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Regular Contributor
Jasir
Posts: 244
Registered: ‎04-05-2013

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: $6000 - Bank of America Cash Rewards: $5000 - Bank of America Better Balance: $1000 - Barclaycard Rewards: $3350 - Capital One Quicksilver: $5000 - Chase Freedom: $1700 - Discover IT: $1200 - Walmart Store: $800
Moderator
09Lexie
Posts: 24,422
Registered: ‎09-13-2012

Re: Capital One Quick Refund

Valued Contributor
djc1puno
Posts: 1,715
Registered: ‎03-07-2013

Re: Capital One Quick Refund

Nice! How long did you keep your secured card?


GARDEN GOAL: MARCH 2014
LAST APP: 08/20/2013
---=[NORTHBOUND]=---
Regular Contributor
Jasir
Posts: 244
Registered: ‎04-05-2013

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: $6000 - Bank of America Cash Rewards: $5000 - Bank of America Better Balance: $1000 - Barclaycard Rewards: $3350 - Capital One Quicksilver: $5000 - Chase Freedom: $1700 - Discover IT: $1200 - Walmart Store: $800
Regular Contributor
RTOrockstar
Posts: 232
Registered: ‎02-02-2012

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



Contributor
Tristate
Posts: 82
Registered: ‎06-02-2012

Re: Capital One Quick Refund

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


Starting Score: FICO EQ-660 TU-658 07/2012
Current Score: FICO EQ-680, Walmart TU-640
Goal Score: FICO 700


In my wallet : Cap1Quick Silver-$1250,Barclaycard MC-$6000 , Merrick-$1700,Walmart-$250.



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