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I've had the HSBC Discover since June 2006 as a rebuilder ($300 CL). Seven years later, I still sit at $300, in spite of my credit score improving nearly 150-175 pts and all baddies but a 4 year old tax lien paid and removed. I requested an increase in May and was denied because I had a collection appearing. The collection has since been paid and removed. I waited for the Cap 1 merger to be finalized (I also have an Orchard Bank Gold Card) then contacted the HSBC EO on 7/25 to request my AF be waived and a $2500 CLI to match my average CL with my other CC. Well today I was notified that the AF would be waived but no CLI. This makes no sense. My DTI and utilization for all cards is < 5%. My credit, income and tenure on my job justifies way more than my current limits. If they had even given me paltry annual increases of $300/yr, it would be in the approximate range of my request. Has anyone else received a recent CLI from them? Should I cancel this card now that I have outgrown it, or maintain it for AAOA?
Eh. If you got the annual fee waived, you may was well just leave it in a sock drawer for 11 more months...it won't hurt you any.
I've had this card since 2009 and haven't received a CLI either...I think this one simply doesn't grow...
They can't seem to do too much with my former Orchard card, but worked wonders on my "regular" Capital Once accounts. With no annual fee, I'd keep it.
I contacted Cap 1 also regarding my Orchard Bank Gold card. I explained that I had CC's with MUCH higher limits, (e.g.., 11K Citi), I have no baddies, FICO around 760, have 3 of their cards (2 Direct Rewards, 1 Orchard) and I got absolutely no where. No CLI's. The CSR suggested I apply for a new Cap 1 card but I told him I would not take a HP and that was the end of it. I also "suggested" maybe Cap 1 should change their policy with people like me as a lot of their customers will be canceling their accounts. He said he would pass on the info...LOL.
@seat3a wrote:I also "suggested" maybe Cap 1 should change their policy with people like me as a lot of their customers will be canceling their accounts. He said he would pass on the info...LOL.
Now, Now, you better start watching your p`s & q`s when you start dissing Capital One like that on here. The Capital One defenders will start defending those practices as being "good for business". Afterall, Churn doesnt matter since it is cheaper to replace old customers with new ones that are signing up for the cards anyways isnt it?
@Cirnite wrote:I've had the HSBC Discover since June 2006 as a rebuilder ($300 CL). Seven years later, I still sit at $300, in spite of my credit score improving nearly 150-175 pts and all baddies but a 4 year old tax lien paid and removed. I requested an increase in May and was denied because I had a collection appearing. The collection has since been paid and removed. I waited for the Cap 1 merger to be finalized (I also have an Orchard Bank Gold Card) then contacted the HSBC EO on 7/25 to request my AF be waived and a $2500 CLI to match my average CL with my other CC. Well today I was notified that the AF would be waived but no CLI. This makes no sense. My DTI and utilization for all cards is < 5%. My credit, income and tenure on my job justifies way more than my current limits. If they had even given me paltry annual increases of $300/yr, it would be in the approximate range of my request. Has anyone else received a recent CLI from them? Should I cancel this card now that I have outgrown it, or maintain it for AAOA?
If you close, it won't affect your AAoA for ten years. The account will continue to report for 10 years and drop off. As to wether you keep or close, see if EO will be be willing to PC the card for you to venture or quicksilver along with a CLI. If all else fails, you have certainly improved enough to land something good.
What do you think will happen to this card? Will they convert them to regular capital one card, or just close them? I just didn't think Capital One did anything discover.
Thanks!