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I have a QS1 with an annual fee, as well as, a Sony Card. I really consider them started cards with $2.5K and 1.5K limits. I was approved for teh Venture with a $15K limit last week so I really don't need the QS1 or Sony any longer however I wanted the annual fee removed from the QS1. I just got offof the phone with the CAPONE EO who encouraged me to a CLI request for an upgrade on the QS1......but declined the upgrade and requested a permanent removal of the fee which they complied. I don't want big limits on cards I probably won't use. Right move?
@SEBanker wrote:I have a QS1 with an annual fee, as well as, a Sony Card. I really consider them started cards with $2.5K and 1.5K limits. I was approved for teh Venture with a $15K limit last week so I really don't need the QS1 or Sony any longer however I wanted the annual fee removed from the QS1. I just got offof the phone with the CAPONE EO who encouraged me to a CLI request for an upgrade on the QS1......but declined the upgrade and requested a permanent removal of the fee which they complied. I don't want big limits on cards I probably won't use. Right move?
So did you cancel it, or did you get the fee waived permanently. I'd get rid of the QS1 if they won't upgrade it.
They wanted me to upgrade it but I plan on closing it at the 2 year mark so I just got them to remove the fee.
@SEBanker wrote:They wanted me to upgrade it but I plan on closing it at the 2 year mark so I just got them to remove the fee.
I see.
You may roll it into your Venture if Capital One ever allows that.
@SEBanker wrote:I have a QS1 with an annual fee, as well as, a Sony Card. I really consider them started cards with $2.5K and 1.5K limits. I was approved for teh Venture with a $15K limit last week so I really don't need the QS1 or Sony any longer however I wanted the annual fee removed from the QS1. I just got offof the phone with the CAPONE EO who encouraged me to a CLI request for an upgrade on the QS1......but declined the upgrade and requested a permanent removal of the fee which they complied. I don't want big limits on cards I probably won't use. Right move?
Not necessarily. In terms of CLIs, if it isn't costing you a HP, I'd say you shoudl always take it on any card. But congrats on the venture!
Seems like I read a post here recently that said CAPONE was going to start allowing CL realocations. That correct?
You did the right thing closing the QS card. If you don't intend to use a card, the credit limit on the card does not matter.
I would get limit increases on every card I could. Helps your utilization and strengthens your file.
@SEBanker wrote:Seems like I read a post here recently that said CAPONE was going to start allowing CL realocations. That correct?
At this point simply a rumor and no one can tell you when or if it's really going to happen
@Anonymous wrote:
@SEBanker wrote:I have a QS1 with an annual fee, as well as, a Sony Card. I really consider them started cards with $2.5K and 1.5K limits. I was approved for teh Venture with a $15K limit last week so I really don't need the QS1 or Sony any longer however I wanted the annual fee removed from the QS1. I just got offof the phone with the CAPONE EO who encouraged me to a CLI request for an upgrade on the QS1......but declined the upgrade and requested a permanent removal of the fee which they complied. I don't want big limits on cards I probably won't use. Right move?
So did you cancel it, or did you get the fee waived permanently. I'd get rid of the QS1 if they won't upgrade it.
Exactly what I did.