cancel
Showing results for 
Search instead for 
Did you mean: 

Opinions please..................

tag
SEBanker
Valued Member

Opinions please..................

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?

Message 1 of 12
11 REPLIES 11
Anonymous
Not applicable

Re: Opinions please..................


@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.

Message 2 of 12
SEBanker
Valued Member

Re: Opinions please..................

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. 

Message 3 of 12
Anonymous
Not applicable

Re: Opinions please..................


@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.

Message 4 of 12
yfan
Valued Contributor

Re: Opinions please..................


@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!

Message 5 of 12
SEBanker
Valued Member

Re: Opinions please..................

Seems like I read a post here recently that said CAPONE was going to start allowing CL realocations.  That correct?

Message 6 of 12
Anonymous
Not applicable

Re: Opinions please..................

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. 

Message 7 of 12
Anonymous
Not applicable

Re: Opinions please..................

I would get limit increases on every card I could. Helps your utilization and strengthens your file.

Message 8 of 12
kdm31091
Super Contributor

Re: Opinions please..................


@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

Message 9 of 12
Anonymous
Not applicable

Re: Opinions please..................


@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.

Message 10 of 12
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.