topic Re: Will CapOne close for no activity? in Credit Cards

Will CapOne close for no activity?

Anonymous — Sun, 01 Jan 2017 14:28:12 GMT

I have a CapOne secured card that I stopped using because I've gotten approved for other cards that offer rewards - not to mention the it's stuck at a $500 limit. I haven't closed becasue it's my oldest card. Will they close for it being inactive and if so how long? Should I just set up some small reoccuring bill and pay it off every month? Any thoughts are appreciated. :-)

Re: Will CapOne close for no activity?

Viva-LV — Sun, 01 Jan 2017 14:39:19 GMT

I would call for a product change, they're good with that. I have a Plat card, because Cap One bought out HSBC accounts, use it twice a year, but it is an older account for me. My AAOA is 1.8, so I'm trying to grow that. Give them a jingle. Happy NY!

Re: Will CapOne close for no activity?

Anonymous — Sun, 01 Jan 2017 14:41:49 GMT

@Viva-LV wrote:
I would call for a product change, they're good with that. I have a Plat card, because Cap One bought out HSBC accounts, use it twice a year, but it is an older account for me. My AAOA is 1.8, so I'm trying to grow that. Give them a jingle. Happy NY!

I tried that - they don't do PC on secured cards

Happy New Year to you too!

Re: Will CapOne close for no activity?

CreditCuriosity — Sun, 01 Jan 2017 14:47:17 GMT

Just close it if you have no use for it and get your security deposit back.. It will report on your credit for the next 10 years regardless and by then your credit won't need that account any longer even if it is your oldest account. My 2 cents.

Re: Will CapOne close for no activity?

Gmood1 — Sun, 01 Jan 2017 14:48:44 GMT

The GF has a Cap one secured card I requested she stop using. It hasn't been used in over two years. Safe to say you have nothing to worry about. Lol

I've went several years at a time without using my unsecured Cap one. They have your money, so why would they voluntarily give it back? As long as you don't owe them..Chances are they could care less. This is one of the things I really like about them.

Re: Will CapOne close for no activity?

SouthJamaica — Sun, 01 Jan 2017 15:16:47 GMT

@Anonymous wrote:
@Viva-LV wrote:
I would call for a product change, they're good with that. I have a Plat card, because Cap One bought out HSBC accounts, use it twice a year, but it is an older account for me. My AAOA is 1.8, so I'm trying to grow that. Give them a jingle. Happy NY!
I tried that - they don't do PC on secured cards

Happy New Year to you too!

Did you ask them to just unsecure it? If so, and they refused, I would access their EO through their Facebook page and ask them to reconsider. If they still decline to unsecure, I would close it.

Re: Will CapOne close for no activity?

Anonymous — Sun, 01 Jan 2017 15:19:01 GMT

@SouthJamaica wrote:
@Anonymous wrote:
@Viva-LV wrote:
I would call for a product change, they're good with that. I have a Plat card, because Cap One bought out HSBC accounts, use it twice a year, but it is an older account for me. My AAOA is 1.8, so I'm trying to grow that. Give them a jingle. Happy NY!
I tried that - they don't do PC on secured cards

Happy New Year to you too!
Did you ask them to just unsecure it? If so, and they refused, I would access their EO through their Facebook page and ask them to reconsider. If they still decline to unsecure, I would close it.

I did, and it was through the EO. Asked for PC and they said a very firm NOPE. I suppose it has done it's job and it's just time to move on from it...

Re: Will CapOne close for no activity?

NRB525 — Sun, 01 Jan 2017 16:40:00 GMT

@Anonymous wrote:
I have a CapOne secured card that I stopped using because I've gotten approved for other cards that offer rewards - not to mention the it's stuck at a $500 limit. I haven't closed becasue it's my oldest card. Will they close for it being inactive and if so how long? Should I just set up some small reoccuring bill and pay it off every month? Any thoughts are appreciated. :-)

OP, do you have a regular no-AF Quicksilver with Capital One? Or any non-secured Capital One card?

Re: Will CapOne close for no activity?

Anonymous — Sun, 01 Jan 2017 16:52:22 GMT

@NRB525 wrote:
@Anonymous wrote:
I have a CapOne secured card that I stopped using because I've gotten approved for other cards that offer rewards - not to mention the it's stuck at a $500 limit. I haven't closed becasue it's my oldest card. Will they close for it being inactive and if so how long? Should I just set up some small reoccuring bill and pay it off every month? Any thoughts are appreciated. :-)
OP, do you have a regular no-AF Quicksilver with Capital One? Or any non-secured Capital One card?

I have a Venture card with CapOne

Re: Will CapOne close for no activity?

Anonymous — Tue, 03 Jan 2017 03:08:45 GMT

@Anonymous wrote:
Will they close for it being inactive and if so how long? Should I just set up some small reoccuring bill and pay it off every month? Any thoughts are appreciated. :-)

A monthly swipe is not necessary to keep an account open. Most people agree that a swipe every 6 months or so is usually more than sufficient to show usage and keep an account open. If you like the idea of keeping your oldest credit line open, SD the card and simply remember to take it out a couple of times a year for a tiny purchse that you'll immediately pay off.

Re: Will CapOne close for no activity?

icloud2525 — Tue, 03 Jan 2017 16:40:01 GMT

I haven't used my cap one since 2013 and it's still open. Come to think of it, I should probably close.

Re: Will CapOne close for no activity?

Korgon — Tue, 03 Jan 2017 18:15:01 GMT

Right after I graduated high school, I had a Capital One platinum (or whatever the equivalent at the time was) that went missing with a stolen wallet. The card was shut off, but never replaced and I forgot about it.

This last October I noticed a credit line for 500 dollars on my report. Come to find out, a credit line I hadn't used in ten years was still open. I called them up and managed to get a replacement card issued. The account was old enough it didn't have an email address associated with it.

Haven't swiped for a decade, got it converted to Quicksilver.

Re: Will CapOne close for no activity?

SunriseEarth — Wed, 04 Jan 2017 23:01:27 GMT

@Anonymous wrote:
I have a CapOne secured card that I stopped using because I've gotten approved for other cards that offer rewards - not to mention the it's stuck at a $500 limit. I haven't closed becasue it's my oldest card. Will they close for it being inactive and if so how long? Should I just set up some small reoccuring bill and pay it off every month? Any thoughts are appreciated. :-)

Cap One tends to be very slow to close for inactivity. I haven't used my Sony Card for a year and a half. That said, if you no longer need the secured card, consider closing it. There is no impact on your AAoA until the account falls off your CRs. Typically, accounts in good standing remain on your CRs for ~10 years after closing (closed Cap One accounts sometimes fall off ~10 years after DOLA, however).

Re: Will CapOne close for no activity?

Anonymous — Wed, 04 Jan 2017 23:10:49 GMT

I would think a secured card would be exempt from being closed for inactivity, no? I have the Capital One Secured as well...haven't used it since August. Going to close it soon unless they graduate me.

Re: Will CapOne close for no activity?

Anonymous — Thu, 05 Jan 2017 00:16:49 GMT

My buddy has an unsecured card by them that he hasn't used since 2010 and it's still open LOL