topic Re: Capital One account combination in Credit Cards

Capital One account combination

bobbay — Tue, 01 May 2018 13:45:59 GMT

I have not been on in a while and don't know if anything has changed or what I should know.
i have two cap one qs cards $
$10k limit over year old 4500 balance
$9.5k limit card over 10 years old $7k balance

i would like to combine these to the old card. Do I need to $0 balance the newer card first?
what account do I go into to do the combo?
if I have to pay to zero how long do I need to wait?
is there anything else to consider?

thanks all

Re: Capital One account combination

Anonymous — Tue, 01 May 2018 14:02:12 GMT

You start it from the card you're wanting to keep/merge into.
The card you're wanting to get rid of, has to have a $0 balance.

Any/Everything else, I'd be interested in knowing as well considering I may end up doing this by the end of the month if I can't get my QS1 AF waived.

Re: Capital One account combination

HeavenOhio — Tue, 01 May 2018 14:07:06 GMT

Your donor card will need to have a zero balance. The ability to combine should be available almost immediately after your payment to zero posts. The last I looked, you didn't need to enter the combination interface from any particular account. After reaching the combination page, all eligible options were made available.

Re: Capital One account combination

bobbay — Tue, 01 May 2018 14:15:37 GMT

Both my accounts cut by the 4th. If I paid today any chance I could pull it off this statement cycle?

i know it would be threading a needle.

Re: Capital One account combination

Anonymous — Tue, 01 May 2018 14:36:39 GMT

@bobbay wrote:
Both my accounts cut by the 4th. If I paid today any chance I could pull it off this statement cycle?
i know it would be threading a needle.

I have two QS cards (Mastercard over a year old and Visa opened at New Year's) that I'm planning to combine by early July. Personally, I'm planning to pay off the remaining balance on the MC next month and then combine it into my Visa. I'm not sure if I have to wait until the Visa is 6 months old or not; I thought I did, but read different information in another thread.

Re: Capital One account combination

HeavenOhio — Tue, 01 May 2018 15:13:22 GMT

@bobbay wrote:
Both my accounts cut by the 4th. If I paid today any chance I could pull it off this statement cycle?
i know it would be threading a needle.

Statements won't matter. Your current balance needs to be zero. That can happen anytime.

Re: Capital One account combination

bobbay — Tue, 01 May 2018 16:20:54 GMT

Understand

question was more about showing account pif and closed and another account going from 74% until to 35% util. I have lots of stuff going on and didnt want to wait another month for this to report. That is what was driving the question . I just paid down both 4K and don't want to tie up another 4.5k that I can use elsewhere over the next month. I have 3 other accounts I'm paying off and some balances on cards I'm keeping that will post higher balances this month I don't want to spook anyone when I'm actually paying things down.

Re: Capital One account combination

FinStar — Tue, 01 May 2018 17:38:47 GMT

On the C1 PIF you're intending on doing, are you currently paying interest on that specific ~$4K balance?

Re: Capital One account combination

Anonymous — Tue, 01 May 2018 17:56:11 GMT

One other thing to note, though it may or not be of concern for you, is that C1 see's the combination as a CLI for the card you are keeping. So this will reset the CLI clock for you. Going for a CLI beforehand may allow you to bypass this, though I'm not sure.

Re: Capital One account combination

bobbay — Tue, 01 May 2018 18:01:34 GMT

@FinStar wrote:
On the C1 PIF you're intending on doing, are you currently paying interest on that specific ~$4K balance?

Yes the newer card just came off 0% in feb and why I'm paying it off just had few other things going on and getting around to it

Re: Capital One account combination

bobbay — Tue, 01 May 2018 18:01:00 GMT

@Anonymous wrote:
One other thing to note, though it may or not be of concern for you, is that C1 see's the combination as a CLI for the card you are keeping. So this will reset the CLI clock for you. Going for a CLI beforehand may allow you to bypass this, though I'm not sure.

They never give me cli's so this was my strategy for a 10k cli. Six mos is no biggie account will have 19.5k limit with about 1/4 that for monthly spend

Re: Capital One account combination

Anonymous — Tue, 01 May 2018 18:09:59 GMT

@Anonymous wrote:
One other thing to note, though it may or not be of concern for you, is that C1 see's the combination as a CLI for the card you are keeping. So this will reset the CLI clock for you. Going for a CLI beforehand may allow you to bypass this, though I'm not sure.

Yes, I've read the same - that you need to check for an available CLI on the card you want to keep before you do the combination so that you don't, as they say, "leave money on the table".

Re: Capital One account combination

FinStar — Tue, 01 May 2018 19:00:37 GMT

OP just keep in mind that if you are carrying the balance that includes interest from February (since the 0% promotion expired) you'll likely have a residual balance (i.e. finance charges) that will post on your upcoming statement closing date.

Re: Capital One account combination

bobbay — Wed, 02 May 2018 16:11:55 GMT

@FinStar wrote:
OP just keep in mind that if you are carrying the balance that includes interest from February (since the 0% promotion expired) you'll likely have a residual balance (i.e. finance charges) that will post on your upcoming statement closing date.

Yes this was my concern on being able to combine accounts. I pif today let's see what happens

Re: Capital One account combination

bobbay — Thu, 03 May 2018 10:51:55 GMT

So I logged in this morning the newer account showed a zero balance. They both would cut a statement tomorrow. I went into the old account, selected combine accounts, the $0 Bal account popped up, click and done.

thanks guys and gals!

this should result in a nice score pop I'm guessing 20-30 points.

Re: Capital One account combination

Adkins — Thu, 03 May 2018 14:34:22 GMT

Congratulations!

Re: Capital One account combination

bobbay — Thu, 03 May 2018 15:30:52 GMT

@Adkins wrote:
Congratulations!

Thanks!

like finstar mentioned I was concerned that the pending monthly interest charge from April was going to delay the account from becoming eligible. I guess the charges will post in the account I rolled it into. Its a nice surprise! Capitalone has come a long way.

Re: Capital One account combination

FinStar — Thu, 03 May 2018 15:42:59 GMT

It sounds like since you had completely zeroed out the balance for the current cycle, then whatever unbilled balance (residual fc) didn't prevent the accounts from being combined which is a plus 😊

Re: Capital One account combination

bobbay — Tue, 08 May 2018 15:32:54 GMT

So here is the update. Statements cut on the 4th and just reported today. The top 3 alerts are the updates. I'm shocked there was no score change. Nadda, zippo!

account 1 had a balance of $9,200 of $10k credit line to a zero balance and closed

account 2 had an 8400 Balance on a $9,500 cl card and went up $46 and the limit went from $9,500 to $19,500

so, I really thought having 2 accounts with high util 92% and 88% util moving to One account with 43% util would see more of a bump. Always learning

Re: Capital One account combination

Adkins — Tue, 08 May 2018 18:35:44 GMT

Give it a few days. Sometimes it takes more than one thing to get a score to move.