topic Re: Help!! Capital One Product Change Offer in Credit Cards

Help!! Capital One Product Change Offer

Harmony12 — Tue, 25 Sep 2018 14:23:52 GMT

I have two CC with Captial One.

- Platinum $600CL 26.65%APR - AF $19

-Quicksilver One $500CL 24.65%APR -$39AF

Yesterday, I was offered to PC my Platinum to a QS1 with the same fees and APR. I wasn't offered anything for my current QS1. Should I take the offered PC or wait for a better offer? I think I have read that its hard to PC a QS1 which is why I'm hesitant. I would rather have a Venture or Savor anyway.

Re: Help!! Capital One Product Change Offer

K-in-Boston — Tue, 25 Sep 2018 14:30:48 GMT

Have you checked the link here to see if you can move to any other cards?

https://ficoforums.myfico.com/t5/Credit-Cards/Capital-One-check-for-upgrade-link/m-p/4934733#M1441980

Re: Help!! Capital One Product Change Offer

HeavenOhio — Tue, 25 Sep 2018 14:54:35 GMT

@Harmony12, I'd skip the offer. It's really hard to change Capital One cards with fees into no-fee cards. And based on information provided here on the forum, if you PC, subsequent offers to PC won't appear again for at least six months. You don't want to make this any more complicated than it already is.

In the meantime, use each card every month, make a payment every month, and call in every month to check for offers. I was able to PC two QS1 cards after 12 or 13 consecutive months of usage and payments. We don't have the data points to prove that my tack is actually what caused the offers to appear, but it doesn't hurt to try.

Also note that Savor offers have never appeared via the link above. To find out of you have those available, it's been necessary to call in or chat. However, since the recent changes, we haven't heard of any Savor or SavorOne PC offers at all. It might be that we'll have to wait a few months for those to become available.

Re: Help!! Capital One Product Change Offer

Harmony12 — Tue, 25 Sep 2018 14:54:36 GMT

K-in-Boston,

I checked the link and called. I got the same response...PC Platinum to QS1.

Re: Help!! Capital One Product Change Offer

Harmony12 — Tue, 25 Sep 2018 15:01:45 GMT

HeavenOhio,

I have had both cards for 3-4 years without a CL increase. I didn't complete the steps program when I first got them and now everytime I ask for a CL increase I get declined. I will hold off on the PC as my FICO scores are consistently increasing. I hoping to get a PC offer or CL increase soon.

Re: Help!! Capital One Product Change Offer

Anonymous — Tue, 25 Sep 2018 15:17:33 GMT

Just recently PC my cap one quicksilver one into a regular quicksilver with no fee.

They also gave me the option of the venture and venture one cards .

Re: Help!! Capital One Product Change Offer

Harmony12 — Tue, 25 Sep 2018 19:15:48 GMT

Lj2815,
 
How long have you had your QS1 and what were your stats?

Re: Help!! Capital One Product Change Offer

CivalV — Tue, 25 Sep 2018 15:36:05 GMT

This makes me feel better. Maybe I should wait 6 months to see if I can upgrade my QuickSilverOne into a QS or Venture.

Re: Help!! Capital One Product Change Offer

Anonymous — Tue, 25 Sep 2018 16:41:38 GMT

I go back with capital one since November 2014. Started at 300cl now I’m at 7800 (had that in a year). For me it’s my daily driver card for everything right now . I charge about 3-5k a month and usually either zero it out or leave 1k.

I believe the PC was due to my history and relationship with cap one instead of my scores because as you can see those are crap right now .

Re: Help!! Capital One Product Change Offer

Harmony12 — Tue, 25 Sep 2018 21:27:06 GMT

Lj2815,

I guess I have a "love/hate relationship" with Capital One. They were the first to give me credit during my rebuild stage and they just approved me for an auto loan with for 9.31% (my last auto loan about 22%). I want to stick with them because they have been sticking with me even when I went back to school and couldn't afford to pay at times. I'm going to continue my on time payments. I have PIF my Platinum and I leave a balance on my QS1. I will PIF my QS1 soon. I'm hoping with 3-4 months they will give me a nice PC offer and CL increase.

Re: Help!! Capital One Product Change Offer

Shooting-For-800 — Tue, 25 Sep 2018 19:09:37 GMT

I would wait until your scores are 50 points higher.

At that time, it may be better for you to apply for a different Cap One card and combine them both into the new one.

As your score goes up, your ability to get better cards with better limits will also.

Bucketting may keep your old cards where they are now.

GL!

Re: Help!! Capital One Product Change Offer

Harmony12 — Tue, 25 Sep 2018 21:28:23 GMT

I hope to get prequalifed for a Venture or Savor then.

Re: Help!! Capital One Product Change Offer

SweetCreditObsession — Tue, 25 Sep 2018 22:06:50 GMT

@OP, Why go no AF to AF? Your interest rate will be which ever one is higher. I'd sit tight until you get a QS offer. The benefits are the same with no AF.

Re: Help!! Capital One Product Change Offer

FireMedic1 — Tue, 25 Sep 2018 22:07:38 GMT

When I got the QS, then Venture, then Savor I had moved up to the 700 range. Whatever is holding your score down. Get that worked out and then apply. Second cards are always higher with lower APR's this applies to Discover also. GL!

Re: Help!! Capital One Product Change Offer

Shooting-For-800 — Wed, 26 Sep 2018 00:19:28 GMT

Just keep checking prequals.

I would not cold apply to Savor or Venture with scores much below 700.

GL!

Re: Help!! Capital One Product Change Offer

Harmony12 — Wed, 26 Sep 2018 11:34:50 GMT

SweetCreditObsession,

I currently have an AF for both cards. I would rather not have an AF but if I do I want the card to be worth it.