topic Re: Combining two quicksilver one cards in Credit Cards

Combining two quicksilver one cards

Anonymous — Fri, 02 Oct 2015 00:30:56 GMT

I see some people have two quicksilver one cards and combined them into one. Does that increase your credit line? Also, why wouldn’t capital one just increase your credit line to save you the trouble of applying for two cards. Sorry new to this. How long do you normally wait before combining the cards? I currently have two cards a secured one (which you can’t combine) and a quicksilver one.

Re: Combining two quicksilver one cards

DeeBee78 — Fri, 02 Oct 2015 00:49:56 GMT

@Anonymous wrote:
I see some people have two quicksilver one cards and combined them into one. Does that increase your credit line? Also, why wouldn’t capital one just increase your credit line to save you the trouble of applying for two cards. Sorry new to this. How long do you normally wait before combining the cards? I currently have two cards a secured one (which you can’t combine) and a quicksilver one.

Does it increase your credit line?

Yes, and no. It increases the limit of the card you're transferring to, but it closes the donor card. For example, if you have two Quicksilver cards with $1,000 limits and you combine them, you will have one card with a $2,000 limit when you're done.

Why won't Capital One increase your credit line to save you the trouble of applying for two cards?
Capital One used to be very stingy with CLI's and only very recently started allowing you to combine cards, so that is why you see members with multiple cards.

How long do you wait before combining the cards?

Each person is different. Some people would rather have the two separate trade lines, and some people would rather have one combined limit. I personally am waiting one more week for my (hopeful) 6 month CLI's to kick in, then I will combine them. Additionally, you have several requirements that need to be met before you can even request the accounts be combined, one of those being the accounts are at least 6 months old.

Re: Combining two quicksilver one cards

Anonymous — Fri, 02 Oct 2015 00:55:49 GMT

Got ya. Thank you for the education. I may apply for another quicksilver one card now.

Re: Combining two quicksilver one cards

Anonymous — Fri, 02 Oct 2015 01:28:09 GMT

@Anonymous wrote:
Got ya. Thank you for the education. I may apply for another quicksilver one card now.

Well I would hold your horses. What are your scores and inquiries? Have you checked for prequal?

The reason you see so many folks with duplicate cards is because of Capital One itself. They encourage bad behavior. Instead of letting a person get a cli on a product they already have. This keeps the consumer in their place, so to speak. To the point where fewer lendors will extend credit. It isolates the person to capital one.

Not to mention enduring a triple inquiry each time. Now... if you have fair but not excellent credit...and this is something you need...and maybe your current quicksilver has a really high APR and they wont lower it... then maybe I would consider it. If you have fair/good scores... I would wait another month or two because they are releasing a new product. This way you could endure the triple hit, grab a QS and the new product.

Why do you need the higher CL? Are you unable to PIF weekly? Have you tried using your qs exclusively? I have been stuck at 3500 since june. Cant complain as it was a 1k card opened in december 2014.

I do like capital one though. Hats off to them. They extend credit when others wont. And they back up their limits.... when other banks will balance chase, capital one does not.

Re: Combining two quicksilver one cards

UncleB — Fri, 02 Oct 2015 02:56:21 GMT

@DeeBee78 wrote:
@Anonymous wrote:
I see some people have two quicksilver one cards and combined them into one. Does that increase your credit line? Also, why wouldn’t capital one just increase your credit line to save you the trouble of applying for two cards. Sorry new to this. How long do you normally wait before combining the cards? I currently have two cards a secured one (which you can’t combine) and a quicksilver one.

Does it increase your credit line?
Yes, and no. It increases the limit of the card you're transferring to, but it closes the donor card. For example, if you have two Quicksilver cards with $1,000 limits and you combine them, you will have one card with a $2,000 limit when you're done.

Why won't Capital One increase your credit line to save you the trouble of applying for two cards?
Capital One used to be very stingy with CLI's and only very recently started allowing you to combine cards, so that is why you see members with multiple cards.

How long do you wait before combining the cards?
Each person is different. Some people would rather have the two separate trade lines, and some people would rather have one combined limit. I personally am waiting one more week for my (hopeful) 6 month CLI's to kick in, then I will combine them. Additionally, you have several requirements that need to be met before you can even request the accounts be combined, one of those being the accounts are at least 6 months old.

Everybody has a slightly different 'story' as to how they got where they are with Capital One. Here's my reasoning for having two, and my plans for my own Capital One cards going forward...

I have a Quicksilver One MasterCard that is eight years old. It was previously a HSBC/Orchard Bank card that was purchased by Capital One a few years back. They 'nerfed' my cash rewards from 2% to the Quicksilver's 1.5%, but they kept the same legacy annual fee of $79 (ouch). On the plus side, it's one of my oldest accounts, and the APR is 14.9%, which is low relative to my other cards. The credit line was 'stranded' for years at $720 until spring 2014, when I got a $1k CLI. I've since received a $200 CLI and in May 2015 they gave another $1k CLI, making the credit line $2920. (As a data point, the odd credit line is due to my very first CLI being $20... seriously).

Knowing I would have higher utilization for a few months, needed a 'cushion' so I checked the Capital One pre-qual site back in March and it said I was pre-qualified for a Quicksilver Visa, a Venture, or a Platinum MC with no AF. I chose the Quicksilver Visa, and it was approved for $5k. A couple of months later I used the 'button' and got a $2k CLI, making the new credit line $7k.

So, in my case I now have two Quicksilver cards, a MasterCard and a Visa.

Back to your question... I've been trying the last couple of years to get Capital One to waive the AF on my MasterCard but the best they'll do is waive half of it, which makes the fee still more than someone would pay for a brand new QS1. I keep 'holding my nose' and doing this each time, but now that there's an option to merge the accounts I can move my MasterCard's limit to the no-annual fee Visa, and still have the same available credit. My personal preference would be to just keep both cards (and the lengthy history on the MC) but if they can't do something about the AF I will be moving the credit line and closing the MC, even though it has the lower APR (I don't carry a balance so I'm not super-sensitive to APR at this time).

If you 'comb' the threads, you'll find other stories similar to mine, each a little different but with similar reasoning. Getting an additional Capital One card can also be a good plan if you're pre-qualified for a card with a lower APR than the card(s) you already have... you get the new, lower APR card, and in six months roll your old, higher-APR card's limit into the new, lower APR one. Once my last two 'baddies' are off my reports next summer, I might consider taking advantage of this myself. I generally PIF, but for those times where you must carry a balance having a low APR is helpful. Of course, each Capital One application entails a HP on each bureau, so you have to really make it count. (As a note, Capital One is not known for lowering APRs without serious effort, thus this method).

Hopefully some of this will help explain how folks got multiple Capital One cards, and why the 'merge' feature is such a big deal!

Side note - Some of you might think I would have been better off back in March to get the Venture instead of the QS, and I agree... but that's a topic for another thread.

Re: Combining two quicksilver one cards

Anonymous — Fri, 02 Oct 2015 03:09:28 GMT

My scores are in the low 600s. Currently, I have 2 H/I with one secured cap 1 card and the other being the qs1 card. I put around 2000 a month through the card and PIF weekly. It would just make life easier if they increased my CL thats all. Its more of a need than a want. I never carry a balance

Re: Combining two quicksilver one cards

Anonymous — Fri, 02 Oct 2015 03:11:28 GMT

Thank you that does help

Re: Combining two quicksilver one cards

bk510 — Sat, 03 Oct 2015 00:40:30 GMT

@DeeBee78 wrote:
@Anonymous wrote:
I see some people have two quicksilver one cards and combined them into one. Does that increase your credit line? Also, why wouldn’t capital one just increase your credit line to save you the trouble of applying for two cards. Sorry new to this. How long do you normally wait before combining the cards? I currently have two cards a secured one (which you can’t combine) and a quicksilver one.

Does it increase your credit line?
Yes, and no. It increases the limit of the card you're transferring to, but it closes the donor card. For example, if you have two Quicksilver cards with $1,000 limits and you combine them, you will have one card with a $2,000 limit when you're done.

Why won't Capital One increase your credit line to save you the trouble of applying for two cards?
Capital One used to be very stingy with CLI's and only very recently started allowing you to combine cards, so that is why you see members with multiple cards.

How long do you wait before combining the cards?
Each person is different. Some people would rather have the two separate trade lines, and some people would rather have one combined limit. I personally am waiting one more week for my (hopeful) 6 month CLI's to kick in, then I will combine them. Additionally, you have several requirements that need to be met before you can even request the accounts be combined, one of those being the accounts are at least 6 months old.

Can you combine QS1 MC limit to QS Visa platinum? or does it have to be mc to mc?

Re: Combining two quicksilver one cards

bk510 — Sat, 03 Oct 2015 00:42:16 GMT

@Anonymous wrote:
@Anonymous wrote:
Got ya. Thank you for the education. I may apply for another quicksilver one card now.
Well I would hold your horses. What are your scores and inquiries? Have you checked for prequal?

The reason you see so many folks with duplicate cards is because of Capital One itself. They encourage bad behavior. Instead of letting a person get a cli on a product they already have. This keeps the consumer in their place, so to speak. To the point where fewer lendors will extend credit. It isolates the person to capital one.

Not to mention enduring a triple inquiry each time. Now... if you have fair but not excellent credit...and this is something you need...and maybe your current quicksilver has a really high APR and they wont lower it... then maybe I would consider it. If you have fair/good scores... I would wait another month or two because they are releasing a new product. This way you could endure the triple hit, grab a QS and the new product.

Why do you need the higher CL? Are you unable to PIF weekly? Have you tried using your qs exclusively? I have been stuck at 3500 since june. Cant complain as it was a 1k card opened in december 2014.

I do like capital one though. Hats off to them. They extend credit when others wont. And they back up their limits.... when other banks will balance chase, capital one does not.

I tend to agree....

Re: Combining two quicksilver one cards

UncleB — Sat, 03 Oct 2015 02:07:46 GMT

@bk510 wrote:
@DeeBee78 wrote:
@Anonymous wrote:
I see some people have two quicksilver one cards and combined them into one. Does that increase your credit line? Also, why wouldn’t capital one just increase your credit line to save you the trouble of applying for two cards. Sorry new to this. How long do you normally wait before combining the cards? I currently have two cards a secured one (which you can’t combine) and a quicksilver one.

Does it increase your credit line?
Yes, and no. It increases the limit of the card you're transferring to, but it closes the donor card. For example, if you have two Quicksilver cards with $1,000 limits and you combine them, you will have one card with a $2,000 limit when you're done.

Why won't Capital One increase your credit line to save you the trouble of applying for two cards?
Capital One used to be very stingy with CLI's and only very recently started allowing you to combine cards, so that is why you see members with multiple cards.

How long do you wait before combining the cards?
Each person is different. Some people would rather have the two separate trade lines, and some people would rather have one combined limit. I personally am waiting one more week for my (hopeful) 6 month CLI's to kick in, then I will combine them. Additionally, you have several requirements that need to be met before you can even request the accounts be combined, one of those being the accounts are at least 6 months old.
Can you combine QS1 MC limit to QS Visa platinum? or does it have to be mc to mc?

Yep, they don't care if it's MC or Visa. So far the one thing we (think) we've figured out is that Capital One co-branded cards seem to not be eligible (the GM Card, Sony Card, etc.)

Lots of folks have moved/merged across the MC/V brands. My own two cards, one MC and one Visa, show online to be eligible for merging as well.

Re: Combining two quicksilver one cards

Anonymous — Sat, 03 Oct 2015 02:58:53 GMT

@Anonymous wrote:
Got ya. Thank you for the education. I may apply for another quicksilver one card now.

I believe you are limited to 2 cards when you have their cards aimed at lower credit individuals. I read somewhere else in the forum that they cap you at 5 cards for good/excellent credit. But folks with their lower tiered cards are limited to 2 cards. Its supposed to be in the fine print of the disclosures for the QS 1 and secured cards. It's possibly in their standard fine print.

Re: Combining two quicksilver one cards

bk510 — Sat, 03 Oct 2015 11:08:41 GMT

@UncleB wrote:
@bk510 wrote:
@DeeBee78 wrote:
@Anonymous wrote:
I see some people have two quicksilver one cards and combined them into one. Does that increase your credit line? Also, why wouldn’t capital one just increase your credit line to save you the trouble of applying for two cards. Sorry new to this. How long do you normally wait before combining the cards? I currently have two cards a secured one (which you can’t combine) and a quicksilver one.

Does it increase your credit line?
Yes, and no. It increases the limit of the card you're transferring to, but it closes the donor card. For example, if you have two Quicksilver cards with $1,000 limits and you combine them, you will have one card with a $2,000 limit when you're done.

Why won't Capital One increase your credit line to save you the trouble of applying for two cards?
Capital One used to be very stingy with CLI's and only very recently started allowing you to combine cards, so that is why you see members with multiple cards.

How long do you wait before combining the cards?
Each person is different. Some people would rather have the two separate trade lines, and some people would rather have one combined limit. I personally am waiting one more week for my (hopeful) 6 month CLI's to kick in, then I will combine them. Additionally, you have several requirements that need to be met before you can even request the accounts be combined, one of those being the accounts are at least 6 months old.
Can you combine QS1 MC limit to QS Visa platinum? or does it have to be mc to mc?
Yep, they don't care if it's MC or Visa. So far the one thing we (think) we've figured out is that Capital One co-branded cards seem to not be eligible (the GM Card, Sony Card, etc.)

Lots of folks have moved/merged across the MC/V brands. My own two cards, one MC and one Visa, show online to be eligible for merging as well.

Thanks, Uncle

Re: Combining two quicksilver one cards

bk510 — Sat, 03 Oct 2015 11:11:50 GMT

@bk510 wrote:
@UncleB wrote:
@bk510 wrote:
@DeeBee78 wrote:
@Anonymous wrote:
I see some people have two quicksilver one cards and combined them into one. Does that increase your credit line? Also, why wouldn’t capital one just increase your credit line to save you the trouble of applying for two cards. Sorry new to this. How long do you normally wait before combining the cards? I currently have two cards a secured one (which you can’t combine) and a quicksilver one.

Does it increase your credit line?
Yes, and no. It increases the limit of the card you're transferring to, but it closes the donor card. For example, if you have two Quicksilver cards with $1,000 limits and you combine them, you will have one card with a $2,000 limit when you're done.

Why won't Capital One increase your credit line to save you the trouble of applying for two cards?
Capital One used to be very stingy with CLI's and only very recently started allowing you to combine cards, so that is why you see members with multiple cards.

How long do you wait before combining the cards?
Each person is different. Some people would rather have the two separate trade lines, and some people would rather have one combined limit. I personally am waiting one more week for my (hopeful) 6 month CLI's to kick in, then I will combine them. Additionally, you have several requirements that need to be met before you can even request the accounts be combined, one of those being the accounts are at least 6 months old.
Can you combine QS1 MC limit to QS Visa platinum? or does it have to be mc to mc?
Yep, they don't care if it's MC or Visa. So far the one thing we (think) we've figured out is that Capital One co-branded cards seem to not be eligible (the GM Card, Sony Card, etc.)

Lots of folks have moved/merged across the MC/V brands. My own two cards, one MC and one Visa, show online to be eligible for merging as well.
Thanks, Uncle

That's a bummer about their co-branded cards.....I was hoping to dump(move the limit) the Sony Card.

Re: Combining two quicksilver one cards

Anonymous — Sat, 03 Oct 2015 11:51:50 GMT

Also you must have a zero balance on the card you want to transfer

Re: Combining two quicksilver one cards

UncleB — Sat, 03 Oct 2015 22:45:05 GMT

@bk510 wrote:

That's a bummer about their co-branded cards.....I was hoping to dump(move the limit) the Sony Card.

Don't give up completely... so far, there hasn't been anything 'official' ruling out the merging of a co-branded account, it's just that anecdotally folks haven't been able get it to work, and it's assumed that being co-branded is the problem.

As we all know, this could change at any time... and this is one instance where a 'change' would be positive!

Re: Combining two quicksilver one cards

Rebuilding69 — Sat, 03 Oct 2015 22:58:58 GMT

So if I have the QS1 & Platinum MC cards, both over 6 months now, does this mean I can't get anymore Cap1 cards period until I combine these & then qualify for another Cap1 card of some type? I was hoping to keep these both for at least a year to get 2x cLI's every 6 months hopefully, then combine them later. I'm trying to catch up to my NFCU $6500 card after combining my 2 Cap1 cards, but am only at $3300 total between the 2 cards so far(just got out of the steps program today on both).

Re: Combining two quicksilver one cards

Anonymous — Sat, 03 Oct 2015 23:13:17 GMT

I spoke to Cap1 EO who advised me you can have up to 5 accounts. It didn't matter if they were starter cards or premium cards. I just got approved (today) for QS Visa. So now I have a total of 3. A secured card, QS1, and QS Visa. Hope this helps.

Re: Combining two quicksilver one cards

Rebuilding69 — Sat, 03 Oct 2015 23:16:34 GMT

That does help. Thanks!

Re: Combining two quicksilver one cards

DeeBee78 — Mon, 05 Oct 2015 17:07:22 GMT

@Anonymous wrote:
I spoke to Cap1 EO who advised me you can have up to 5 accounts. It didn't matter if they were starter cards or premium cards. I just got approved (today) for QS Visa. So now I have a total of 3. A secured card, QS1, and QS Visa. Hope this helps.

5 cards total, but only two of those cards can be the sub-prime cards (Platinum, QS1, and Secured). If you were to apply for another QS1 or a platinum card, you would be declined.