Cap1 Secured - New Policy

[Anonymous]

So, they dropped the secured deposits this weekend.

I had a $300 start CL. I logged in this morning, and without requesting, I now have a $600 CL. This card is 6 months old, good usage and always PIF.

Wondering if anyone else saw the same/similar?

I'll be combining this with my QS1 after closing on my house.

Thanks!

[Anonymous]

Mine still has the make a deposit link below total credit line amount. 

I really hope they do allow secured card account combos or at least PC 

[jacetx]

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@Anonymous wrote:

So, they dropped the secured deposits this weekend.

I had a $300 start CL. I logged in this morning, and without requesting, I now have a $600 CL. This card is 6 months old, good usage and always PIF.

Wondering if anyone else saw the same/similar?

I'll be combining this with my QS1 after closing on my house.

Thanks!

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Is your card a secured card? If so, unfortunately you can't combine secured/partner cards with unsecured cards.

[Anonymous]

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@jace8602 wrote:

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@Anonymous wrote:

So, they dropped the secured deposits this weekend.

I had a $300 start CL. I logged in this morning, and without requesting, I now have a $600 CL. This card is 6 months old, good usage and always PIF.

Wondering if anyone else saw the same/similar?

I'll be combining this with my QS1 after closing on my house.

Thanks!

---

Is your card a secured card? If so, unfortunately you can't combine secured/partner cards with unsecured cards.

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It is secured, however, according to CSRs, I will now be able to combine this card with a non-secured card. Both accounts/cards have to meet certain criteria (usage, length, etc), but they can be combined now.

Thanks!

[Anonymous]

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@Anonymous wrote:

Mine still has the make a deposit link below total credit line amount. 

I really hope they do allow secured card account combos or at least PC 

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According to CSRs, they will be allowing combos. I'm not sure about PC though. I'm also not sure if the deposit will be held, or refunded either. I do know you can combine though.

[jacetx]

I would call and verify that information. I just chatted with a CSR and this was their anwer.

[Anonymous]

Well worst case is they make no serious change to secured cards other then no more deposits, and in that case I will close the card on my next statement date so that in a few months I can get the QS1, the secured card has been stopping me from getting the subprime qs1 because I have 2 cards with cap one

[Anonymous]

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@jace8602 wrote:

I would call and verify that information. I just chatted with a CSR and this was their anwer.

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You should ask for a different rep.

http://ficoforums.myfico.com/t5/Credit-Cards/Future-Changes-to-the-Capital-One-Secured-Card/m-p/4394...

8th reply down.

Also, I had the conversation this morning with a CSR myself. I received an unsecure CLI, and he said I will be eligible for account combination in May. YMMV.

Thanks!

[jacetx]

We all know about the secured cards getting CLI's now with the new program. However secured cards combination never has been YMMV since they have never been able to be combined. I guess we will see what happens. It would be great for those with secured cards.

[Anonymous]

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@jace8602 wrote:

We all know about the secured cards getting CLI's now with the new program. However secured cards combination never has been YMMV since they have never been able to be combined. I guess we will see what happens. It would be great for those with secured cards.

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Yea. I agree. The reason I say YMMV is because I was tol this morning that I would be able to combine mine with my QS1. However, I called, and they said that they aren't eligible to be combined. I don't know what to believe. Guess we'll see in May.

Thanks!