04-19-2013 08:47 AM
Yesterday I received a packet from Cap one regarding my Orchard Bank card. It appears it will change over to a Cap 1 Mastercard in July. However, it didn't detail what my terms would be, so I'm guessing I'll still have the same crappy APR, CL, and AF. And now I'll have 2 of the same card.
I hope there are more options for changes in the future, otherwise I'll likely get rid of both. It's looks like we may still have to go through the EO to get anything done even after the transition is complete.
04-19-2013 08:54 AM - edited 04-19-2013 08:56 AM
Simply827 wrote: ....And now I'll have 2 of the same card.
Well, if it's any consolation:
Capital One allows you to customize your card's appearance - so at least, you can make it LOOK like you have two different cards..
04-19-2013 09:05 AM
04-19-2013 09:26 AM
Yeah, I got the same mailing yesterday. Holding off until the completed transition to see if the CapOne EO will consider a CLI on the account without a HP like the Orchard EO does now. If they don't budge I'll be closing the card before the AF hits again.
04-19-2013 09:29 AM
04-19-2013 09:30 AM
I don't think so, since the cards already report as CapOne on credit reports... but now you have me paranoid!
04-19-2013 09:38 AM - edited 04-19-2013 09:43 AM
I received a packet too about my housebank card. It came with a booklet with the benefits of a platinum mastercard. It did not go into terms per se but it said how the minimum payment would be the greater of $25 or 1% of the balance plus the membership fee divided by 12. (something like that) The last part has me worried because are they saying even if I had a zero balance (like I always do) that my statement will report a balance of a portion of the annual fee? I am really thinking about canceling this card. Something in my gut tells me to cut it loose.
100% Ficos: EX 762, TU 767, EQ 762 Inquiries last 1 year/6 months: EX-0/0, TU- 0/0, EQ-1/0~ last credit card app 6/24/13- New car loan 3/8/2014
04-19-2013 11:05 AM
04-19-2013 11:10 AM
This should be interesting. The AF on my orchard ,and bbrz card were removed permanently months ago(confirmed as my anniversary was April no fees) , so I wonder which product they will be.
TU 715 No apps to 05/13 cash+ 5/13!!! 738 TU CSP April 13!!!CSP approved May 13!!!
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