topic Re: Why PC Cap1 Platinum to QS / QS 1? in Credit Cards

Why PC Cap1 Platinum to QS / QS 1?

Anonymous — Fri, 26 Feb 2016 23:50:29 GMT

I have a Cap1 Platinum and a QS1. The Platinum is just over a year old and I didn't think to consult MyFico and other boards when I first applied for/received it. Recently, I have seen folks say to PC the Platinum to a QS or QS1. Is there a logic behind that other than the 1.5% back? I just received a $1k CLI on the Plantinum, but certainly don't want 2 cards with $39 annual fees.

For those who have successfully moved into the the no fee QS, did Cap1 increase your limit as well?

TIA

Re: Why PC Cap1 Platinum to QS / QS 1?

Anonymous — Sat, 27 Feb 2016 00:00:02 GMT

@Anonymous wrote:
I have a Cap1 Platinum and a QS1. The Platinum is just over a year old and I didn't think to consult MyFico and other boards when I first applied for/received it. Recently, I have seen folks say to PC the Platinum to a QS or QS1. Is there a logic behind that other than the 1.5% back? I just received a $1k CLI on the Plantinum, but certainly don't want 2 cards with $39 annual fees.

For those who have successfully moved into the the no fee QS, did Cap1 increase your limit as well?

TIA

Because the QS has no AF and offers 1.5% cash back. I pc'd my Platinum to a QS after two statements. No limit increase.

Re: Why PC Cap1 Platinum to QS / QS 1?

Anonymous — Sat, 27 Feb 2016 00:06:13 GMT

@Anonymous wrote:

@Anonymous wrote:
I have a Cap1 Platinum and a QS1. The Platinum is just over a year old and I didn't think to consult MyFico and other boards when I first applied for/received it. Recently, I have seen folks say to PC the Platinum to a QS or QS1. Is there a logic behind that other than the 1.5% back? I just received a $1k CLI on the Plantinum, but certainly don't want 2 cards with $39 annual fees.

For those who have successfully moved into the the no fee QS, did Cap1 increase your limit as well?

TIA
Because the QS has no AF and offers 1.5% cash back. I pc'd my Platinum to a QS after two statements. No limit increase.

Can that be done via chat or do I need to call?

Re: Why PC Cap1 Platinum to QS / QS 1?

UncleB — Sat, 27 Feb 2016 00:20:58 GMT

@Anonymous wrote:
@Anonymous wrote:

@Anonymous wrote:
I have a Cap1 Platinum and a QS1. The Platinum is just over a year old and I didn't think to consult MyFico and other boards when I first applied for/received it. Recently, I have seen folks say to PC the Platinum to a QS or QS1. Is there a logic behind that other than the 1.5% back? I just received a $1k CLI on the Plantinum, but certainly don't want 2 cards with $39 annual fees.

For those who have successfully moved into the the no fee QS, did Cap1 increase your limit as well?

TIA
Because the QS has no AF and offers 1.5% cash back. I pc'd my Platinum to a QS after two statements. No limit increase.
Can that be done via chat or do I need to call?

You should get the same results either way, but last week when I got my PC I did it through chat.

Good luck!

Re: Why PC Cap1 Platinum to QS / QS 1?

Anonymous — Sat, 27 Feb 2016 00:22:29 GMT

Ah, well. There apparently isn't a current offer for the no-fee QS for me. I will wait until I have paid off my Platinum and see if I can move $1k to the QS1. I'd like to be able to get as much cash back as possible.

Re: Why PC Cap1 Platinum to QS / QS 1?

Anonymous — Sat, 27 Feb 2016 00:25:43 GMT

You should get the same results either way, but last week when I got my PC I did it through chat.

Good luck!

Thanks. I used chat. Don't really want another annual fee card. Although, now that I think about it, the $39 might be negated if I'm running enough spend through this.

Feel free to weigh into my thinking out loud. :-)

Re: Why PC Cap1 Platinum to QS / QS 1?

UncleB — Sat, 27 Feb 2016 00:40:53 GMT

@Anonymous wrote:
You should get the same results either way, but last week when I got my PC I did it through chat.

Good luck!
Thanks. I used chat. Don't really want another annual fee card. Although, now that I think about it, the $39 might be negated if I'm running enough spend through this.

Feel free to weigh into my thinking out loud. :-)

I agree completely... actually, before I got 'into' rewards, I thought of the rewards scheme as a way to cover the AF, and nothing more.

It's definitely one way to think about it.

My AF was previously $79 (my card was formerly Orchard/HCBC) and it took quite a while for it to get an 'offer' from Capital One, but for me it was worth it since it was one of my oldest accounts (nine years old). If your account has less history this might not be as much of a concern, though.

Re: Why PC Cap1 Platinum to QS / QS 1?

Anonymous — Sat, 27 Feb 2016 00:43:31 GMT

@Anonymous wrote:
You should get the same results either way, but last week when I got my PC I did it through chat.

Good luck!
Thanks. I used chat. Don't really want another annual fee card. Although, now that I think about it, the $39 might be negated if I'm running enough spend through this.

Feel free to weigh into my thinking out loud. :-)

Actually, the goal is to get away from the AF. When I pc'd my card (via chat), I started the conversation off by asking for the QS directly and the rep granted the request right away. Had no interest in QS1.

Re: Why PC Cap1 Platinum to QS / QS 1?

OmarGB9 — Sat, 27 Feb 2016 00:47:18 GMT

You could PC to a QS1 and then combine them, after they're both at least 6 months old and with no pending charges. That way you'll have one card with a larger limit and only one AF.

Re: Why PC Cap1 Platinum to QS / QS 1?

Anonymous — Sat, 27 Feb 2016 01:03:58 GMT

@OmarGB9 wrote:
You could PC to a QS1 and then combine them, after they're both at least 6 months old and with no pending charges. That way you'll have one card with a larger limit and only one AF.

I considered that.

And, if I'm honest, it's not so much the AF that bothers me, it's having the 2 of the *same* AFs. Whenever I qualify for a CSP or another top tier card, I will have an AF for those and I'm sure I won't mind so much.

Thanks for the input.

Re: Why PC Cap1 Platinum to QS / QS 1?

Officer737 — Sat, 27 Feb 2016 01:36:22 GMT

When I PCed my QS1 I had the option for either a no AF QS or a Venture 1. I did the Venture and figure would open another QS oince all the dust settles.

Re: Why PC Cap1 Platinum to QS / QS 1?

Anonymous — Sat, 27 Feb 2016 02:26:53 GMT

I went ahead and made the "upgrade." We'll see what's available in another 6 months in terms of upgrades.