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New Contributor
ssdc1980
Posts: 62
Registered: ‎05-03-2012
0

Closing my Cap1 secured card???

I called Cap1 about an hour ago in order to ask a few questions about closing my secured card. But before I could reach an actual human I accidentally closed my secured card via their automated "skynet" system.

 

After going through a few automated menus finally it said it would connect me with a rep. The system asked me what I was calling in regards to in order to better direct my call and when I said closing my account it responded with "your account has been deactivated. Your refund will be mailed...blah...blah"

 

The Problem: I had a balance still on the card. Although it was less then the amount of my deposit.

Question: Will them using the security deposit to cover the remaining balance adversely effect me in any way????

 

I spoke to 2 different CSA who both assured me that this would have no negative effect and that my account would show paid off with perfect payment history. But I figured I would ask everybody here, albeit retroactively... 

 

Thanks everyone...

Senior Contributor
Wolf3
Posts: 3,198
Registered: ‎01-24-2010
0

Re: Closing my Cap1 secured card???

When I closed mine, they paid off the balance within about 2 weeks.   If you have a payment due before they apply the payment, I suggest you make it to be sure there is no problems.

 

They were very slow with the remaining check, I called them to remind them about 2 1/2 months after.

Contributor
DVH1980
Posts: 246
Registered: ‎08-24-2011
0

Re: Closing my Cap1 secured card???

When I closed mine I did not have balance but got my check in about 2 weeks.

My wallet:
***Amex BCE 3k***USAA Platinum Visa 12k***Barclays Apple 7500k***Veridian CU 10k***Discover It 10k***Bank of America 8k***Amex Zync***USAA Patinum MC 12k***Navy Federal 20k
New Contributor
ssdc1980
Posts: 62
Registered: ‎05-03-2012
0

Re: Closing my Cap1 secured card???

My next payment is due on the 23rd. Should I make a min payment today just incase or will that payment ever go though seeing as how they deactivated my account??

Valued Contributor
nicholasyud
Posts: 1,734
Registered: ‎08-13-2012
0

Re: Closing my Cap1 secured card???

hope they dont jack you up my friend


Starting Score: 560
Current Score: 748 Wishlist: CSP, Simply Cash, SPG, BOLD, INK, United MP,
Goal Score: 800


Walmart: 10k |Usaa: 8k|BCE: 9k| Amex: NSPL|Dis: 3.4k|Cap: 3.5k|CAP: 2k|CSP: 5k| Pen:4.5k

Senior Contributor
Wolf3
Posts: 3,198
Registered: ‎01-24-2010
0

Re: Closing my Cap1 secured card???


ssdc1980 wrote:

My next payment is due on the 23rd. Should I make a min payment today just incase or will that payment ever go though seeing as how they deactivated my account??


Your online account should still work to make payments.   I would do it, small price to pay for piece of mind. .

 


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