topic Re: Ditch Cap one for Citi DC? in Credit Cards

Ditch Cap one for Citi DC?

Anonymous — Wed, 03 Jun 2015 19:26:39 GMT

Has anybody had a Capitol one quick silver and ditched it for the double cash from citi? Pros and cons?

Also if I decided to do this how do I do a product change to the venture card from the quick silver and will I get the bonus? Is this done with no hard pull?

Thanks!

Re: Ditch Cap one for Citi DC?

Anonymous — Wed, 03 Jun 2015 19:48:12 GMT

Regarding product change, if one is granted there's no hard pull for it. I don't think you get bonuses though as it's technically the same account so a sign up bonus wouldn't apply.

You can check if anything is available on the site by going to the Accounts dropdown at the top, then selecting "Modify Your Features". That brings you to another screen with a few options, choose "Your Features" and see if anything comes up. If not then you can try talking to support, and if not that then emailing the EO. I didn't have any options listed, but I chatted with live support and they were able to move me up to the Quicksilver very easily in my case.

I'm not sure about pros and cons as I don't have both, although I do have the Quicksilver and the Double Cash is at the top of my want list. Once I get the Double Cash it will get far more of my usage, but I still want to keep the account with Cap1 and would use it for some things. I think Cap1 is more inclined to give higher limits than Citi, and you can also request soft pull CLIs which Citi doesn't seem to allow most of the time. It's a Visa and the DC is a MasterCard is that's any concern. Um. Quicksilver gives 20% back on Uber until April 2016? lol. Personally I think it'd be nice to have both anyway.

Re: Ditch Cap one for Citi DC?

Anonymous — Wed, 03 Jun 2015 19:50:26 GMT

Yea just makes sense to make my Every day card 2% vs 1.5%. Cap one has been great though.

Decisions decisions

Re: Ditch Cap one for Citi DC?

red259 — Wed, 03 Jun 2015 19:54:26 GMT

@Anonymous wrote:
Has anybody had a Capitol one quick silver and ditched it for the double cash from citi? Pros and cons?

Also if I decided to do this how do I do a product change to the venture card from the quick silver and will I get the bonus? Is this done with no hard pull?

Thanks!

I don't see why you would want to change from QS to an AF venture card. You will not get the venture signup bonus on a product change. Only if you applied for the venture card could you do that. A product change for cap 1 does not require a HP. I like the venture card but you need to redeem on travel to get the max benefit (granted trvavel is broadly defined). The Citi DC is the best card out of the lot you mentioned for cashback. Cap 1 may grow with you a bit easier than citi.

Re: Ditch Cap one for Citi DC?

Anonymous — Wed, 03 Jun 2015 19:55:57 GMT

@Anonymous wrote:
Has anybody had a Capitol one quick silver and ditched it for the double cash from citi? Pros and cons?

Also if I decided to do this how do I do a product change to the venture card from the quick silver and will I get the bonus? Is this done with no hard pull?

Thanks!

The pro is that DC gives you 0.5% more cash back. The con is that the DC cash retrieval is ever so slightly more difficult (the 1+1 scheme) and it has a minimum redemtion amount. If you do international travel, the big con is that the DC has a FTF, whereas the QS does not.

I would not change to the Venture card. The Venture has an AF and it's earnings are not that much better (if at all) than the DC.

Generally, PC are done without a HP. I'm pretty sure that's how Cap1 does it (no HP).

Re: Ditch Cap one for Citi DC?

kdm31091 — Wed, 03 Jun 2015 19:58:51 GMT

Not sure why you want a PC'd Venture and a Double Cash. They earn the same thing. Venture is 2% with an AF. Venture's "miles" are not worth anything above and beyond 2% because there's no other way to redeem them as far as travel transfers.

If you're getting rid of the Quicksilver, just get the Double Cash. I see no reason to pay for a Venture with the same benefit as a DC. (And I hate to say it but especially because you want to PC and will not get the Venture bonus)

To me, I like my Quicksilver better than a Double Cash. The rewards are a bit less annoying to redeem (any amount anytime), are posted instantly as opposed to statement cut, etc. There's also the fact that anecdotally, Citi doesn't give very high limits or low APRs on the Double Cash. May not matter much to you but across the board even those with "great credit" seem to get lower than anticipated limits on Double Cash. (Not everyone but there's definitely a trend)

Re: Ditch Cap one for Citi DC?

Anonymous — Wed, 03 Jun 2015 20:00:31 GMT

Thanks for all the input! Looks like I'll stick with what I got

Re: Ditch Cap one for Citi DC?

red259 — Wed, 03 Jun 2015 20:07:29 GMT

@kdm31091 wrote:
Not sure why you want a PC'd Venture and a Double Cash. They earn the same thing. Venture is 2% with an AF. Venture's "miles" are not worth anything above and beyond 2% because there's no other way to redeem them as far as travel transfers.

If you're getting rid of the Quicksilver, just get the Double Cash. I see no reason to pay for a Venture with the same benefit as a DC. (And I hate to say it but especially because you want to PC and will not get the Venture bonus)

To me, I like my Quicksilver better than a Double Cash. The rewards are a bit less annoying to redeem (any amount anytime), are posted instantly as opposed to statement cut, etc. There's also the fact that anecdotally, Citi doesn't give very high limits or low APRs on the Double Cash. May not matter much to you but across the board even those with "great credit" seem to get lower than anticipated limits on Double Cash. (Not everyone but there's definitely a trend)

Good points, but I would hope OP keeps the QS open even if they don't use it. Seems a waste to cancel a non-AF account with decent credit line that can be grown with cap 1.

Re: Ditch Cap one for Citi DC?

kdm31091 — Wed, 03 Jun 2015 20:10:26 GMT

@red259 wrote:
@kdm31091 wrote:
Not sure why you want a PC'd Venture and a Double Cash. They earn the same thing. Venture is 2% with an AF. Venture's "miles" are not worth anything above and beyond 2% because there's no other way to redeem them as far as travel transfers.

If you're getting rid of the Quicksilver, just get the Double Cash. I see no reason to pay for a Venture with the same benefit as a DC. (And I hate to say it but especially because you want to PC and will not get the Venture bonus)

To me, I like my Quicksilver better than a Double Cash. The rewards are a bit less annoying to redeem (any amount anytime), are posted instantly as opposed to statement cut, etc. There's also the fact that anecdotally, Citi doesn't give very high limits or low APRs on the Double Cash. May not matter much to you but across the board even those with "great credit" seem to get lower than anticipated limits on Double Cash. (Not everyone but there's definitely a trend)
Good points, but I would hope OP keeps the QS open even if they don't use it. Seems a waste to cancel a non-AF account with decent credit line that can be grown with cap 1.

Right, I know some people have that line of thinking but assuming (and it's a big assumption) that OP obtained a Double Cash with a decent limit, there would no reason for them to ever really use their Quicksilver...so keeping it open would be kind of pointless (depending on perspective).

I'm glad they decided to stick with what they have though.

Re: Ditch Cap one for Citi DC?

Sharingan — Wed, 03 Jun 2015 20:28:24 GMT

I don't see why anyone wouldn't get the DC over the QS if they are able to and considering the change. Yes, it is "just" .5% more, but doesn't that argument also apply to the QS being better than the many basic 1% cash-back cards? As for the 1+1 reward structure, you are -supposed- to be paying your credit card bills anyway, so I don't see why that would be a deterrent.

As for the Venture card, I completely agree with Kdm on that. Why pay for what is already complimentary on a card you are looking to apply for? Just my few cents.

Re: Ditch Cap one for Citi DC?

redpat — Wed, 03 Jun 2015 20:30:59 GMT

@Anonymous wrote:
Has anybody had a Capitol one quick silver and ditched it for the double cash from citi? Pros and cons?

Also if I decided to do this how do I do a product change to the venture card from the quick silver and will I get the bonus? Is this done with no hard pull?

Thanks!

DC can cumbersome when it comes to pay for the additional 1%. It has to go through some clearing and they tell you when it is available for the 1% additional reward. Also, payments are held longer from what I hear. Seems more difficult and time consuming to me. I went with Venture 40K sign-up and because I travel, no FTFs and CO on-line easy access for payments and use of rewards.

Just my preference.

Re: Ditch Cap one for Citi DC?

Callandra — Wed, 03 Jun 2015 20:34:27 GMT

@Sharingan wrote:
I don't see why anyone wouldn't get the DC over the QS if they are able to and considering the change. Yes, it is "just" .5% more, but doesn't that argument also apply to the QS being better than the many basic 1% cash-back cards? As for the 1+1 reward structure, you are -supposed- to be paying your credit card bills anyway, so I don't see why that would be a deterrent.

I think kdm nailed this one: QS has no FTF, can redeem at any amount at any time, points post with the transaction posting, and there's also a sign-up bonus for those who care. You also have a better chance with a higher limit and lower APR with QS over Double Cash. I want a QS for the reasons above; I have no interest in Double Cash.

Re: Ditch Cap one for Citi DC?

galahad15 — Wed, 03 Jun 2015 20:44:16 GMT

If you have good - excellent credit and you live in a qualifying state for applying, I would recommend applying for the card listed in the link below, rather than focusing on both Cap1 or the Citi DC. Although it doesn't have a bonus or promo offer, it does have unlimited 1.5 rewards points per $1 spent, *and* a hard-to-beat 6.25% V APR, on purchases and BT...the best of both worlds in terms of APR and rewards, in MHO

https://www.firstnational.com/common/shared/amex/amex_march_landing.html?ecid=150204OMACRD0073PTMMS1NAA

Re: Ditch Cap one for Citi DC?

Sharingan — Wed, 03 Jun 2015 20:59:34 GMT

@Callandra wrote:
@Sharingan wrote:
I don't see why anyone wouldn't get the DC over the QS if they are able to and considering the change. Yes, it is "just" .5% more, but doesn't that argument also apply to the QS being better than the many basic 1% cash-back cards? As for the 1+1 reward structure, you are -supposed- to be paying your credit card bills anyway, so I don't see why that would be a deterrent.
I think kdm nailed this one: QS has no FTF, can redeem at any amount at any time, points post with the transaction posting, and there's also a sign-up bonus for those who care. You also have a better chance with a higher limit and lower APR with QS over Double Cash. I want a QS for the reasons above; I have no interest in Double Cash.

Personally, I don't see the no FTF and being able to redeem at any amount being worth the .5% cash back penalty. I also don't have an issue waiting for certain thresholds before redeeming rewards, so I guess that's where we'll have to disagree. Lastly, Citi offered me a much better interest rate on the DC than what CapOne offered on the QS (12.99 vs 16.9), so I'm definitely an exception to that claim.

Re: Ditch Cap one for Citi DC?

JHex2 — Wed, 03 Jun 2015 23:07:43 GMT

I have both, and I pretty much use the Citi Double Cash all the time for non-category spending. The Quicksilver is my oldest account so I dont really want to close it. I use it when I go out of the country as the no FTF comes in handy. Unfortunately I don't qualify for a CLI on the QS because I never put much spend on it.

I recommend getting the Double Cash if you want to juice your CB that extra little bit, and closing the QS if it's not your oldest account, and if you plan on keeping the CSP. Otherwise it's always good to have a no FTF card for emergencies.

Re: Ditch Cap one for Citi DC?

amakol — Wed, 03 Jun 2015 23:42:34 GMT

Double Cash is the best cash back card on the market right now. It's uncontested. I think it'll need nerfing unless a lot of people pay financing charges.

2% is double the improvement over 1.5% when compared to the dime-a-dozen 1% credit card, it's direct cash instead of the Fidelity Amex investment accounts and it's on unlimited general spending. The rewards post with each statement - this is standard with many other issuers. I don't consider it delayed if Barclays/Cap One are faster.

The only advantage for QS is no FTF. This would make it a good backup for times when you're out of the country but for domestic spending, DC can't be beat in the cash back category.

Re: Ditch Cap one for Citi DC?

lvallejox — Thu, 04 Jun 2015 00:08:44 GMT

Con about Citi DC is the cash back program. They update your cash back every month instead of within 24hrs like Quickone. I have both, .5% does make a difference overtime.

Re: Ditch Cap one for Citi DC?

Callandra — Thu, 04 Jun 2015 00:18:33 GMT

@Sharingan wrote:
@Callandra wrote:
@Sharingan wrote:
I don't see why anyone wouldn't get the DC over the QS if they are able to and considering the change. Yes, it is "just" .5% more, but doesn't that argument also apply to the QS being better than the many basic 1% cash-back cards? As for the 1+1 reward structure, you are -supposed- to be paying your credit card bills anyway, so I don't see why that would be a deterrent.
I think kdm nailed this one: QS has no FTF, can redeem at any amount at any time, points post with the transaction posting, and there's also a sign-up bonus for those who care. You also have a better chance with a higher limit and lower APR with QS over Double Cash. I want a QS for the reasons above; I have no interest in Double Cash.
Personally, I don't see the no FTF and being able to redeem at any amount being worth the .5% cash back penalty. I also don't have an issue waiting for certain thresholds before redeeming rewards, so I guess that's where we'll have to disagree. Lastly, Citi offered me a much better interest rate on the DC than what CapOne offered on the QS (12.99 vs 16.9), so I'm definitely an exception to that claim.

If DC works for you, that's great! I was just trying to explain to you how for other people QS is a better fit since you said you didn't know why anyone would pick QS over DC. No biggie.

Re: Ditch Cap one for Citi DC?

Sharingan — Thu, 04 Jun 2015 00:47:11 GMT

@Callandra wrote:
@Sharingan wrote:
@Callandra wrote:
@Sharingan wrote:
I don't see why anyone wouldn't get the DC over the QS if they are able to and considering the change. Yes, it is "just" .5% more, but doesn't that argument also apply to the QS being better than the many basic 1% cash-back cards? As for the 1+1 reward structure, you are -supposed- to be paying your credit card bills anyway, so I don't see why that would be a deterrent.
I think kdm nailed this one: QS has no FTF, can redeem at any amount at any time, points post with the transaction posting, and there's also a sign-up bonus for those who care. You also have a better chance with a higher limit and lower APR with QS over Double Cash. I want a QS for the reasons above; I have no interest in Double Cash.
Personally, I don't see the no FTF and being able to redeem at any amount being worth the .5% cash back penalty. I also don't have an issue waiting for certain thresholds before redeeming rewards, so I guess that's where we'll have to disagree. Lastly, Citi offered me a much better interest rate on the DC than what CapOne offered on the QS (12.99 vs 16.9), so I'm definitely an exception to that claim.
If DC works for you, that's great! I was just trying to explain to you how for other people QS is a better fit since you said you didn't know why anyone would pick QS over DC. No biggie.

Actually, that's not quite accurate. I was referring to those considering changing from QS to DC (like the OP), not just "anyone." They wouldn't be considering ditching the QS if they were completely satisfied with what it offered over the DC. But yes, no biggie.

Re: Ditch Cap one for Citi DC?

Man-Of-Steel — Thu, 04 Jun 2015 01:03:59 GMT

@Callandra wrote:
@Sharingan wrote:
I don't see why anyone wouldn't get the DC over the QS if they are able to and considering the change. Yes, it is "just" .5% more, but doesn't that argument also apply to the QS being better than the many basic 1% cash-back cards? As for the 1+1 reward structure, you are -supposed- to be paying your credit card bills anyway, so I don't see why that would be a deterrent.
I think kdm nailed this one: QS has no FTF, can redeem at any amount at any time, points post with the transaction posting, and there's also a sign-up bonus for those who care. You also have a better chance with a higher limit and lower APR with QS over Double Cash. I want a QS for the reasons above; I have no interest in Double Cash.

For a while, I had considered adding the DC to my lineup, but I'm no longer interested. When I took a close look at the numbers, I realized that the amount that I spend on non-category items won't amount to much when comparing 1.5% to 2%. And when you factor in the QS bonus that Callandra mentioned above, the DC has even less of an edge in my case. This might be a totally different story if I was more of a 'big spender'. Plus, I have the Venture now and the Discover double cash back deal, so the DC is a moot point for me at the moment.

In order for me to give more interest to a card like the DC again, there would have to be nice sign up bonus. The difference between 1.5% and 2% for my spend level just isn't significant enough. I need more of an incentive to add a new card like this.