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Capital One Quick Refund

Frequent Contributor

Capital One Quick Refund

Just an FYI for those who may contemplate closing their secured Capital One credit card.

 

I closed my secured Cap One (quick & easy via automated line) on Monday, July 8th. Today (Monday, July 15th) I received my security deposit refund check in the mail.

 

That's much faster than the minimum 2 weeks I was expecting.



Amex BCE: $2600 - Bank of America Cash Rewards: $6500 - Barclaycard Apple: $2000 - Barclaycard Rewards: $3350 - Capital One Quicksilver: $5000 - Chase Freedom: $3700 - Discover IT: $1200 - Walmart Store: $1700
Message 1 of 6
5 REPLIES
Moderator Emerita

Re: Capital One Quick Refund

Message 2 of 6
Valued Contributor

Re: Capital One Quick Refund

Nice! How long did you keep your secured card?


GARDEN GOAL: MARCH 2014
LAST APP: 08/20/2013
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Message 3 of 6
Frequent Contributor

Re: Capital One Quick Refund

I kept my Cap One secured for 1 year (13 billing cycles to be exact). I closed it avoid the annual fee for the next year & because the card wouldn't grow (no unsecured CLI, etc).

 

I also had recently acquired Barclaycard and Chase in June, plus have a partially secured Bank of America -- all with higher CL than the $300 CL on Capital One (of which I only deposited $199).



Amex BCE: $2600 - Bank of America Cash Rewards: $6500 - Barclaycard Apple: $2000 - Barclaycard Rewards: $3350 - Capital One Quicksilver: $5000 - Chase Freedom: $3700 - Discover IT: $1200 - Walmart Store: $1700
Message 4 of 6
Regular Contributor

Re: Capital One Quick Refund

I closed my secured card in mid-April and didn't get my refund until late May. I guess everything credit related is YMMV.

Wallet:
CapOne QuicksilverOne $500/VS $700/Express $500/Walmart $2000/Old Navy $600/SC Telco Visa $1K/HH Gregg $1500/Target REDcard $200



Message 5 of 6
Contributor

Re: Capital One Quick Refund

I closed mine to avoid AF and got my deposit within 10 days.

AMEX BCE 10K; BARCLAYS REWARDS 10K; CITI ANYWHERE 8K; DISCOVER 7,5K;CAP ONE VENTURE 9K;MERRICK BANK 2,3K; MACY'S 1,2K; WALMART-SYNCRONY 450$.
BK7 DISCHARGED IN 2011. FICO 8 NOW IN LOW 700S.
Message 6 of 6