topic Re: dumping Cap1 in Credit Cards

dumping Cap1

ecxpa — Thu, 09 Apr 2015 23:09:51 GMT

Anybody with cards that morphed from HSBC/Orchard bank into Cap 1 cards ever close those cards and get a better card from Cap1. Call it paranoia but I am convinced that those of us who hold cards that transitioned from another bank are treated differently than the folks who get cards directly from Cap 1.

Re: dumping Cap1

Scupra — Thu, 09 Apr 2015 23:13:12 GMT

Call up the Cap1 EO and see what you can get done.

Re: dumping Cap1

Anonymous — Thu, 09 Apr 2015 23:13:37 GMT

@ecxpa wrote:
Anybody with cards that morphed from HSBC/Orchard bank into Cap 1 cards ever close those cards and get a better card from Cap1. Call it paranoia but I am convinced that those of us who hold cards that transitioned from another bank are treated differently than the folks who get cards directly from Cap 1.

I'm dumping my Orchard Bank / Cap One Platinum / Quicksilver One in a few days. Just waiting for a charge to post and eat up a negative balance. I'm tired of trying to get a CLI or PC to a better card.

Re: dumping Cap1

pizza1 — Thu, 09 Apr 2015 23:14:40 GMT

@ecxpa wrote:
Anybody with cards that morphed from HSBC/Orchard bank into Cap 1 cards ever close those cards and get a better card from Cap1. Call it paranoia but I am convinced that those of us who hold cards that transitioned from another bank are treated differently than the folks who get cards directly from Cap 1.

I dont have any of the old morphed cards like youre talking about, but Ive been kinda making a mental note of these threads, and it does seem that a lot of you that have old said cards are treated a little differently. If it were me, Id close it out, and reapply for the Venture or QS siggy and see what happened. I would almost bet youd be approved with a high limit, just my take is all.

Re: dumping Cap1

CreditMagic7 — Thu, 09 Apr 2015 23:27:07 GMT

@ecxpa wrote:
Anybody with cards that morphed from HSBC/Orchard bank into Cap 1 cards ever close those cards and get a better card from Cap1. Call it paranoia but I am convinced that those of us who hold cards that transitioned from another bank are treated differently than the folks who get cards directly from Cap 1.

I had a pfffttt $600 limit GM WEMC that after i closed it and apped for Prime Capital One cards the start limits were infinitely better. Venture was the turnaround card for me followed by QS Visa.

Re: dumping Cap1

Anonymous — Thu, 09 Apr 2015 23:42:34 GMT

Yes, it's true, those who had Orchard bank cards are treated like second class citizens. Think of it as you guys are like red headed step children to capital one.

Re: dumping Cap1

ecxpa — Thu, 09 Apr 2015 23:47:59 GMT

@Anonymous wrote:
Yes, it's true, those who had Orchard bank cards are treated like second class citizens. Think of it as you guys are like red headed step children to capital one.

this little orphan is running away...........it has taken me over 12 years to get to a measly 8200 CL between 3 cards......I'm online now making a final payment and perhaps a final chat then it is goodby Cap1 may you RIP with your brother Credit 1.

Re: dumping Cap1

Anonymous — Thu, 09 Apr 2015 23:51:08 GMT

And capital one will say "oh, you'll be back!" 😛

Re: dumping Cap1

KneelBeforeZod — Fri, 10 Apr 2015 00:05:37 GMT

I closed my cards with them a year ago and finally went back and got approved for Venture. If you've rebuilt and have old secured cards or toy limit cards, my experience was that it was easier to leave home and be the prodigal son that returns.

Re: dumping Cap1

KneelBeforeZod — Fri, 10 Apr 2015 00:06:22 GMT

And the EO was not much help to me to be totally honest. Just worked out better in my experience. YMMV though.

Re: dumping Cap1

ecxpa — Fri, 10 Apr 2015 00:07:50 GMT

@Anonymous wrote:
And capital one will say "oh, you'll be back!" 😛

Maybe.............for a 20K Venture .or a 10K QS..................I just closed out 2 accounts with zero balances.......have 7.47 showing on one account that I made payment for but they wouldn't let me close it. I guess the payment has to post.......be interesting to see if I get any pre-approvals from them now.

Re: dumping Cap1

CraigHwk — Fri, 10 Apr 2015 00:07:20 GMT

I think it's silly they won't lower our AF from $59 to whatever their current version's is. They did give me a $39 credit on this year's fee, but they won't lower it going forward. My CL with Orchard started at $300 and with Cap1 it is now $3,300, so they have treated me well in that aspect. I'll probably keep it open another year and cancel before the next fee hits, and since I now have the Quicksilver, I think that's all I need going forward with C1.

Re: dumping Cap1

gdale6 — Fri, 10 Apr 2015 01:03:56 GMT

I have an open Orchard to Cap-1 card and it doesnt stop me from getting good CL cards from Cap-1. I know the QS1 will never be a huge limit like you can get on other cards but its only 9.9% APR so I keep it around still even though its my lowest limit bankcard.

Re: dumping Cap1

ecxpa — Fri, 10 Apr 2015 01:19:58 GMT

@gdale6 wrote:
I have an open Orchard to Cap-1 card and it doesnt stop me from getting good CL cards from Cap-1. I know the QS1 will never be a huge limit like you can get on other cards but its only 9.9% APR so I keep it around still even though its my lowest limit bankcard.

I'm at th other end of the spectrum......had a transitioned card with a 28.9 % apr.......is that 9.9% from Cap 1?

Re: dumping Cap1

gdale6 — Fri, 10 Apr 2015 01:46:26 GMT

@ecxpa wrote:
@gdale6 wrote:
I have an open Orchard to Cap-1 card and it doesnt stop me from getting good CL cards from Cap-1. I know the QS1 will never be a huge limit like you can get on other cards but its only 9.9% APR so I keep it around still even though its my lowest limit bankcard.
I'm at th other end of the spectrum......had a transitioned card with a 28.9 % apr.......is that 9.9% from Cap 1?

It was the rate I was offered when I opened the Orchard Bank card and its been kept the same at Cap-1. I dont get that rate on new Cap-1 cards I open they like to hit me with 19.9%, they never see a balance carried over on those cards.

Re: dumping Cap1

someone379 — Fri, 10 Apr 2015 01:48:34 GMT

@ecxpa wrote:
Anybody with cards that morphed from HSBC/Orchard bank into Cap 1 cards ever close those cards and get a better card from Cap1. Call it paranoia but I am convinced that those of us who hold cards that transitioned from another bank are treated differently than the folks who get cards directly from Cap 1.

I agree - It took me a couple of attempts, but a call to EO did finally get my AF removed for good... My CL is still low, but it has come up believe it or not, and I suspect it will go up again at some point. This past week my card was upgraded from the MC Plat card to the QS1, and then 2 days later I called EO to get the AF removed.

The AF that many of us Orchard Bank users have/had is higher than what any original Cap1 customer has I think, and it does seem that the normal CS reps can't do anything about it. it also does not seem that they have us in the same "credit building" programs as others which allow for graduation to better terms.

So, yes, but talk to EO and get them to improve the situation, and try a couple of times if you want to keep this credit line open.

Re: dumping Cap1

ecxpa — Fri, 10 Apr 2015 02:35:32 GMT

Too late to call the EO........just fed up and closed cards tonight........they were my oldest but just couldn't run with the new herd.

Re: dumping Cap1

Imperfectfuture — Fri, 10 Apr 2015 07:21:58 GMT

@ecxpa wrote:
Too late to call the EO........just fed up and closed cards tonight........they were my oldest but just couldn't run with the new herd.

Good for you. When you outgrow a card, best to move on, one can always seek the more prime offerings from cap one, unless satisfied with your other prime cards.

Re: dumping Cap1

Anonymous — Fri, 10 Apr 2015 09:34:38 GMT

@ecxpa wrote:
Anybody with cards that morphed from HSBC/Orchard bank into Cap 1 cards ever close those cards and get a better card from Cap1. Call it paranoia but I am convinced that those of us who hold cards that transitioned from another bank are treated differently than the folks who get cards directly from Cap 1.

I'm the anomaly. My card that Cap 1 inherited has been upgraded twice since the purchase. My original Cap 1 credit card remained a Platinum Visa until the day I closed it. Good luck!!!

Re: dumping Cap1

Anonymous — Fri, 10 Apr 2015 09:35:53 GMT

@Anonymous wrote:
@ecxpa wrote:
Anybody with cards that morphed from HSBC/Orchard bank into Cap 1 cards ever close those cards and get a better card from Cap1. Call it paranoia but I am convinced that those of us who hold cards that transitioned from another bank are treated differently than the folks who get cards directly from Cap 1.
I'm dumping my Orchard Bank / Cap One Platinum / Quicksilver One in a few days. Just waiting for a charge to post and eat up a negative balance. I'm tired of trying to get a CLI or PC to a better card.

I did the same thing a few days ago.