I know we don't like CapOne but...

Anonymous · ‎08-08-2007

I have had 2 CapOne accounts for a while now - 9 years for one, 7 for the other, both with smaller CLs - $500 and $1100. And while my APR on them is higher than I like, both were actually significantly lower than my WaMu.

I called the other day and asked if they could merge the accounts and the gal I spoke with said they would (keeping the older account, which also has the lower APR).

This leaves me with a couple of questions: the card currently has an AF and the APR is 16.32%. I'd like to upgrade to something with no AF and a lower APR, if possible. Does CapOne upgrade? And if so, should I ask right after they merge the accounts or should I wait a while? Maybe work on using it/paying it off/increasing the CL? Currently my util is pretty high on the 2 of them (soon to be one), I'm awaiting my BT checks from my CU CC to pay it/them off. I wasn't planning on contacting CapOne until after I had gotten my util down.

I'm still pretty new to all of this, but I'm loving it!

Tess

Let me know if there's any more info needed!!

Message Edited by tessarue on 08-08-2007 10:44 PM

Anonymous · ‎08-09-2007

always call 800-889-9939 to get account specialist

I recently got notice my rate was 8.9->15.9 called three times no avail, then I call on for a separate matter, and asked if I've got notice about my new terms, I said yes and I've called to complained, and she gave me 9.9%

but no they don't upgrade from my first three calls I've learned my no AF 2K card is a starter card I've had the card for 3 years

Message Edited by rbbyrbsn on 08-09-2007 05:48 AM

Anonymous · ‎08-09-2007

Why not do a balance transfer to a card that reports the credit limit, has a lower interest rate and no AF? I'm not saying close a 9yr old account (unless you have serveral others this old)

Anonymous · ‎08-09-2007

Lori344 wrote:
Why not do a balance transfer to a card that reports the credit limit, has a lower interest rate and no AF? I'm not saying close a 9yr old account (unless you have serveral others this old)

That's what I'm planning on doing, as soon as I get my BT checks in the mail!

This one actually is my oldest open TL, which is why I don't want to cancel it - but I would really like to *not* have the AF. At least with merging the two accounts I will get rid of one of the AFs. If I could get them to upgrade it to something with no AF and keep this history it would be nice. As it is, I won't be purchasing anything else on the card except something small every so often.

Anonymous · ‎08-09-2007

Hello, I am new to this board and was wondering what AF means??

Anonymous · ‎08-09-2007

BB wrote:
Hello, I am new to this board and was wondering what AF means??

Hi BB,

Welcome to the boards!!! AF means Annual Fee... see this thread for a list of common abbreviations

indyhotmama · ‎08-09-2007

Annual Fee