Credit Cards

[niecey89]

What were your balances or utils on both cards when you combined them?

I have 2 Capital one accounts that I want to combine. I was thinking 6 months from now when the balances are lower.

Cap1  - 2500 bal 2400 (19.90% no AF) ......this started out at 500 w/AF
Cap2  - 500 bal 400 (14.15% w/AF)

I have had both since 2006, would it be better to wait the 6 months or try to combine now ?

Message Edited by niecey89 on 10-08-2008 03:20 PM

[JR2475]

Don't think this will help much, but I when I combined mine I had 3 all with 0 balances.

As far as waiting to combine, the only downside I can see is paying the extra interest on the $400.   But then again, if your AF hits before you transfer, that may make up for it.  Your utilization will stay the same so you don't have to worry about that aspect at all as far as I can tell.

[niecey89]

Thanks JR2475, I have been contemplating for weeks if I should call them or not. I am afraid they will say no or pull another inquiry on my report (as you can see by my scores, I do not need that). I have been paying them on time every month.

[prettywise77]

I would combine with the balances.  I combined with balance at 1500 cl 1750 and 2000 out of 2500 and the nice the lady in customer added a cli of 500 when she combined the two cards.  My current limit is 6k.  I have a post out there somewhere.  I love cap 1.

[niecey89]

Prettywise, i read your post about the Cap1 CLI congrats that was major. I will try them this weekend after my next payment post and see what they say. Keeping my fingers crossed

[Timothy]

I had a samll balance <100 on the older card I was combining too-

Capone didn't report the other account closed - and after 9 months it stopped being included in UTL scoring, so I disputed it closed.  (if the 90 would have disappeared I would not have been bothered)

An extra $4k is UTL was great while it lasted.

[niecey89]

Timothy, 

That is one of the reasons I was afraid to combine because of problems like that. When you disputed it, did your scores decrease or increase?

[Timothy]

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niecey89 wrote:

Timothy, 

That is one of the reasons I was afraid to combine because of problems like that. When you disputed it, did your scores decrease or increase?

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No change as it was already not being included in UTL-

[niecey89]

Is it better to use the backdoor number posted here or call the regular customer service number?

[Timothy]

Use the BD-

Having them not update the old account was great- (until it quit counting in UTL by FICO) then I disputed it closed-