topic Re: Closing and Consolidating in Credit Cards

Closing and Consolidating

Santi78342 — Thu, 09 Jul 2015 03:04:44 GMT

In light of Capital One now consolidating limits, I decided to go ahead and close and consolidate a couple of other cards.

- Closed my $5k Aviator and rolled into my $7k Sallie Mae for a new $12k limit. No HP needed.

- Closed my $3.5k AARP and rolled $3k of it into my $6k CSP for a new $9k limit. No HP needed.

My Venture is eligible to be consolidated in exactly one month. I am torn between rolling it's limit into my QS WMC, or rolling my QS into my Venture and then PCing to a QS VS.

Decisions, decision..

My Double Cash is a WMC so maybe it would be better to have the Visa Signature as a back up..

Anyways, does Citi require a HP to consolidate limits? I will more than likely close my TYP and roll it's limit into my Double Cash next year when the AF comes due.

Re: Closing and Consolidating

Anonymous — Thu, 09 Jul 2015 03:08:37 GMT

@Santi78342 wrote:
In light of Capital One now consolidating limits, I decided to go ahead and close and consolidate a couple of other cards.

- Closed my $5k Aviator and rolled into my $7k Sallie Mae for a new $12k limit. No HP needed.
- Closed my $3.5k AARP and rolled $3k of it into my $6k CSP for a new $9k limit. No HP needed.

My Venture is eligible to be consolidated in exactly one month. I am torn between rolling it's limit into my QS WMC, or rolling my QS into my Venture and then PCing to a QS VS.

Decisions, decision..

My Double Cash is a WMC so maybe it would be better to have the Visa Signature as a back up..

Anyways, does Citi require a HP to consolidate limits? I will more than likely close my TYP and roll it's limit into my Double Cash next year when the AF comes due.

I've seen here several people report that Citi does require an HP to consolidate limits. I'd just give them a call and find out. I'm interested in that was well for my consolidation plans in a month or so.

Re: Closing and Consolidating

Anonymous — Thu, 09 Jul 2015 03:19:17 GMT

I am curious on this too. I called last September about combining my Dividend, TY Preferred, and Double Cash. Was not cannot do that. I had looked at others as well and they also had no luck. Perhaps Citi has started as well? Maybe more a YMMV?

Re: Closing and Consolidating

jacetx — Thu, 09 Jul 2015 11:40:01 GMT

I'm curious. You say that your Venture is elegible to be consolidated? As far as I know Capital One does not consolidate cards.

Re: Closing and Consolidating

Santi78342 — Thu, 09 Jul 2015 11:42:33 GMT

Capital One started allowing it on 7/7/2015. They removed the link to do it on 7/8/2015, but hopefully only to fix bugs and hopefully it will come back. Eligible cards need to be open 6 months and my Venture turns 6 months next month.

http://ficoforums.myfico.com/t5/Credit-Cards/Capital-One-Credit-Line-Consolidation/td-p/4113430

I know you cannot convert card networks. I am pondering keeping my $6k Quicksilver WMC and rolling my $10k Venture VS into it or vice versa. It's just a matter of which card network I would like to keep.

Re: Closing and Consolidating

jacetx — Thu, 09 Jul 2015 12:35:15 GMT

Wow! Thanks for the link. I have 3 capital one cards that have been opened for years and I will be consolidating soon :-)