Cap One Combo Worked Great!

[taxi818]

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@SouthJamaica wrote:

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@taxi818 wrote:

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@OmarGB9 wrote:
Grats! Although I thought I read somewhere that the combination counts as a CLI and it disqualifies you from another CLI for 6 months.

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No one said that. Others got. Li just a day before combo. Cap one got sure did not say that. 

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Here's what Cap One said:

"This card may be ineligible for a credit line increase for a period of time due to the change in credit line caused by this action"

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Meaning it could go either way. Goid I go. Sj

[SouthJamaica]

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@taxi818 wrote:

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@SouthJamaica wrote:

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@taxi818 wrote:

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@OmarGB9 wrote:
Grats! Although I thought I read somewhere that the combination counts as a CLI and it disqualifies you from another CLI for 6 months.

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No one said that. Others got. Li just a day before combo. Cap one got sure did not say that. 

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Here's what Cap One said:

"This card may be ineligible for a credit line increase for a period of time due to the change in credit line caused by this action"

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Meaning it could go either way. Goid I go. Sj

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My experience with Capital One has been that they have turned down my CLI requests when the last CLI was within 6 months, and granted them when the last CLI was 6 months old, so that warning had a very clear meaning to me; it meant "if you do this combo don't expect a CLI for 6 months"

[SouthJamaica]

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@UncleB wrote:

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@SouthJamaica wrote:

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@OmarGB9 wrote:
Grats! Although I thought I read somewhere that the combination counts as a CLI and it disqualifies you from another CLI for 6 months.

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In the terms and conditions it says that the combo counts as a credit limit increase for the retained card, and may delay further CLI's

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Does it tell you this before the actual 'merge' takes place, or after?  Since I don't have two cards that are eligible, all I can get to is the screen where it tells you what the conditions are to perform the merge, not about what happens after.

If this is true (and I have no reason to doubt you) this changes things a bit for me.  I might be better off simply getting CLIs on the existing accounts, vs. a single 'merged' account, especially if the merger counts as a CLI in itself.

Just my 2¢

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It tells you after you've set up the combo but before you finalize it.

So in your case, where you don't have 2 accounts eligible for the combo, you can't call it up on your screen.

Sorry, but I've quoted it accurately, I promise you; I just copied and pasted it.

It says exactly this in the disclosures:

"This card may be ineligible for a credit line increase for a period of time due to the change in credit line caused by this action"

 Yeah I was actually going to go ahead with combo, but when I decided to read the disclosures for a change, and saw that, I stopped myself. Because neither account has had a recent CLI. I've been thinking I should wait until both get CLI's and then go ahead with it. If they'd both had recent CLI's I wouldn't have cared.

[Anonymous]

I'm wondering if you can combine 3 into one at the same time, or if it's limited to one at a time and then wait again.  I will probably wait until October to get a CLI again before combining.

[black_citi]

Congrats! I have to wait a month or 2 before I can combine my 4k QS1 with my 4k QS visa.

[SOGGIE]

Way to go Sandi!

[kjel]

Oh yay! I just checked and the option to combine is back on my accounts. I zeroed out 2 of 3 cards a couple weeks ago hoping to get on the train but they suspended the option. Was going to do it today but it looks like I have a pending transaction on 1 of the 2 I want to close so I have to wait til it clears. Ironically it's my monthly MyFico charge!

[gdale6]

Further discussion is directed here  http://ficoforums.myfico.com/t5/Credit-Cards/Capital-One-Credit-Line-Consolidation-LINK-IS-BACK-UP/t...