Stuck with Cap1 Platinum Visa $500 CL, and $59 AF for 12 years. Help!!!!
10-12-2012 05:26 PM
My first post here and I need your help, please.
I have this Cap1 Visa Platinum since Feb 2000. The CL has been $500 for those 12 years.
My current credit scores across all 3 bureaus are 650-675 (yeah, I had some tough time with several charged offs in 2010 but I cleaned them all up)
Recently, I was approved for a AMEX SimplyCash for $3000, a CapOne Cash Rewards for $1000, and business CapOne Spark Select for $2000.
Since this Cap1 Platinum is my oldest card, I don't want to close it. Nor do I want to pay $59 annually either, since it does not grow. So I called them last week. But they said "there is no offer available for this card. I'll put a note in your file to flag some analysts so they can review your request sooner". The balance of the account is question has been $0 for 3 months. And my overall UTIL is < 10%.
Please advise me what to do? Email Exec office? Call Exec office? Cancel? Continue to pay $59/year (ouch!)?
Thank you in advance
Credit Cards: Chase Freedom 9.5K | AMEX TrueEarnings 4.5K | Cap1 Venture Visa 3.5K | Cap1 QS MC 3.5K | Discover IT 1K | Cap1 Spark Cash 15K | AMEX SimplyCash 9K
Store: PayPal SmartConnect 10K | JCP 5.2K | Banana 3.3K | Walmart 4.5K | Kohls 1.5K | TargetRED 200