topic Re: Close Capital One QuickSilverOne? in Credit Cards

Close Capital One QuickSilverOne?

Anonymous — Mon, 14 May 2018 18:56:21 GMT

I have had a a Cap1 QuickSilverOne for almost 4 years. Over that time I have only gotten two CLI's. I have never missed a payment, but keep a balance for a quite a while. It had an SL of $750 and the last CLI brought it to $1950. That was just at 2 years ago. I have since gotten cards that blow that limit away. I have called them, and they have no real reason as to why they will not give me a CLI. It is currenty at a $0 balance and has been that way for almost 3 months now. Other than having the available credit limit, is it worth keeping open?

Re: Close Capital One QuickSilverOne?

Anonymous — Mon, 14 May 2018 19:05:44 GMT

if you close it, it wills still report for the next 10 years, so no harm.

You could merge them together and keep the oldest card.

Re: Close Capital One QuickSilverOne?

Anonymous — Mon, 14 May 2018 19:08:49 GMT

Some Capital One cards will just get stuck at a certain amount. I used to have three capital one cards and they all went through several product changes. I tried for about a year and a half to boost some of my C1 credit limits and eventually gave up and combined all of them. I would try to get it PC'd to a regular Quicksilver before closing it. I would close it before any AF hit through... paying the AF for that card is not worth it (imo).

Re: Close Capital One QuickSilverOne?

HeavenOhio — Mon, 14 May 2018 19:20:18 GMT

I'd be more concerned about the fee than the low limit. I think you're safe closing it unless it's your oldest card by a mile. Before closing, you might want to try product-changing. But with a QS1, that may take some diligence.

Re: Close Capital One QuickSilverOne?

Anonymous — Tue, 15 May 2018 12:42:46 GMT

@HeavenOhio wrote:
I'd be more concerned about the fee than the low limit. I think you're safe closing it unless it's your oldest card by a mile. Before closing, you might want to try product-changing. But with a QS1, that may take some diligence.

I've been trying after having the card for slightly over a year. It's seemingly impossible and Ive been trying 2-3x each month since February this year when I got my credit steps CLI. no dice and I still have until august when I can request a CLI

Re: Close Capital One QuickSilverOne?

Anonymous — Tue, 15 May 2018 12:52:18 GMT

What was your credit score at the time you were approved for the QS1? If it was anything sub-650 or so, the reason you can't grow the card is because it is and will always be viewed as a starter account. Typically starter accounts peak out around $2000-$3000, but often don't even make it to that level.

I know you also said it's been at a $0 balance for 3 months now. By saying $0 balance, do you mean you paid it off 3-4 months ago and haven't used it since, or you have been using it but paying it off to $0 each cycle? If you haven't been using the card for 3-4 months, asking for a CLI more than likely won't work because you aren't showing them that you need a CLI due to non-use.

Re: Close Capital One QuickSilverOne?

Brian_Earl_Spilner — Tue, 15 May 2018 13:11:59 GMT

Lol, I just made a similar thread not too long ago. I decided to roll the limit into another cap1 card.

Re: Close Capital One QuickSilverOne?

601flyguy — Tue, 15 May 2018 13:22:31 GMT

Have you ever done any surveys? They seemed to help me. Probably still in the bucket but at least my card is somewhat useable now.

Re: Close Capital One QuickSilverOne?

Blackswizz750 — Tue, 15 May 2018 13:48:55 GMT

I am thinking the same thing on Cap1. My first card was a QS1 and the second a platinum. I want to merge to at least get a decent limit and use it. The GM card is not being increased at this time as I cant combo it(co-brand it).

Re: Close Capital One QuickSilverOne?

Anonymous — Tue, 15 May 2018 14:56:02 GMT

@Blackswizz750I am thinking the same thing on Cap1. My first card was a QS1 and the second a platinum. I want to merge to at least get a decent limit and use it. The GM card is not being increased at this time as I cant combo it(co-brand it).

Your best bet would be to PC one of them, say the platinum, to a QS first. Then after doing that, combine your limit from the QS1 to the QS and close out the QS1.

Re: Close Capital One QuickSilverOne?

Anonymous — Tue, 15 May 2018 15:03:14 GMT

@Anonymous wrote:
What was your credit score at the time you were approved for the QS1? If it was anything sub-650 or so, the reason you can't grow the card is because it is and will always be viewed as a starter account. Typically starter accounts peak out around $2000-$3000, but often don't even make it to that level.

I know you also said it's been at a $0 balance for 3 months now. By saying $0 balance, do you mean you paid it off 3-4 months ago and haven't used it since, or you have been using it but paying it off to $0 each cycle? If you haven't been using the card for 3-4 months, asking for a CLI more than likely won't work because you aren't showing them that you need a CLI due to non-use.

Actually, I just went back and checked. I used it almost a 1 1/2 months ago. I had charged a hotel stay and paid it off before the statement cut. Also, unfortunately, it is one of my oldest cards so I am leary about closing it, but am very frustrated with them and don't really want to give the business if there is no value in it for me.

Re: Close Capital One QuickSilverOne?

Anonymous — Tue, 15 May 2018 15:06:06 GMT

Thanks for the advice! I have tried the link that is posted in the forums to see if my card is eligible for a PC and it is not. I have also called them directly and asked for a manual review for PC and CLI and never heard back from them with any results.

Re: Close Capital One QuickSilverOne?

Blackswizz750 — Tue, 15 May 2018 16:16:55 GMT

@Anonymous wrote:
@Blackswizz750I am thinking the same thing on Cap1. My first card was a QS1 and the second a platinum. I want to merge to at least get a decent limit and use it. The GM card is not being increased at this time as I cant combo it(co-brand it).
Your best bet would be to PC one of them, say the platinum, to a QS first. Then after doing that, combine your limit from the QS1 to the QS and close out the QS1.

I will definitely do that. I put non category spend on the QS1 and platinum(small purchases). The PLat is one month younger than my QS1. It should hurt me too bad once I PC and combine. I dont know if I have to wait 6 months aftert the PC and keep the donor card at zero when its time.