topic Re: Closed Venture... in Credit Cards

Closed Venture...

Anonymous — Tue, 24 May 2016 22:45:54 GMT

I have a total of 5 cap1 cards (3 Ven, 2 QS). Just closed 1 of the Venture and rolled the CL into my QS making it a 25k QS. Another month and I will combine all my cap1 cards into 1 QS to make it 50k CL.

I can't wait....my highest limit yet.

I love Cap 1

Re: Closed Venture...

Anonymous — Wed, 25 May 2016 00:51:46 GMT

Wow!! That's awesome!! Did you close the Venture because of the AF or was it because you preferred earning the 1.5% cash back on the QS instead of earning miles with the Venture?

Just curious. I have both a Venture and a QS (PC'd from the QS1) so I am always interested in asking OP when I see they have combined their CL with Cap1.

Thanks.

Re: Closed Venture...

Anonymous — Wed, 25 May 2016 00:51:58 GMT

Congratulations!

Re: Closed Venture...

CatOfSpades — Wed, 25 May 2016 01:35:46 GMT

Good deal! Congratulations!

Re: Closed Venture...

BearsAndTurtlesRtheBest — Wed, 25 May 2016 02:04:13 GMT

Nice! Keep us posted and attach a picture.

Re: Closed Venture...

Anonymous — Thu, 26 May 2016 06:58:55 GMT

Could you verify if you had to use your points before combining or did the miles roll over to cash back. Example, 50,000 miles converted goes to 500 dollars. I am being told conflicting things.

Re: Closed Venture...

galahad15 — Thu, 26 May 2016 16:17:01 GMT

Very impressive, congrats!

Re: Closed Venture...

Anonymous — Thu, 26 May 2016 16:20:41 GMT

Nicely done!!

Re: Closed Venture...

Anonymous — Thu, 26 May 2016 17:13:30 GMT

Congrats !

Managing one card compared to five itself will give you breather - not to mention the high limit...way to go !

Re: Closed Venture...

Anonymous — Thu, 26 May 2016 17:51:43 GMT

You always have the option of cashing out the miles. Though I agree the redemption is not good.

@Anonymous wrote:
Could you verify if you had to use your points before combining or did the miles roll over to cash back. Example, 50,000 miles converted goes to 500 dollars. I am being told conflicting things.

Re: Closed Venture...

morgacj2004 — Thu, 26 May 2016 20:21:50 GMT

very nice! I have 47.5k TCL four cards. They still won't let me merge. Been trying since that feature started. I believe it is due to an old CO. My wife merged her cards and now has a 45k Venture.

Re: Closed Venture...

tussking — Thu, 26 May 2016 20:30:00 GMT

I also have 2 - Venture cards & 2 QS - I'm so tempted to combine both into 2 cards - I wonder if I hurt my longtime CLI chances or should I keep all four ? Roll into 1 of each or roll all 4 into one ? If so which one !!!

Re: Closed Venture...

Anonymous — Thu, 26 May 2016 20:39:13 GMT

I am super excited as Cap1 gave me an opportunity to have my very first 25k card. Couldn't do it without the knowledge of everyone here at myfico. Thank you everyone for your knowledge and .02