topic Re: Capital One consolidation finally in Credit Cards

Capital One consolidation finally

wednesdayaddamsd — Thu, 25 Feb 2016 22:31:52 GMT

I have been trying to consolidate my three Capital one accounts for months.

Finally I tried again for the millionth time time, and it worked! I consolidated two accounts to one, and then consolidated that one into the third one. So I now have one Capital One card with a much bigger limit. I don't know what changed but I was never able to do this before, and today poof!

I tried for a CLI, they said no.. So it wasn't all winning today

Re: Capital One consolidation finally

baller4life — Fri, 26 Feb 2016 00:00:16 GMT

Congrats. Did you try for cli first?

Re: Capital One consolidation finally

wednesdayaddamsd — Fri, 26 Feb 2016 00:28:57 GMT

Hi Baller. I actually had CLI on all three of my accounts over the past few months. I consolidated, then thought I would try again for another CLI on the new and improved cosolidated card. Ha ha! Didn't work. LOL. I will try again in a couple months. My 3 rather low limit cards with Cap 1 are now at 1 card with an $8K limit. Not great compared to so many other posters, but a lot more than I would ever charge. So I am happy. Plus, I only have to worry about paying 1 credit card statement, not chasing three (even tho I didn't carry a balance on 2 of the three anyway). I am consolidating so I am pretty happy today to have 2 less cards and still have the same CL.

Re: Capital One consolidation finally

Anonymous — Fri, 26 Feb 2016 00:48:19 GMT

@wednesdayaddamsd wrote:
I have been trying to consolidate my three Capital one accounts for months.

Finally I tried again for the millionth time time, and it worked! I consolidated two accounts to one, and then consolidated that one into the third one. So I now have one Capital One card with a much bigger limit. I don't know what changed but I was never able to do this before, and today poof!

I tried for a CLI, they said no.. So it wasn't all winning today

Good Job...

one ?

How long have you had the cards??

Re: Capital One consolidation finally

Kevin86475391 — Fri, 26 Feb 2016 02:34:20 GMT

Congrats on the consolidation! I'm sure that will make things easier and more pleasant to manage!

Re: Capital One consolidation finally

wednesdayaddamsd — Fri, 26 Feb 2016 12:12:15 GMT

Hi Julie, The oldest card was from 2010, and the 2 other cards were opened in 2011.

Re: Capital One consolidation finally

UncleB — Fri, 26 Feb 2016 19:35:52 GMT

Congrats on your success!

You have the chance to provide an interesting data point if you're interested... take a peek into your online documents to see when the last CLI was on this card, and six months from that day try for another one. If you get it, we'll know that while the website says a combination can impact future CLIs, it doesn't necessarily have to.

On the other hand if you're CLI isn't successful however you try again six months after the combination and it's granted, we'll have evidence that they are sticking to the letter of the rule, so to speak.

All of this aside, again... congrats!

Re: Capital One consolidation finally

Anonymous — Fri, 26 Feb 2016 20:06:00 GMT

Way to go! "Not great compared to so many other posters" You are you. No Gymtimidation here.

Re: Capital One consolidation finally

Shooting-For-800 — Mon, 29 Feb 2016 22:18:26 GMT

anyone scared or concerned about combining accounts?

my accounts are all two years old or less so i am not worried about AAoA.

but i am worried about - what if they close that big account or something.

i know i am over concerned but i have been debating combing 4 accts into 2

world mastercard venture at $25,500 and a signature visa quicksilver at $23,750 would be nice though.

anyone have any issues after combining?

Re: Capital One consolidation finally

wednesdayaddamsd — Mon, 29 Feb 2016 22:37:18 GMT

Thanks Uncle B. The last CLI on this one was a few months ago I think. But I'll keep you posted in another four months or so!

Re: Capital One consolidation finally

Loquat — Mon, 29 Feb 2016 22:46:20 GMT

Congrats on combining cards...going to be doing that myself here in the next month or so.

Re: Capital One consolidation finally

UncleB — Mon, 29 Feb 2016 23:37:00 GMT

@Shooting-For-800 wrote:
anyone scared or concerned about combining accounts?

my accounts are all two years old or less so i am not worried about AAoA.

but i am worried about - what if they close that big account or something.

i know i am over concerned but i have been debating combing 4 accts into 2

world mastercard venture at $25,500 and a signature visa quicksilver at $23,750 would be nice though.

anyone have any issues after combining?

There's a more in-depth conversation on this very topic over in baller's mega-thread.

The 'short answer' is that most of us agree that Capital One isn't known for AA or CLD - at least at this time - and the consensus is that the chance, while always there, is most likely slim.

That being said, if someone's reported income is $15k and they get a half-dozen Ventures auto-approved only to merge them into one $50k card, it won't be shocking if at some point they have an issue. It's really a matter of an individual's credit profile and using good judgement, IMO.