topic Do I do this? in Credit Cards

Do I do this?

CreditJim — Sat, 13 Feb 2016 17:02:24 GMT

Only hestitation is the short time the Venture has been open, and any potential AA from Capital One. Does that happen?

Re: Do I do this?

Anonymous — Sat, 13 Feb 2016 17:02:46 GMT

if you have no need for it then go for it. and anyone CAN do AA but they aren't very known for it

Re: Do I do this?

FinStar — Sat, 13 Feb 2016 17:12:55 GMT

@Anonymous wrote:
if you have no need for it then go for it. and anyone CAN do AA but they aren't very known for it

Agree. If you don't want to manage multiple accounts and meets the eligibility criteria to combine them, sure. While Capital One is not imune for AA scenarios (fairly rare), I would highly doubt this would cause much concern as long as your overall profile is in good standing.

Re: Do I do this?

Anonymous — Sat, 13 Feb 2016 17:57:13 GMT

Is this just asking about a product change?

Re: Do I do this?

Anonymous — Sat, 13 Feb 2016 18:04:03 GMT

seems like they're considering combining both cards and closing venture

Re: Do I do this?

Closingracer99 — Sat, 13 Feb 2016 19:01:42 GMT

They offer this? I never got asked but i guess i wasn't eligible when I closed my QS which i now regret but whatever

Re: Do I do this?

Anonymous — Sat, 13 Feb 2016 19:17:27 GMT

it only started like 4-5 months ago again i think

Re: Do I do this?

Anonymous — Sat, 13 Feb 2016 20:03:12 GMT

Is the OP asking about should they close the Venture and move the CL over?

Re: Do I do this?

Bankrupt2019 — Sat, 13 Feb 2016 20:09:04 GMT

I say go for it!

Re: Do I do this?

CreditJim — Sun, 14 Feb 2016 05:06:41 GMT

Yes, I'm trying to consolidate accounts and cut down my number overall. So I'm asking if I should combine the two and close the Venture. Good to hear that AA with Capital One is quite rare. My overall standing is very good. Does an account closed after 7 months on my report look bad?

Re: Do I do this?

NRB525 — Sun, 14 Feb 2016 05:10:29 GMT

What I want to know is, how did you get 6.15% Purchase APR on the QS?

Re: Do I do this?

CreditJim — Sun, 14 Feb 2016 05:13:19 GMT

@NRB525 wrote:
What I want to know is, how did you get 6.15% Purchase APR on the QS?

I have absolutely no idea! It was like that from before I started caring about credit cards, it was my first card. Started out with only a $300 limit. It was actually 5.99% for a long time before the recent rate hike!

Re: Do I do this?

Anonymous — Sun, 14 Feb 2016 05:15:26 GMT

@CreditJim wrote:
@NRB525 wrote:
What I want to know is, how did you get 6.15% Purchase APR on the QS?
I have absolutely no idea! It was like that from before I started caring about credit cards, it was my first card. Started out with only a $300 limit. It was actually 5.99% for a long time before the recent rate hike!

LUCKY DUCK

Re: Do I do this?

TiggerDat — Wed, 17 Feb 2016 01:43:15 GMT

@Anonymous wrote:
@CreditJim wrote:
@NRB525 wrote:
What I want to know is, how did you get 6.15% Purchase APR on the QS?
I have absolutely no idea! It was like that from before I started caring about credit cards, it was my first card. Started out with only a $300 limit. It was actually 5.99% for a long time before the recent rate hike!
LUCKY DUCK

Yes. capone doesn't seem to ever change APRs unless there is a rate hike by the Fed. I have asked for them to lower my interest rate numerous times but all they ever offer me is a temporary 7 month reduction.

Re: Do I do this?

CreditCuriosity — Sun, 14 Feb 2016 20:04:30 GMT

I would combine the lines to the awesome low APR card that you have with Cap1 at 6.x % or whatever it is.. Must of been an old card you pc'ed into a QS. I have one around 10x or 11x apr as well that was quite old, but you beat me by far!

Re: Do I do this?

CreditJim — Sun, 14 Feb 2016 20:49:29 GMT

That account has a colorful history. As I said it was my first card, a Platinum credit-steps style one I think. Started at $300. I wasn't careful with it and went over 120 days late with it for a few months. Paid it off right before it was about to be charged off and sock-drawered it. Many years later when I found this site, I successfully had Cap One remove the lates from it. Then PC'd it to QS. Then PC'd it to Venture to get it upgraded to a World MC. Then PC'd it back to QS. Along the way I got a CLI from the Exec office. Then folded an old Venture's CL into it when that feature became available. I'm thinking perhaps they put me on a low APR when I was reckless with the account and I somehow kept it? I don't know.

Re: Do I do this?

Anonymous — Mon, 15 Feb 2016 00:41:34 GMT

Does 'AA' stand for account adjustment?

Re: Do I do this?

myjourney — Mon, 15 Feb 2016 01:13:17 GMT

@Anonymous wrote:
Does 'AA' stand for account adjustment?

Adverse action

Re: Do I do this?

Anonymous — Mon, 15 Feb 2016 01:23:04 GMT

Yea I have a QS with a 4% APR for SCRA. I'm praying they keep it at that rate forever!
Does anyone with experience with a SCRA rate from Cap One know if they keep it permanantly, or do they go back to regular APR once your contract ends?

Re: Do I do this?

Anonymous — Mon, 15 Feb 2016 02:18:14 GMT

@NRB525 wrote:
What I want to know is, how did you get 6.15% Purchase APR on the QS?

Thats an amazing interest rate!! I would keep it forever!!