topic What is PC mean? in Credit Cards

What is PC mean?

Anonymous — Tue, 06 Oct 2015 05:40:46 GMT

Hi,

I'm not 100% sure what's PC mean and how does it work. Assuming PC is Product Change correct? how does this work? I would like to know more detail about this. Is this the same as combined 2 cards into one? I have 4 cap1 and maybe i would like to PC a card or too...or maybe combine which ever benefit me the most.

Re: What is PC mean?

Anonymous — Tue, 06 Oct 2015 05:48:14 GMT

It's not the same as combining cards into one; that would just be combining credit limits and then closing the zero CL accounts. Product change/conversion is when you have one credit card and switch it for another with the same issuer, usually by talking with a CSR at the credit card company. For example, if you wanted a Quicksilver but didn't want to apply for it, you could PC a QS1 if you have one to the QS. Your QS1 would then be replaced by the QS.

Re: What is PC mean?

Anonymous — Wed, 07 Oct 2015 05:04:54 GMT

@Anonymous wrote:
Hi,

Assuming PC is Product Change correct? how does this work? I would like to know more detail about this. Is this the same as combined 2 cards into one? I have 4 cap1 and maybe i would like to PC a card or too...or maybe combine which ever benefit me the most.

As I understand a product change is only when you take a credit card, for example, I had the Barclay Apple Rewards. I wasn't interested in this card anymore, so I request Barclay to change it to the Rewards card. They accepted and now I no longer have the Barclay Apple Rewards that earns iTunes or Apple products but rather a Barclay Rewards which earn 2X cash back on utilities, gas and groceries.

Re: What is PC mean?

UncleB — Tue, 06 Oct 2015 08:54:02 GMT

@Anonymous wrote:
Hi,

I'm not 100% sure what's PC mean and how does it work. Assuming PC is Product Change correct? how does this work? I would like to know more detail about this. Is this the same as combined 2 cards into one? I have 4 cap1 and maybe i would like to PC a card or too...or maybe combine which ever benefit me the most.

Everybody else has pretty much answered the question, but since you mention you have Capital One cards you might be interesting in PC'ing, i'll just add that when you do a PC your account number will (usually) stay the same, as will the terms (APR, annual fee, etc.).

The one notable 'exception' to this is if you PC a Quicksilver One card to a Quicksilver... that will get you out of paying the annual fee (but will keep the same APR). Actually, the only difference in the QS and QS1 is the annual fee; the rewards are the same.

I'll also add that if you have a card with an AF you can sometimes get it permanently removed without doing a PC, but if the card is a plain 'platinum' you might as well have them PC you to a Quicksilver so you can get the rewards.

Hope this helps!