topic Re: Finally axed capital one! in Credit Cards

Finally axed capital one!

sdsoccerdad — Thu, 02 Aug 2018 14:18:18 GMT

I've been going through my profile and AF for Cap one is coming up. It was my second card during my rebuilding phase. It had the credit steps. Started off with a $300 cl -> $400 -> $700 and finally $1250 (They have refused to increase despite many requests).

I have many cards that have way better benefits that I just couldn't justify the $39 AF for this card.

Next step is to figure out whatother cards I have with AF are of no more use to me...

Re: Finally axed capital one!

Anonymous — Thu, 02 Aug 2018 14:19:49 GMT

Good on you for trimming the fat. You are on to bigger and better things.

Re: Finally axed capital one!

pipeguy — Thu, 02 Aug 2018 15:12:02 GMT

Congrats on kicking the Capital One bucket - no one should pay an AF for a low limit rebuilder card once the door opens to better cards. I'm amazed at how many hold on to these cards and continue paying the AF year after year. Looking at your signature card(s) list, you have obviously moved on - good job

Re: Finally axed capital one!

sdsoccerdad — Thu, 02 Aug 2018 16:27:25 GMT

Thank you! It feels good. Thankful it helped me build my credit but now that I am able to get more "useful" cards, it was just that time to move on like you said.

Re: Finally axed capital one!

Felony_Phil — Thu, 02 Aug 2018 16:33:29 GMT

And the best part is that if you see a Cap1 card that does interests you, you know you will get a higher limit with no AF and a good intro rate.

Re: Finally axed capital one!

LandoCredrissian — Thu, 02 Aug 2018 16:57:04 GMT

sdsoccerdad, I noticed the $300 to $400 CLI. Question - Did you request this CLI prior to the steps auto CLI? If so, what date or what timeline? After the 3rd statement cut?

Re: Finally axed capital one!

sdsoccerdad — Thu, 02 Aug 2018 17:02:11 GMT

This was an auto one after about 2-3 statements. The one I requested resulted in the one for $700.

Re: Finally axed capital one!

LandoCredrissian — Thu, 02 Aug 2018 17:07:03 GMT

Great. Thanks for the info and congrats on your continued credit growth.

Re: Finally axed capital one!

Anonymous — Thu, 02 Aug 2018 17:07:33 GMT

Good for you!

I was thinking about doing something similar...No AF Quicksilver is stuck at $2750, DW's Venture is stuck at $2000.

I did open a couple of CDs yesterday with Capital One 360, and the fact that they appear on the same screen as my CC account made me keep the Quicksilver open. It reminds me of the BofA/Merrill Edge interface.

Re: Finally axed capital one!

Anonymous — Thu, 02 Aug 2018 17:12:30 GMT

CapOne cards are dropping like flies

Re: Finally axed capital one!

Anonymous — Thu, 02 Aug 2018 17:21:06 GMT

How old was that CO accout? Maybe you could have checked and see if you could upgrade it to a no AF card like QS. CO doesn't give CLI if you receive one in the last 6 months.

Re: Finally axed capital one!

Anonymous — Thu, 02 Aug 2018 17:48:09 GMT

No need to axe Capital One. They are one of my best issuers. If you are building credit and have an annual fee card, that isn’t a reason to axe the issuer. Granted, I am way past the credit building process and never had a card with an annual fee even when I got my first credit card. To be honest, credit issuers usually extend credit without annual fees quite easily even if you have no credit score, such as being a college student and having a bank account and some income coming in. I never understood why people had secured or annual fee based cards to build credit. I can understand why they would be used when someone has poor credit however such as chargeoffs and late payments and the like.

Re: Finally axed capital one!

tcbofade — Thu, 02 Aug 2018 18:11:50 GMT

I'm also getting to the end of my Capital One patience... I've applied for two of their products, and now have six due to bank buy outs... at least one more on the horizon (walmart) and very possibly two... (nationwide).

Once upon a time, they grew nicely, but have been stagnant for years... it might just be time to move on.

Re: Finally axed capital one!

A1Credit — Thu, 02 Aug 2018 20:13:24 GMT

I think the OP was a little impatient and went about it the wrong way. Instead of axing the card, they should have PC'd it to a Quicksilver without the AF, then possible asked for an increase at a later date. Capital One will only grant an increase every 6 months so OP closed the card with Cap One for nothing in my opinion but if they are okay with that then there is nothing else to discuss.

Congrats OP!

Re: Finally axed capital one!

601flyguy — Thu, 02 Aug 2018 21:13:38 GMT

My qs1 started the same way. 300-400-700-1250-3750. I did a pc to the no af qs. Lets see how my next increase goes.

Re: Finally axed capital one!

sdsoccerdad — Fri, 03 Aug 2018 02:10:38 GMT

@Anonymous wrote:
How old was that CO accout? Maybe you could have checked and see if you could upgrade it to a no AF card like QS. CO doesn't give CLI if you receive one in the last 6 months.

It would have been 2 years this November. I've asked them and also check that upgrade link but I've never been eligible. This card served me good. Helped me get through the credit steps and all but at the end of the day it doesn't really have any purpose for me anymore. I know I can spend enough money to wash out the AF but I rather use that money towards travel rewards which will easily be more than the 1.5% cb they offer.

Re: Finally axed capital one!

sdsoccerdad — Fri, 03 Aug 2018 02:13:09 GMT

@A1Credit wrote:
I think the OP was a little impatient and went about it the wrong way. Instead of axing the card, they should have PC'd it to a Quicksilver without the AF, then possible asked for an increase at a later date. Capital One will only grant an increase every 6 months so OP closed the card with Cap One for nothing in my opinion but if they are okay with that then there is nothing else to discuss.

Congrats OP!

Thanks! I thought I was pretty patient. The last increase I received was a year ago. I called and asked for a no Af card since my score has jumped tremendously from the time I started off with them. It was my second card so at the time, it was a good idea. Now that I think of it, I would have probably gone a different route.

Re: Finally axed capital one!

Thatficotho — Fri, 03 Aug 2018 13:45:51 GMT

I just closed 2 of mine too! Feels good only on left with them and a car loan I want refinanced elsewhere in about a year.

Re: Finally axed capital one!

AverageJoesCredit — Fri, 03 Aug 2018 13:52:34 GMT

What's in your wallet?

Re: Finally axed capital one!

Anonymous — Sat, 04 Aug 2018 00:30:28 GMT

@AverageJoesCredit wrote:
What's in your wallet?