topic Re: Cap One Platinum PC in Credit Cards

Cap One Platinum PC

Anonymous — Mon, 22 Feb 2016 03:50:23 GMT

I've been seeing this lately. If you ask for the upgraded QS card, is it a soft pull or will this be a hardpull? Because if a hp is the case, I'd rather wait for an app spree. Also is the Cap One Platinum considered a Prime card, or is it the QS card?

Re: Cap One Platinum PC

Anonymous — Mon, 22 Feb 2016 04:08:11 GMT

The Platinum card is considered lower tiered or subprime along with the QS1. Asking and/or receiving a PC from Cap One will not result in a hp or sp. If the account meets Cap One's criteria for an upgrade, they wil upgrade. I have no idea what the upgrade PC criteria is, My wife has tried to upgrade upgrade a 6 yr old account with no success.

Re: Cap One Platinum PC

Anonymous — Mon, 22 Feb 2016 04:10:51 GMT

Interesting. Last thing I want is a denial. But I guess it doesn't matter if it's neither. Might be worth a try. Okay so if they give me the QS1, will I still have the Platinum as well or do they automatically cancel it?

Re: Cap One Platinum PC

Anonymous — Mon, 22 Feb 2016 04:33:07 GMT

I believe Cap One will allow you to have 2 subprime cards. So if you apply and receive a QS1, you can keep your platinum account as well. At one point, I actually had three subprimes with them.

Re: Cap One Platinum PC

Anonymous — Mon, 22 Feb 2016 15:02:16 GMT

I was stuck with the platinum card with a $750 limit for 4 years. One day I got a quicksilver offer in the mail. I think I used online chat to tell the representetive I got a qs offer and would like a product change. Immediately got approved without any pull on credit.

Re: Cap One Platinum PC

Anonymous — Mon, 22 Feb 2016 15:28:46 GMT

So now I'm a bit confused still, because I thought the point was to get rid of subprime cards down the road. What would be the point of gaining a new subprime card if it's no better than the Platinum? I'm no CC genius so I'm learning the game steadily.

Re: Cap One Platinum PC

MyLoFICO — Mon, 22 Feb 2016 16:38:09 GMT

If you upgrade your Plat to a QS1 via a product change your account number and everything stays the same. They just add rewards and send you the QS cards. I just did this last month. If you prequal on their site and are approved for a QS and you apply for it that way, you will have a 2nd account.

Re: Cap One Platinum PC

mowglidude — Mon, 22 Feb 2016 17:57:30 GMT

@MyLoFICO wrote:
If you upgrade your Plat to a QS1 via a product change your account number and everything stays the same. They just add rewards and send you the QS cards. I just did this last month. If you prequal on their site and are approved for a QS and you apply for it that way, you will have a 2nd account.

I just did this yesterday and this morning. I have had the Plat MC and QS1 for 16 months or so, with CLI's along the way. I hit the luv button yesterday for a CLI on both, got $3000 CLI on each. Called this morning to PC Plat to QS with no AF. I will get a new QS1 card, same number as Plat account, CSR stated. From there,. when my payment I made today, clears to 0, I can combine my current QS1 into the new QS1, which has to be done online. I think that's how it went...

Re: Cap One Platinum PC

MyLoFICO — Mon, 22 Feb 2016 18:10:56 GMT

@mowglidude wrote:
@MyLoFICO wrote:
If you upgrade your Plat to a QS1 via a product change your account number and everything stays the same. They just add rewards and send you the QS cards. I just did this last month. If you prequal on their site and are approved for a QS and you apply for it that way, you will have a 2nd account.
I just did this yesterday and this morning. I have had the Plat MC and QS1 for 16 months or so, with CLI's along the way. I hit the luv button yesterday for a CLI on both, got $3000 CLI on each. Called this morning to PC Plat to QS with no AF. I will get a new QS1 card, same number as Plat account, CSR stated. From there,. when my payment I made today, clears to 0, I can combine my current QS1 into the new QS1, which has to be done online. I think that's how it went...

Yep, thats how it goes. I recently had my Plat PC'd to qa QS1. Once the new one is 6 months old I will combine them and hopefully get the QS with no AF. Then I want a Venture.

Re: Cap One Platinum PC

EAJuggalo — Mon, 22 Feb 2016 20:54:47 GMT

OK, I'm confused. My understanding was that when you PC'd a Platinum it became a standard QS, just a MC version of it and not a QS1. Otherwise what is the point of it if you'd have two QS1's and then you'd have two AFs as well?

Re: Cap One Platinum PC

MyLoFICO — Mon, 22 Feb 2016 20:56:10 GMT

@EAJuggalo wrote:
OK, I'm confused. My understanding was that when you PC'd a Platinum it became a standard QS, just a MC version of it and not a QS1. Otherwise what is the point of it if you'd have two QS1's and then you'd have two AFs as well?

Yes, and I do. After 6 months you can merge them into one big balance and only 1 AF.

Re: Cap One Platinum PC

mowglidude — Mon, 22 Feb 2016 21:09:53 GMT

@EAJuggalo wrote:
OK, I'm confused. My understanding was that when you PC'd a Platinum it became a standard QS, just a MC version of it and not a QS1. Otherwise what is the point of it if you'd have two QS1's and then you'd have two AFs as well?

I think they upgraded my Plat to a QS1 with no AF, is how I understand it. Once that happens in next 48 hours online, I can then combine or merge my current QS1 (with AF) to my new QS1 with no AF, thus ending up with just one QS1 with no AF, which is almost the same as a QS with no AF.

Re: Cap One Platinum PC

MyLoFICO — Mon, 22 Feb 2016 22:50:03 GMT

@mowglidude wrote:
@EAJuggalo wrote:
OK, I'm confused. My understanding was that when you PC'd a Platinum it became a standard QS, just a MC version of it and not a QS1. Otherwise what is the point of it if you'd have two QS1's and then you'd have two AFs as well?
I think they upgraded my Plat to a QS1 with no AF, is how I understand it. Once that happens in next 48 hours online, I can then combine or merge my current QS1 (with AF) to my new QS1 with no AF, thus ending up with just one QS1 with no AF, which is almost the same as a QS with no AF.

Straight from Cap1's site.

There are several reasons why a card may not be eligible, here are the main ones:

Card accounts must be in good standing
Card accounts must be open for at least 6 months
One card account must have a $0 balance and no pending transactions
Card accounts must be linked in your online banking profile

Re: Cap One Platinum PC

Anonymous — Tue, 23 Feb 2016 01:39:04 GMT

So to PC my current Platinum I have to go to their site and online chat with someone? And while there prequal for the QS1? Did I get this right? All the while, I get zero SP or HP for doing so?

Re: Cap One Platinum PC

EmmaGolden — Tue, 23 Feb 2016 02:03:06 GMT

I just did the upgrade tonight on my plat card. No HP or SP shows. Below is what was said to me in chat; Hope it clarifies for you

Nash07:42 PM
Your account will now be upgraded to our Quicksilver rewards program. Within 2-3 business days, your new rewards earning structure will be 1.5% cash back per every dollar spent. A new card, with the same account number, will be mailed out to you in 7-10 business days. After this upgrade your account will have no annual membership fee. You will be able to go online to review your rewards earned and to setup automatic redemptions in approximately 2-3 business days. Accepting this offer means that you cannot accept any rewards upgrades on this account again for at least 6 months. Today's upgrade will fulfill as long as you maintain this account in good standing. Would you like to proceed?

Re: Cap One Platinum PC

Anonymous — Tue, 23 Feb 2016 02:28:45 GMT

Excellent info. Appreciate it. I'll give it a shot.

UPDATE: Just went through the pre-qual and was offered the QS1. The online chat option didn't pop up for me.

Re: Cap One Platinum PC

mowglidude — Tue, 23 Feb 2016 02:17:25 GMT

@EmmaGolden wrote:
I just did the upgrade tonight on my plat card. No HP or SP shows. Below is what was said to me in chat; Hope it clarifies for you

Nash07:42 PM
Your account will now be upgraded to our Quicksilver rewards program. Within 2-3 business days, your new rewards earning structure will be 1.5% cash back per every dollar spent. A new card, with the same account number, will be mailed out to you in 7-10 business days. After this upgrade your account will have no annual membership fee. You will be able to go online to review your rewards earned and to setup automatic redemptions in approximately 2-3 business days. Accepting this offer means that you cannot accept any rewards upgrades on this account again for at least 6 months. Today's upgrade will fulfill as long as you maintain this account in good standing. Would you like to proceed?

Yep pretty much what I was told by the CSR. I notice they say "upgraded to our Quicksilver rewards program" So I guess its still a QS1?

Re: Cap One Platinum PC

EmmaGolden — Tue, 23 Feb 2016 02:47:15 GMT

Yes is still QS1..without AF & 1.5% instead of 1% as on my other QS1. It looks to me as if to get Quicksilver you have to do a separate app & that it is a Visa compared to QS1 MC...Not sure but is what I have concluded & I'm still new at this

Re: Cap One Platinum PC

EmmaGolden — Tue, 23 Feb 2016 02:50:09 GMT

PS: Bad wording..not still a QS1.. it was an upgrade from a platinum

Re: Cap One Platinum PC

Anonymous — Tue, 23 Feb 2016 03:16:29 GMT

I went ahead and got it done. Had to use Chrome instead of Opera to get chat option. Upgraded the Platinum to the chipped QS1. Now from what I understand, I can actually still app and get a QS Visa? (I won't do this) Also I got the 7-10 day messege on the Luv Button. lol "bah humbug"