Close Capital One Secured Card?

Playstation4Champ · ‎05-25-2013

I currently have these limits as follows these are all credit cards I Pay them in full every month and never leave a balance sit

the secured card is my oldest open acct at a year and ten months it is also my second largest credit line at 3,000 dollars please advise if I should cancel

Credit Cards Limit

Chase -1500

Capital One -750

Trumark Financial- 500

Capital One- 750

Walmart -5300

Capital one secured -3000

FocusedAndDetermined · ‎05-25-2013

Is there an AF associated with the secured card?

Playstation4Champ · ‎05-25-2013

30.00 a year

myjourney · ‎05-25-2013

Sent you a PM for cap1

Ask them to waive the AF and triple limits on both cards

If they don't have rewards ask them to add them

Good luck

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?

FocusedAndDetermined · ‎05-25-2013

Sounds like solid adivce from Journey.

justforting · ‎05-25-2013

Just closed my cap 1 secured card. Called and they said no way to PC...

Last App: 09/17/2013 // No App Until: Mortgage (05/14?)

Cards in my wallet: AMEX BCE ($8000) // CITI AA VISA SIG ($5000) // CHASE FREEDOM ($3500) // DISCOVER IT ($1000) // CAP ONE NC ($1000) // WALMART DISCOVER ($1600)
Credit Scores: FICO TU08 (10/13): 739 // Credit Karma (10/13): 677??!! // Credit Sesame (10/13): 730
Next Goal: CSP (after mortgage probably...)

Playstation4Champ · ‎05-25-2013

Any chance I can ask them to graduate this card instead of closing it out

FocusedAndDetermined · ‎05-25-2013

@Armissea wrote:
Any chance I can ask them to graduate this card instead of closing it out

I don't have any experince with CapOne, but it's only a phone call. Why not? Nothing ventured - nothing gained.

Playstation4Champ · ‎05-25-2013

They probably are closed

SamsungHDTV · ‎05-25-2013

@Armissea wrote:
Any chance I can ask them to graduate this card instead of closing it out

CapOne doesn't graduate their secured cards. If I were you, I'd pay another AF and keep it until the month before the AF comes up in 2014. You should be fine by then, and its only $30. I'm assuming its not too bad of a bite with as much as you've deposited. I also have a maxed out capone secured card lol.