Regular Contributor
dude11
Posts: 237
Registered: ‎06-07-2011
Re: Cap1..Unbelievable!

To the OP, hopefully your credit doesn't go down the drain for whatever reason in the future because you'll probably end up going back to them for a card and then you will end up loving them again :-). Anyway, yeah close them if you don't need them anymore. Won't be able to get much out of them from what you may already have.

Established Contributor
AndyK
Posts: 913
Registered: ‎06-09-2011
Re: Cap1..Unbelievable!

I keep wondering why I still have my $750 Cap One card open. When I called to close it, I was told my card didn't have an annual fee for whatever reason - since it's a platinum card, the only thing the "senior" account "specialist" could figure out that I signed up under a special promo (which I guess I did since I have an invitation #).

I'm not saying my credit is fantastic, but since I already have two $14k cards and now a new $7k card.. I'm not sure why I keep that card open, even if there's no AF involved.

EQ 679 FICO (02/24/2012)
TU 721 FICO (03/10/2012)
EX 703 FICO (05/05/2012)

Cards: NFCU cashRewards $14k, NFCU Platinum $14k, USAA Amex $7k, Amazon Visa $3k, Chase Freedom $2.5k, Amex Zync NPSL, Discover More $1k, Amazon Store $1.3k, Walmart Store $700
Frequent Contributor
astritaho1979
Posts: 451
Registered: ‎10-02-2011
Re: Cap1..Unbelievable!

Capital1 closed my accounts as well/3/ accounts.Always paid in full and never late for 3 years with them and they go and terminate my accounts cause i open a autoloan and 3 other credit cards with GE.Thank god i did cause capital one is never a good credit company as far as credit limits go and GE always increase every 4 months with good credit limits.Finally u and me should be glad they close our credit cards with them.:smileyhappy:


COMMERCE BANK PLATINIUM VISA 20K*PAYPAL MC $9.5K*CITI FORWARD $8.5K*PENFED $6,5K*
*LOWES $6K *CMN BANK $5.2K-*PNC $5K*SCLUB DISC. $5K*
WMART DISC.4K*CMN BANK 3.75K*BANK OF AMERICA $3K* MACYS $2.2K*
JCP $1.8*TARGET $0.7K* UTL1%- AAOA 5.5- TOTAL 12 yrs History/
Transunion 718 Equifax 733- Experian 736
Frequent Contributor
astritaho1979
Posts: 451
Registered: ‎10-02-2011
Re: Cap1..Unbelievable!

Heck yea the amex is better then capital one.Some loan officer once told  me that having a capitalone in your credit report is looking bad from prime lenders prospective.If you would like to get cli increases on your accounts close Capital1 ASAP


COMMERCE BANK PLATINIUM VISA 20K*PAYPAL MC $9.5K*CITI FORWARD $8.5K*PENFED $6,5K*
*LOWES $6K *CMN BANK $5.2K-*PNC $5K*SCLUB DISC. $5K*
WMART DISC.4K*CMN BANK 3.75K*BANK OF AMERICA $3K* MACYS $2.2K*
JCP $1.8*TARGET $0.7K* UTL1%- AAOA 5.5- TOTAL 12 yrs History/
Transunion 718 Equifax 733- Experian 736
Frequent Contributor
minimock
Posts: 443
Registered: ‎10-23-2010
Re: Cap1..Unbelievable!

I was about to close my Capital One this month. I did some thinking about why it is that they irritate me LOL.

 

Then I thought about how alot of folks here react to the way they do business.

 

I think the mindset is that after you use them as a rebuilder card and restore your credit, one feels like they should be rewarded/recognized for all the hard work it took to get yourself into prime land.

 

Sort of like a child seeking the approval from a parent...... When it does not happen, one gets peeved :smileyvery-happy:

 

 

In fact all it is to them is a business model, and they follow it quite rigidly.

 

Nothing personal, it is what it is.

 

 

Still grates you though LOL :smileyvery-happy:

Scores: EQ (FICO) - 730 | EX (FICO) - 722 | TU (FICO) - 713 - 06/25/2014



US Airways MC (5 K) | US Airways World MC (10 K) | Chase United Airlines Sig VISA (5K) | BOA Rewards Sig Visa (10K) Citi Dividend Plat MC (5.6K) | Discover Miles (6.6K) | AMEX BCE (7 K) | AMEX Plat Delta (11 K) | BOA PLAT (7.5K)


Valued Member
LOC
Posts: 39
Registered: ‎06-27-2012
Re: Cap1..Unbelievable!

Now that is interesting. I called in to the customer service line on my card and they did not hesitate to waive both of my AFs last month. I have had both cards for over two years now and have never missed or had a late payment. That was the easy part getting a CLI was some work. Eventually I got them to raise the CL both accounts,




Starting Score: 565
Current Score: 660
Goal Score: 780

Established Contributor
distantarray
Posts: 2,112
Registered: ‎09-25-2011
Re: Cap1..Unbelievable!

well in all due honesty they were probably looking at your account history, and you guys were probably only occassionally charging a subway sandwich or something.....

 

since you guys have better cards. They should know who valuable customers are, if your only charging a subway sandwich $5 every few months your only making them about 15 cents and if they mail you a statement it costs them a lot more than that, they would want to cut their losses after all.


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Established Contributor
distantarray
Posts: 2,112
Registered: ‎09-25-2011
Re: Cap1..Unbelievable!

LOC wrote:

Now that is interesting. I called in to the customer service line on my card and they did not hesitate to waive both of my AFs last month. I have had both cards for over two years now and have never missed or had a late payment. That was the easy part getting a CLI was some work. Eventually I got them to raise the CL both accounts,


i'm assuming since your scores probably use the card a lot more than the others comparingly


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Frequent Contributor
minimock
Posts: 443
Registered: ‎10-23-2010
Re: Cap1..Unbelievable!

distantarray wrote:

well in all due honesty they were probably looking at your account history, and you guys were probably only occassionally charging a subway sandwich or something.....

 

since you guys have better cards. They should know who valuable customers are, if your only charging a subway sandwich $5 every few months your only making them about 15 cents and if they mail you a statement it costs them a lot more than that, they would want to cut their losses after all.


With a $500 CL it is hard to put much more then the sandwich through it LOL :smileyvery-happy:

Scores: EQ (FICO) - 730 | EX (FICO) - 722 | TU (FICO) - 713 - 06/25/2014



US Airways MC (5 K) | US Airways World MC (10 K) | Chase United Airlines Sig VISA (5K) | BOA Rewards Sig Visa (10K) Citi Dividend Plat MC (5.6K) | Discover Miles (6.6K) | AMEX BCE (7 K) | AMEX Plat Delta (11 K) | BOA PLAT (7.5K)


Established Contributor
distantarray
Posts: 2,112
Registered: ‎09-25-2011
Re: Cap1..Unbelievable!

minimock wrote:

distantarray wrote:

well in all due honesty they were probably looking at your account history, and you guys were probably only occassionally charging a subway sandwich or something.....

 

since you guys have better cards. They should know who valuable customers are, if your only charging a subway sandwich $5 every few months your only making them about 15 cents and if they mail you a statement it costs them a lot more than that, they would want to cut their losses after all.


With a $500 CL it is hard to put much more then the sandwich through it LOL :smileyvery-happy:


lol but that's a lot of sandwiches though :smileyhappy:


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758