Need some advice on closing a cc...

[Glkslngr]

Hi all! I know that closing a cc is usually based on one's personal needs/ spending habits, but I am posting to get other perspectives and experiences with the Capital One Quicksilver One. It has an annual fee and 1.5% cashback. I was recently approved for the US Bank Cash Rewards at 1%, which is low compared to other cards that I have below in my sig. I was using the QSO for reoccurring bills sich as Netflix and MyFICO. I plan to use my Cash Rewards in the same manner, and for other non catergory spending that I wouldn't otherwise see more than 2% cb on, so that can show history and pc to the Cash+ hopefully in 3 months. Is there any benefit to the QSO that I am not seeing? Is there ever any promotions that curent card members might be able to opt in on, simliar to the Dicover It promo? Thanks!

[Anonymous]

Call cap one to product change qs1 to qs with no annual fee. If they say no, close the account.

[Anonymous]

umm QS1 does have a $39 AF...

[Glkslngr]

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@Anonymous wrote:
umm QS1 does have a $39 AF...

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Yes, I see that fee on their website but for some reason was only charged $19.99 last year...

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@Anonymous wrote:
Call cap one to product change qs1 to qs with no annual fee. If they say no, close the account.

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I forgot to mention that I attempted a product change and they said that I had no offers. Have been trying to change for a few months now... I guess I wlil just cancel... Thanks.

[Anonymous]

i wouldn't keep a card with an AF if you don't use i

[Anonymous]

If you have history with them you can probably turn right around and apply for a regular Quicksilver and get it. However, I consider a relationship with us bank superior as they won't crack and gimme one. Personal bias.

[Anonymous]

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@Glkslngr wrote:

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@Anonymous wrote:
umm QS1 does have a $39 AF...

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Yes, I see that fee on their website but for some reason was only charged $19.99 last year...

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@Anonymous wrote:
Call cap one to product change qs1 to qs with no annual fee. If they say no, close the account.

---

I forgot to mention that I attempted a product change and they said that I had no offers. Have been trying to change for a few months now... I guess I wlil just cancel... Thanks.

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Your credit card lineup looks strong. It's their loss not trying to retain you. You'll get a guarantee of 10 years of perfect payment on your credit report.

[Glkslngr]

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@Anonymous wrote:

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@Glkslngr wrote:

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@Anonymous wrote:
umm QS1 does have a $39 AF...

---

Yes, I see that fee on their website but for some reason was only charged $19.99 last year...

---

@Anonymous wrote:
Call cap one to product change qs1 to qs with no annual fee. If they say no, close the account.

---

I forgot to mention that I attempted a product change and they said that I had no offers. Have been trying to change for a few months now... I guess I wlil just cancel... Thanks.

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Your credit card lineup looks strong. It's their loss not trying to retain you. You'll get a guarantee of 10 years of perfect payment on your credit report.

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Thanks for the advice!

[Shooting-For-800]

have it changed to Cap One QuickSilver (not one.)

No annual fee and 1.5% cash back.

Try not to ever close a card unless you can not stand the annual fee.

Length of accounts matter.

[Anonymous]

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@Glkslngr wrote:

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@Anonymous wrote:
umm QS1 does have a $39 AF...

---

Yes, I see that fee on their website but for some reason was only charged $19.99 last year...

---

@Anonymous wrote:
Call cap one to product change qs1 to qs with no annual fee. If they say no, close the account.

---

I forgot to mention that I attempted a product change and they said that I had no offers. Have been trying to change for a few months now... I guess I wlil just cancel... Thanks.

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Have you tried asking them to waive the AF? If you've been using the card, they might give you either a lifetime waiver or a 1 year waiver of the fee. If you can get that, the 1.5% beats your other cards, and you can try again in a year.