topic Re: Capital One Pre-qual question in Credit Cards

Capital One Pre-qual question

Anonymous — Wed, 19 Aug 2015 11:47:30 GMT

I have a secured card from Capital One that I would like to get rid of. Pre-qual site says I can get a Capital One Premier card. If I get that card can I balance transfer my secured card and close that account? Will it hurt my score? Hoping for a higher limit card.

Re: Capital One Pre-qual question

Anonymous — Wed, 19 Aug 2015 11:57:37 GMT

from capital one Website. "You will not be able to transfer a balance from another account issued or acquired by Capital One or any of its affiliates or subsidiaries." there is also an option where you can combine two Cap one cards.

Re: Capital One Pre-qual question

Anonymous — Wed, 19 Aug 2015 12:05:15 GMT

@Anonymous wrote:
from capital one Website. "You will not be able to transfer a balance from another account issued or acquired by Capital One or any of its affiliates or subsidiaries." there is also an option where you can combine two Cap one cards.

So I can NOT balance transfer but I can combine them?

Re: Capital One Pre-qual question

Anonymous — Wed, 19 Aug 2015 12:05:45 GMT

Will it be a HP?

Re: Capital One Pre-qual question

jacetx — Wed, 19 Aug 2015 13:48:39 GMT

To combine it won't be a HP, but you will not be able to merge a new account. It has to be older than 6 months, one of the cards $0 balance (in this case it would have to be your secured since it is the one you want to get rid of), no pending transactions.

Re: Capital One Pre-qual question

OmarGB9 — Wed, 19 Aug 2015 13:47:26 GMT

When you say balance transfer, you mean transfer money you owe from one account to another? Or did you mean transfer the *limit* from one account to another?

Re: Capital One Pre-qual question

ddemari — Wed, 19 Aug 2015 16:08:29 GMT

OP- banks don't let you balance transfer credit balances from one of their products to another. you need to b/t with a different lender or wait until they send you the balance transfer checks, then you write the check to yourself, depsoit it and pay off the cc from your checking account.

Re: Capital One Pre-qual question

Anonymous — Wed, 19 Aug 2015 16:55:16 GMT

I get it. This is all kind of new to me. I went ahead and did a chat with them and they told me that I can not combine a secured with an unsecured. I decided not to app for the Premier card right now (unsecured). I hit the luv button on my QS1 and they gave me a 1K cli. This is good for me since a year ago I had zero credit and 18 baddies! Just trying to figure out what to do with the secured card without hurting my credit any. Thanks for the responses.

Re: Capital One Pre-qual question

Anonymous — Wed, 19 Aug 2015 17:04:11 GMT

FYI

I did this and have a thread somewhere.

I trasnfered a $2k balance from my Venture to my QS. Cap1 had to send me a check, i deposited into my chase then paid off the $2k on the venture. You can b/t from a cap1 product to another IF you have the offer on your log in.

Re: Capital One Pre-qual question

Anonymous — Wed, 19 Aug 2015 17:32:30 GMT

I thought we weren't able to combine secured cards?

Re: Capital One Pre-qual question

SLO805 — Wed, 19 Aug 2015 17:42:43 GMT

@Anonymous wrote:
I thought we weren't able to combine secured cards?

^^^ OP clarified/confirmed. In case you missed it, you cant I closed out my 1800$ secured last week, they applied my deposit towards the account now showing -1700$ and supposed to mail me a check for the over payment...waiting.

Re: Capital One Pre-qual question

Anonymous — Wed, 19 Aug 2015 17:51:57 GMT

@SLO805 wrote:
@Anonymous wrote:
I thought we weren't able to combine secured cards?
^^^ OP clarified/confirmed. In case you missed it, you cant I closed out my 1800$ secured last week, they applied my deposit towards the account now showing -1700$ and supposed to mail me a check for the over payment...waiting.

Thanks! I did miss that post. I have a bad habit of responding to posts without reading all the way through the thread first I keep telling myself to stop doing that, but old habits are hard to break

Re: Capital One Pre-qual question

Anonymous — Sat, 22 Aug 2015 02:48:04 GMT

yes you can combine them which will close one of the cards. keep in mind you cannot combine a secured card with an insecured. is not allowed.

Re: Capital One Pre-qual question

Anonymous — Sat, 22 Aug 2015 02:48:33 GMT

no you cannot. only unsecured