around 4 or 5 months ago, and was told that they would not since it had not been 6 months since my last CLI (that was the 50 I put in).  I thought it was odd since I was the one who increased my CLI via a deposit. My issue is that its my oldest card, and I don't want to cancel it unless I have no options for a CLI or PC. I am about to hit the $39 AF, and clearly don't want to pay that unless they do something about my limit or a PC. Any advice? 

My account has a zero balance, and $400 limit. 

[shakalaka]

CapOne will not grow with you, esp. the secured one. They are good to start you off (again), but that´s it. Close it, according to you sig you have no need for it anymore.

I closed mine also ...

[texaspete2012]

I am leaning more that way, but its going to kill my AAOA.

[armbenderc]

It still reports for 10 years if you close it.

[texaspete2012]

So if they wont CLI me or PC me, I can close with no hit to me AAOA, and hence scores other than utl %?

[nicholasyud]

Closed account stay on your report for 10 years after the last day you s closed your account......so buddie you be fine......you had somniece card on your profile ........so just closed it up before your account hit its anniversiry and avoid that $39.....

[shakalaka]

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nicholasyud wrote:

Closed account stay on your report for 10 years after the last day you s closed your account......so buddie you be fine......you had somniece card on your profile ........so just closed it up before your account hit its anniversiry and avoid that $39.....

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+1

No fear, just close it. You do not need that card anymore.

[SevenNEW]

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shakalaka wrote:

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nicholasyud wrote:

Closed account stay on your report for 10 years after the last day you s closed your account......so buddie you be fine......you had somniece card on your profile ........so just closed it up before your account hit its anniversiry and avoid that $39.....

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+1

No fear, just close it. You do not need that card anymore.

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+2

I am still holding on to my Cap1, but that's just because it has no AF. I would close it in a second if it did, and as other people have observed you have outgrown it. It will protect your AAoA for 9 years, and  after that you won't really need it.

[Wolf3]

They expect you to apply for an unsecured card with them.   I suggest you use their prequalifier and if you like any of those, apply for it.   You are highly likely to get it and I found the seucred card history helps with CL.    You can still hang on to the secured card, if you are worried about your AAoA 10 years from now.