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Established Contributor
bernhardtra
Posts: 845
Registered: ‎10-15-2011

Re: Closed my low CL Cap One card.


ali5541 wrote:

I had two Cap1 cards. Weirdly enough, when I did close my secured card ($201 limit) my FICO score jumped 30 points.....I really don't know why. But hey, whos complaining?

 

I got a CLI from the execs office on the second one.


Did you do both at the same time?  What was the increase, maybe it was the increase that put up your score that much if it was to $2,000 or more?

 

It me a Better Business Bureau complaint to get Capone to treat me with a little more repsect.  I find them really interesting to deal with in some ways.  I asked many times and listened to them say that my credit limit was up to date, which was funny since I was getting new cards easily with better limits.  I asked for them to remove my annual fee and they offered to waive it.  I clearly stuck with the wording I was using and said that I really wanted to have it removed, but never said 'no' to them waiving it.  In fact I never said 'no' to it three times one month and I never brought up the fact that it had already been waived.  When I called and asked for them to lower the interest rate they said they could not, but they were happy to give me a $50 credit to my account!  This was much more than I have paid in interest on the card in 2 years, 192 times more interest than I had paid in that period.  I was merely trying to get the interest so that if the card ever converted it wouldn't be at a high interest rate. I figure once I get a Prime card from them it will be easier to get another with the bonus points/miles or whatever to use.


Credit is just like a video game. Some people have already gotten the experience from other games. Others, well they just have to learn. You go out on a quest. If you die or get wounded you just restart from the last save point or heal. Unlike a video game, we don't have a last save point or magic potions to heal instantly.

So maybe one day we will get a SIMs credit game so we can prepare better for real life.
Valued Member
ednajen
Posts: 54
Registered: ‎12-16-2010

Re: Closed my low CL Cap One card.

[ Edited ]

racer-x wrote:

As mentioned a billllliiiooooon times, simplly hit the googlenator for 'capital one executive office email'.  :smileywink:


 

Um thanks.  I don't really go in Cap1 threads but I did do an "Executive Office" search and the first couple threads I saw mentioned getting pm's.  I appreciate the information though.

Go to cards: Amex BCE , CSP, Discover IT, Amex Gold NPSL
Established Member
high_lander
Posts: 38
Registered: ‎01-09-2013

Re: Closed my low CL Cap One card.

I tried with that low limit (300) card, and they would not budge, so I said scew it and closed it. I did get a CLI on my rewards card from 750 to 1K. I then did a balance transfer of that card to my new NFL card, that I got a CLI on from Barclays. I recently also opened a WalMart account. My wife opened a Kroger 1-2-3 Rewards card that I am a an AU on. Too many cards open right now.

 

Hoping to buy a new truck here in a few months, and want to let the dust settle a bit on the scores.


Starting Score: 590
Current Score: TU 712 EQ 704 (both from myFICO)
Goal Score: 850


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Valued Contributor
p-
Posts: 2,521
Registered: ‎06-05-2008

Re: Closed my low CL Cap One card.


high_lander wrote:

Good riddance. It wasn't going to grow.


Hmm.  A waste, in my opinion.  If you have a cap1 subprime product, once you have good history and other high limit cards the exec office is happy to help with PC's and CLI's. My Cap1 rebuilder is now a green cash, and my highest limit card.

 

Why not use soft pulls to convert it to something better, and keep the benefit to your AAOA?

 

http://ficoforums.myfico.com/t5/Credit-Cards/How-to-get-a-PC-or-CLI-from-Capital-One/td-p/1690104

  2-13-14: FICO EXP: 779 - EQU: 742 - TRAN: 765 - AVG: 762 - +212 points from JUN 2008 - MY CREDIT JOURNAL

Valued Contributor
p-
Posts: 2,521
Registered: ‎06-05-2008

Re: Closed my low CL Cap One card.


racer-x wrote:

As mentioned a billllliiiooooon times, simplly hit the googlenator for 'capital one executive office email'.  :smileywink:


I'd say that was mentioned...

(•_•)

a google times...
( •_•)>⌐■-■
(⌐■_■)

Yeaaaah.

  2-13-14: FICO EXP: 779 - EQU: 742 - TRAN: 765 - AVG: 762 - +212 points from JUN 2008 - MY CREDIT JOURNAL

Contributor
SpeedingWheels
Posts: 253
Registered: ‎08-06-2012

Re: Closed my low CL Cap One card.


p- wrote:

high_lander wrote:

Good riddance. It wasn't going to grow.


Hmm.  A waste, in my opinion.  If you have a cap1 subprime product, once you have good history and other high limit cards the exec office is happy to help with PC's and CLI's. My Cap1 rebuilder is now a green cash, and my highest limit card.

 

Why not use soft pulls to convert it to something better, and keep the benefit to your AAOA?

 

http://ficoforums.myfico.com/t5/Credit-Cards/How-to-get-a-PC-or-CLI-from-Capital-One/td-p/1690104


They refused to PC my secured card to anything. 

No biggie, I got the CLI on my CR card and will be cancelling the secured one soon. 


Walmart Discover ($5000) - Amazon ($5500) - Cap1 Cash Rewards ($2000) - Meijer ($5000) - Discover More ($1800) - Car Care One ($2100) - Amex Delta Skymiles ($2000) - Citi Thank You Preferred ($2000) - Chase Freedom ($500) - Sam's Club, GE ($1237?)
Valued Contributor
p-
Posts: 2,521
Registered: ‎06-05-2008

Re: Closed my low CL Cap One card.

SpeedingWheels wrote:
They refused to PC my secured card to anything.

Bummer.  I'm guessing it's not eligible for PC until it graduates.  Have you talked to them about what it will take to graduate your secured card?

  2-13-14: FICO EXP: 779 - EQU: 742 - TRAN: 765 - AVG: 762 - +212 points from JUN 2008 - MY CREDIT JOURNAL


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