06-08-2012 12:06 PM - edited 06-08-2012 12:09 PM
And before you ask...no I didn't push the monkey button (this time) LOL.
I accessed my Visa Platinum Account online, and clicked to do the online chat with a CSR. I asked if they could upgrade the account into a Rewards Card. This account was opened 5/2006 and was a credit steps card. It started at a 500 limit, and now the limit is 3000, but it has a 59.00 AF. To my surprise, the CRS said I was eligible for a upgrade to a Capital One Cash Rewards Card, with no AF. It is the green card with 1% cash back on all purchases, and a 50% bonus on the cash back earned every year. There is a $100 bonus once you spend $500 in the first 3 months, and 0% interest until June 2013.APR will be 12.9% (was 19.99% on other card).
On the website, these are the terms for the Cash Rewards for Excellent Credit (the terms for the Avg Credit have a $39 AF, and higher interest rates (17.9-22.9%).
I went ahead and did the upgrade, since this will get me out of the AF, and because they are giving me the signup bonuses as if it is a new card. Asked for a CLI, but they said I had no offers on my account for a CLI at this time. So, it is an upgrade, but no added CLI.
06-08-2012 12:18 PM
You had to mention the monkey button... now after I post this I will have to go push it... Damn you!!!
What I am interested in, since we are talking about Cap1, will this result in a hp on your report. Since this just happened it will be interesting to see if they did a hp to go along with this offer or if it was only internal and maybe with a sp. Sorry, after a few years of dealing with Cap1, I guess I just have a little bit of paranoia that I cannot get past.
06-08-2012 12:24 PM
I specifically asked them about a hard pull on my credit report, and they said no it was not and was an 'internal review' which would not affect my credit. We shall see (now you have me nervous).
06-08-2012 12:26 PM
BK7 Discharge: October 2004 Starting Score: 590 November 2016 EQ & EX & TU FICO Score: 800 & 804 & 799
Goal Score: 800+ across the board | Goals Hit: 3 Active Cards: 2
Gardening Since: October 2015 Garden Goal: Oct 2018
Wish List: | None
06-08-2012 12:29 PM
I was just about to cancel it, because I just noticed the AF billed this past statement. They said that since the AF was billed within the past 2 statements (prior to upgrade), it would be refunded. I was shocked.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.