topic CapOne CL Reallocation in Credit Cards

CapOne CL Reallocation

SoCalifornia — Sun, 12 May 2019 18:51:59 GMT

So, there's no real way to know when CapOne will reinstate their function of combining accounts. Having spoken to countless reps, I've been told 'perhaps a couple of weeks' or 'maybe after this month' or 'check online as early as tomorrow' and 'when it happens, you will receive an email'. Probably the only thing they haven't said is, that it has been permanently removed. In fact, I've been reassured every time that it has not. So, the the only certainty is that, it will be back one day.

But alas! Something that I know about CapOne is that they aren't shy to credit reallocation. However, I've never done it, maybe someone here has. And if so, perhaps it's a loop-hole, even if you had to sacrifice a small portion. I'm not aware of a credit minimum, is there one and if so, what is it?

If I were to call and ask for my limit (or most of it, given a minimum) from card #2 be reallocated to card #1 and have card #2 closed, would this work? Or would they just call that account combination and remind me that option isn't available at this time? 🤔

Re: CapOne CL Reallocation

tcbofade — Sun, 12 May 2019 19:06:27 GMT

@SoCalifornia wrote:
So, there's no real way to know when CapOne will reinstate their function of combining accounts. Having spoken to countless reps, I've been told 'perhaps a couple of weeks' or 'maybe after this month' or 'check online as early as tomorrow' and 'when it happens, you will receive an email'. Probably the only thing they haven't said is, that it has been permanently removed. In fact, I've been reassured every time that it has not. So, the the only certainty is that, it will be back one day.

But alas! Something that I know about CapOne is that they aren't shy to credit reallocation. However, I've never done it, maybe someone here has. And if so, perhaps it's a loop-hole, even if you had to sacrifice a small portion. I'm not aware of a credit minimum, is there one and if so, what is it?

If I were to call and ask for my limit (or most of it, given a minimum) from card #2 be reallocated to card #1 and have card #2 closed, would this work? Or would they just call that account combination and remind me that option isn't available at this time? 🤔

That would be my thought, but I don't know that...

Re: CapOne CL Reallocation

FinStar — Sun, 12 May 2019 19:09:13 GMT

Unfortunately, CL reallocations are not performed by Capital One, regardless of product. The account combination feature still appears to be disabled until further notice. When the account combination feature was available, there was no option to partially reallocate the CL, it was either all or nothing.

Re: CapOne CL Reallocation

nax — Sun, 12 May 2019 19:12:56 GMT

It looks like they are setting it up again online, I can get throught most of the steps but the last one gives a "not ready yet message" posted screen shots here, this is for combining accounts and not realocation.

https://ficoforums.myfico.com/t5/Credit-Cards/Capital-One-Account-Combine-CAN-IT-BE/m-p/5604836#M1640277

Re: CapOne CL Reallocation

SoCalifornia — Sun, 12 May 2019 19:19:10 GMT

@tcbofade
It probably took me as long to pose the question on myFICO than it would have to call and inquire, but I had to break up the monotony.

@finster
I suppose I had outdated information. I thought one upon a time they were cool with allocating limits. Thanks for humoring me tho 😅

Re: CapOne CL Reallocation

SoCalifornia — Sun, 12 May 2019 19:21:32 GMT

Well crap @nax
Maybe they are finally going to fire up the ol' option. That's good Intel. Let's keep one another posted

Re: CapOne CL Reallocation

nax — Sun, 12 May 2019 19:25:20 GMT

Oh yes @midknightocd, It changed a couple days ago and I have been attempting twice a day since 😂 and stalking the forums to see if anyone posts about being able to do it. I know I have bucketed cards and I just want to zap them away!

Re: CapOne CL Reallocation

SoCalifornia — Sun, 12 May 2019 19:31:33 GMT

Also, I just verified the Intel supplied by @nax

Guided me through quickly, then lagged in loading just before I got to the final screen of "not currently available"

Definitely. Now you've kicked my OCD up. Crossing my fingers!