topic Re: Capital one (combining question) in Credit Cards

Capital one (combining question)

niecey89 — Wed, 08 Oct 2008 19:20:31 GMT

What were your balances or utils on both cards when you combined them?

I have 2 Capital one accounts that I want to combine. I was thinking 6 months from now when the balances are lower.

Cap1 - 2500 bal 2400 (19.90% no AF) ......this started out at 500 w/AF
Cap2 - 500 bal 400 (14.15% w/AF)

I have had both since 2006, would it be better to wait the 6 months or try to combine now ?

Message Edited by niecey89 on 10-08-2008 03:20 PM

Re: Capital one (combining question)

Anonymous — Wed, 08 Oct 2008 20:52:35 GMT

Don't think this will help much, but I when I combined mine I had 3 all with 0 balances.

As far as waiting to combine, the only downside I can see is paying the extra interest on the $400. But then again, if your AF hits before you transfer, that may make up for it. Your utilization will stay the same so you don't have to worry about that aspect at all as far as I can tell.

Re: Capital one (combining question)

niecey89 — Thu, 09 Oct 2008 00:12:24 GMT

Thanks JR2475, I have been contemplating for weeks if I should call them or not. I am afraid they will say no or pull another inquiry on my report (as you can see by my scores, I do not need that). I have been paying them on time every month.

Re: Capital one (combining question)

Anonymous — Thu, 09 Oct 2008 00:46:02 GMT

I would combine with the balances. I combined with balance at 1500 cl 1750 and 2000 out of 2500 and the nice the lady in customer added a cli of 500 when she combined the two cards. My current limit is 6k. I have a post out there somewhere. I love cap 1.

Re: Capital one (combining question)

niecey89 — Thu, 09 Oct 2008 01:20:09 GMT

Prettywise, i read your post about the Cap1 CLI congrats that was major. I will try them this weekend after my next payment post and see what they say. Keeping my fingers crossed

Re: Capital one (combining question)

Anonymous — Thu, 09 Oct 2008 03:02:20 GMT

I had a samll balance <100 on the older card I was combining too-

Capone didn't report the other account closed - and after 9 months it stopped being included in UTL scoring, so I disputed it closed. (if the 90 would have disappeared I would not have been bothered)

An extra $4k is UTL was great while it lasted.

Re: Capital one (combining question)

niecey89 — Thu, 09 Oct 2008 13:33:40 GMT

Timothy,

That is one of the reasons I was afraid to combine because of problems like that. When you disputed it, did your scores decrease or increase?

Re: Capital one (combining question)

Anonymous — Thu, 09 Oct 2008 13:52:40 GMT

niecey89 wrote:
Timothy,

That is one of the reasons I was afraid to combine because of problems like that. When you disputed it, did your scores decrease or increase?

No change as it was already not being included in UTL-

Re: Capital one (combining question)

niecey89 — Thu, 09 Oct 2008 17:52:54 GMT

Is it better to use the backdoor number posted here or call the regular customer service number?

Re: Capital one (combining question)

Anonymous — Sun, 19 Oct 2008 17:53:37 GMT

Use the BD-

Having them not update the old account was great- (until it quit counting in UTL by FICO) then I disputed it closed-

Re: Capital one (combining question)

niecey89 — Sun, 19 Oct 2008 18:35:18 GMT

Thanks Timothy

Re: Capital one (combining question)

niecey89 — Tue, 21 Oct 2008 01:38:08 GMT

wow, it is 9:37pm est. i am on the phone with capital one (backdoor#) to have the accounts combined. Julia the CSR seems a little annoyed because it is a long process. I will update in a few minutes when she is done.

Re: Capital one (combining question)

niecey89 — Tue, 21 Oct 2008 01:54:54 GMT

ok there is the update they combined the account to the one with the lower APR and *bleeping* AF. They did not give me an CLI which i am ok with. at least i will have one bill from CAP1. So now my my credit as follows: (do not yell at me MODS)

Walmart 19.87% $330 (received letter 10/20/2008 about CLD of $80..was $410) - bal $187
Target 20.99% $ 200 bal $148
Capital one 14.15% $3000 Bal $2811 (just combined 10/20/2008) AF$29
Upromise Citi 14.99% $2800 Bal $2585
Orchard Bank 14.90% $500 bal $300

Ikea 19.90% $300 bal 0
Children's Place 21.96% $250 bal 0
Avenue 22.80% $470 bal 0

Yes I know i have high balances, but the ones under $300 will be paid off by the end of the year. The High Balance ones will get a big payment at tax time. I do not carry my cards with me unless i really need them. All of these accounts are paid on time and also over paid $5-10 depending on budget. I feel better now that i combined the CAP1s into one account.

Message Edited by niecey89 on 10-20-2008 09:54 PM

Re: Capital one (combining question)

Anonymous — Tue, 21 Oct 2008 09:57:53 GMT

I had the same question...I had 2 cap1's with a CL of $500 both almost maxed and I combined them to the lower APR one of 5.56%. balances dont matter if u want to combine.

Re: Capital one (combining question)

niecey89 — Tue, 21 Oct 2008 13:04:10 GMT

I was shocked as well but with all the CLDs going on, I wonder if CAp1 will follow suit. Right now Cap1 (with the combo) is the highest limit I have in all my cards

Re: Capital one (combining question)

Anonymous — Tue, 21 Oct 2008 18:55:00 GMT

The backdoor number is definately useful. I called today and combined the new card ($750 CL, 0AF, 0% APR until Oct 2009) with the old card ($1100 CL, 39AF, 14.15% APR).

So I got rid of the AF and have a pretty good interest rate for the next year and I think after that it is still 12-13%.

They say it takes up to 14 business days for the process to be completed then I would get a confirmation in the mail....

Re: Capital one (combining question)

niecey89 — Tue, 21 Oct 2008 19:04:39 GMT

@Anonymous wrote:
The backdoor number is definately useful. I called today and combined the new card ($750 CL, 0AF, 0% APR until Oct 2009) with the old card ($1100 CL, 39AF, 14.15% APR).

So I got rid of the AF and have a pretty good interest rate for the next year and I think after that it is still 12-13%.

They say it takes up to 14 business days for the process to be completed then I would get a confirmation in the mail....

Yes the rep gave me the same speech about the 14 days. Still pay accounts until the otehr is closed ..blah blah blah. She was not the most friend rep until the end of the conversation

Re: Capital one (combining question)

Anonymous — Wed, 22 Oct 2008 16:43:49 GMT

Yeah, their CS Reps are definitely not happy-campers.

DH combined his 2 Cap1 cards last night, and the guy was just rude.

Re: Capital one (combining question)

laz98 — Wed, 22 Oct 2008 17:16:55 GMT

@Anonymous wrote:
Yeah, their CS Reps are definitely not happy-campers.

DH combined his 2 Cap1 cards last night, and the guy was just rude.

wow, that sucks! i hope i don't have to call them much!