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Regular Contributor
Posts: 216
Registered: ‎07-20-2011
0

Capital One Platinum Ceiling

After having the Capital One Platinum card since 2007, I couldnt understand why they made no offers for to upgrade to a rewards card. I called them today and spoke to an account specialist. She was very kind and straight forward. Since my card is considered a credit builder, I've taken it as far as I can and I will not receive additional CLI's, nor can I product change. She reviewed my account and suggested that I apply for a Venture card. My intial CL was $500 and now it's $4,500.

I have another Capital One "credit builder" that I opened last year with a $1250 CL, Amex Green (07/11 but backdated 07/91), & Citi Aadvantage Gold Visa Signature(07/11). I'm going to keep the 2007 Cap 1 card since it has aged but I want my final card before I relax in the Garden to be a rewards card. any suggestions?

Current myFICO Scores:03/08/12 EQ: 801 • TU: 801 • Bank of America TU FICO: 822 • Credit Karma Vantage: 873

My Wallet: Amex Business Platinum | Amex SPG (5k) | Amex Delta Reserve (33k) | Citi ThankYou Premier World MasterCard (26k) | Chase Mileage Club Visa Signature (15k)
Sock Drawer: Barclay Ring MasterCard (10k) | Discover More (6.5k) | CapitalOne VentureOne (4.5k) | Macy's | Amex Platinum Personal
Valued Member
Posts: 48
Registered: ‎06-29-2011
0

Re: Capital One Platinum Ceiling

Nice 4,500 CL for CapOne on a rebuilder card.  Mine stucked at 1,500 with no CLI, no PC and they can't waive my AF per Account Specialist.  I just have to leave it open since I need the TL.


Starting Score: EQ 606, TU 631
Current Score: EQ 658, TU 674, EX 713 (AMEX pull)
Goal Score: 700


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Senior Contributor
Posts: 3,197
Registered: ‎01-24-2010
0

Re: Capital One Platinum Ceiling

IMO, Capital One Venture would be a good choice.

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Valued Contributor
Posts: 1,126
Registered: ‎03-25-2008
0

Re: Capital One Platinum Ceiling

What type of rewards are you looking for? Capital one venture has a 1.25 percent reward rate and lots of flexibility but some other cards will return up to 2 percent on airline tickets or cash into aninvestment account.

Established Contributor
Posts: 634
Registered: ‎07-07-2011
0

Re: Capital One Platinum Ceiling

I say go for either the Chase Freedom or the BofA Cash Rewards. I love the way the Chase Freedom lets you get 5% cash back each quarter. Those catagories are really useful like right now it's gasoline. It caps at 1500 per quarter but that's $75 cash back every 3 months plus you still get 1% after you've reached the 1500 cap. BofA cash rewards are 1% everything 2% groceries and 3% gasoline. The 2 and 3% catagories are considered bonus and have a cap of 1500 each quarter but 1% for everything past that. Two really great cards. I have both. The APR is high but I PIF and it works out great.

Current Scores: EX - 728 FICO (5/11/13) TU - 771 FICO (7/02/13) EQ ??

Current Cards: Chase Freedom $5,000, CSP $5,700, BofA Visa Signature $15,000, AMEX BCE $6,000, Walmart $4,150, Gap Visa $10,000, JC Penny $5,800, Lowes $8,500, Dillard's AMEX $8,000, AMEX Hilton HHonors - $2,000, Chase United $12,000, Citi AAdvantage & Simplicity $6,000/$6,000, SPG AMEX $1,000
Valued Contributor
Posts: 1,993
Registered: ‎04-07-2009
0

Re: Capital One Platinum Ceiling

If you converted to Venture card you would have two cards accumulating miles the other being Citi AAadvantage. I would only have one of that type. I would look into the Captial One Cash rewards or Captial One Cash credit card  The second one slightly better than the first one.

Equifax My FICO score 815 5/28/2012, 818 on 7/28/2014 . Average of Accounts 12 years and no Installment accounts. MyFICO TU 810 6/26/2012 809 4/21/2013 MyFICO XPN -805. 2/26/2014 Discover TU FICO 813 App free since 9/2011
Regular Contributor
Posts: 216
Registered: ‎07-20-2011
0

Re: Capital One Platinum Ceiling

Since my card is considered a credit builder, they will not allow me to convert to a Venture card. They said that I have to apply for a new card.


Current myFICO Scores:03/08/12 EQ: 801 • TU: 801 • Bank of America TU FICO: 822 • Credit Karma Vantage: 873

My Wallet: Amex Business Platinum | Amex SPG (5k) | Amex Delta Reserve (33k) | Citi ThankYou Premier World MasterCard (26k) | Chase Mileage Club Visa Signature (15k)
Sock Drawer: Barclay Ring MasterCard (10k) | Discover More (6.5k) | CapitalOne VentureOne (4.5k) | Macy's | Amex Platinum Personal
Frequent Contributor
Posts: 445
Registered: ‎10-23-2010
0

Re: Capital One Platinum Ceiling


TheBronxBomber wrote:

Since my card is considered a credit builder, they will not allow me to convert to a Venture card. They said that I have to apply for a new card.


I still think this is a YMMV. 

 

I have seen folks say they were able to upgrade from their Plat "Builder Card" to Venture.

 

From reading, it looks like its a 5 to 6 year history that is needed,

 

Sometimes I think analysts just say whatever to get you off the phone. The only thing they know, is it says on their screen that your account is not eligible at the current time.

Scores: EQ (FICO) - 730 | EX (FICO) - 722 | TU (FICO) - 713 - 06/25/2014



US Airways MC (5 K) | US Airways World MC (10 K) | Chase United Airlines Sig VISA (5K) | BOA Rewards Sig Visa (10K) Citi Dividend Plat MC (5.6K) | Discover Miles (6.6K) | AMEX BCE (7 K) | AMEX Plat Delta (11 K) | BOA PLAT (7.5K)


Established Contributor
Posts: 994
Registered: ‎07-16-2010
0

Re: Capital One Platinum Ceiling

yeah i mean really i think capital one COULD do whatever the heck they wanted, including convert any card to any card...its a matter of getting them to do it though...

 

at the same time i believe that these reps dont sit there on a computer taking phone calls all day and dealing with this kind of stuff constantly without knowing every little in, out and trick in how to get things done even if they dont let on they do, or say they cant because the computer screen doesnt say they can...

 

even if they "cant" themselves, they know who to send you to who can approve it...its just a matter of getting one who is nice/helpful/likes your voice/having a good day/etc....

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Regular Contributor
Posts: 216
Registered: ‎07-20-2011
0

Re: Capital One Platinum Ceiling

I called Capital One and the guy notified me that in some cases they have PC a credit builder card into Venture but It's not available for me yet. I decided that I no long want to apply for a Venture card. I'm going to occasionally use my Cap 1 card. My AMEX Green & Citi AAvantage Platinum World Master card will stay in my wallet. I cancelled my other Cap 1 card. It wasnt a year old and the CL was $750. No need to pay the AF if I'm not going to use it.


Current myFICO Scores:03/08/12 EQ: 801 • TU: 801 • Bank of America TU FICO: 822 • Credit Karma Vantage: 873

My Wallet: Amex Business Platinum | Amex SPG (5k) | Amex Delta Reserve (33k) | Citi ThankYou Premier World MasterCard (26k) | Chase Mileage Club Visa Signature (15k)
Sock Drawer: Barclay Ring MasterCard (10k) | Discover More (6.5k) | CapitalOne VentureOne (4.5k) | Macy's | Amex Platinum Personal

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