topic Re: Good Ole Cap One updated in Credit Cards

Good Ole Cap One

SoCalifornia — Sun, 26 May 2019 19:57:40 GMT

It's painstakingly clear CapOne is in no hurry to restore account combinations. I have two CapOne cards, PC'd QS and QS1. The QS is 3 years old and the QS1 is 1 year old. Apparently bucketed with low CL's.

I originally wanted to combine the QS1 into the QS, since it is the older account and just let it be a low revolver for age purposes. It could be a good back up card for my daughter if I could just absorb them into one another. But, I'm at the dilemma of just closing both sub prime cards.

I'm on the fence if it is counterproductive to let them age or let them go. Should I just let them sit in CL purgatory (pending someday combination) or put them out of their misery?

Re: Good Ole Cap One

SBR249 — Sun, 26 May 2019 20:04:15 GMT

Close the QS1 and leave the QS in the sock drawer.

You said it yourself, both are low CL bucketed cards, I doubt combining them will get you a much higher or more useful CL as you said. To add to that, the QS is the older one so combining the QS1 into the QS would leave you with a card exactly as old as the QS. Since the QS1 has an AF and costs money to keep around, close it and leave the other one to gather dust.

Re: Good Ole Cap One

AverageJoesCredit — Sun, 26 May 2019 20:47:52 GMT

Lol, plenty of 1.5% Cash back cards out there who only pull once, maybe twice (still better than 3 ) id invest my time in a different lender and you can always revist CapOne for their other cards when your profile is better.

Re: Good Ole Cap One

SoCalifornia — Sun, 26 May 2019 21:10:38 GMT

@AverageJoesCredit wrote:
Lol, plenty of 1.5% Cash back cards out there who only pull once, maybe twice (still better than 3 ) id invest my time in a different lender and you can always revist CapOne for their other cards when your profile is better.

When it comes to 1.5% cash back, my CFU gets the job done. It has only taken a backseat due to the cash back match with my Disco. And since I'm currently gardening presumably for two years, I will probably look to a second Dicover card down the road or consider getting in with Citi. Other than that, I'm keeping my deck tight. I certainly have no desire to do business with CapOne in the future, after these Quicksilvers are done.

Re: Good Ole Cap One

SoCalifornia — Sun, 26 May 2019 21:17:35 GMT

@SBR249 wrote:
Close the QS1 and leave the QS in the sock drawer.

You said it yourself, both are low CL bucketed cards, I doubt combining them will get you a much higher or more useful CL as you said. To add to that, the QS is the older one so combining the QS1 into the QS would leave you with a card exactly as old as the QS. Since the QS1 has an AF and costs money to keep around, close it and leave the other one to gather dust.

Solid advice. What irks me is that my older, QS has the lower limit of the two, while the QS1's AF is practically pointless. I might let them sit to the end of the year and if no CLI's or combinations unfold, it's curtains.

Re: Good Ole Cap One

Anonymous — Sun, 26 May 2019 21:36:40 GMT

How much time are you spending thinking about this and how often?

If it's often then it's time to make a decision and give them the axe or throw it in a shredder and let it expire or wait for the renewal card.

Re: Good Ole Cap One

AverageJoesCredit — Sun, 26 May 2019 22:06:21 GMT

#justsaynotoCapOne Noice

Re: Good Ole Cap One

Anonymous — Sun, 26 May 2019 22:34:08 GMT

Everyone should close their bucketed capital one cards if possible. Maybe we can send a message to them about their annoying quirks, such as buckets, secured cards that don’t graduate, non-combinable cards... or at the very least we can simplify our lives and stop worrying about when capital one is going to finally raise the CLI another hundred bucks on a card we don’t need anymore anyway. I’ll just stick with Citi double cash for general spend. All of my other cards are better than my quicksilver was.

Re: Good Ole Cap One

NaaryalHead — Mon, 27 May 2019 00:02:05 GMT

Yup, say no to Crap One bucketed cards. So many better 2%, 3% cards out there without buckets and AF. Like citi DC etc.

Re: Good Ole Cap One

CreditInspired — Mon, 27 May 2019 00:19:12 GMT

@Anonymous wrote:
Everyone should close their bucketed capital one cards if possible. Maybe we can send a message to them about their annoying quirks, such as buckets, secured cards that don’t graduate, non-combinable cards... or at the very least we can simplify our lives and stop worrying about when capital one is going to finally raise the CLI another hundred bucks on a card we don’t need anymore anyway. I’ll just stick with Citi double cash for general spend. All of my other cards are better than my quicksilver was.

That's not happening. There are way too many people who thank Cap1 for giving them a chance and Cap1 has been a lifesaver, when every other creditor gave them the stinkeye.

For those of us--and I was one of them--who have outgrown Cap1 and don't need them anymore, just close the card. That's what I did in 2010. Sometimes it's just time to say goodbye--no hard feelings.

Re: Good Ole Cap One

Brian_Earl_Spilner — Mon, 27 May 2019 00:18:45 GMT

Lol, I'll never understand the cap1 hate. If you're re/building, they'll give you a card. If your credit sucks they'll give you a card. If you have good credit, they'll give you awesome cards with great limits. You get what you deserve based on your credit.

As for the triple pull, Chase does a double, amex and Citi have been known to occasionally double pull. Credit unions HP just for logging into your account. It won't count after a year and it'll be gone in 2. Same as every other lender. Everyone acts like they triple pull EX.

I will always keep a slot open in my wallet for a Cap1 product. They're the only bank that I've had through good and bad credit, and as @UncleB will attest, they always work with no issues.

OP: Close it if you feel you need to, but I recommend you hold out for a combination as long as you can. If the AF is coming up, request it be waived. Mine was waived and others have had partial waivers.

Re: Good Ole Cap One

UncleB — Mon, 27 May 2019 00:20:50 GMT

@Brian_Earl_Spilner wrote:
Lol, I'll never understand the cap1 hate. If you're re/building, they'll give you a card. If your credit sucks they'll give you a card. If you have good credit, they'll give you awesome cards with great limits. You get what you deserve based on your credit.

As for the triple pull, Chase does a double, amex and Citi have been known to occasionally double pull. Credit unions HP just for logging into your account. It won't count after a year and it'll be gone in 2. Same as every other lender. Everyone acts like they triple pull EX.

I will always keep a slot open in my wallet for a Cap1 product. They're the only bank that I've had through good and bad credit, and as @UncleB will attest, they always work with no issues.

OP: Close it if you feel you need to, but I recommend you hold out for a combination as long as you can. If the AF is coming up, request it be waived. Mine was waived and others have had partial waivers.

+1 - This ^^^ is spot-on.

Re: Good Ole Cap One

pinkandgrey — Mon, 27 May 2019 00:54:30 GMT

@AverageJoesCredit wrote:
Lol, plenty of 1.5% Cash back cards out there who only pull once, maybe twice (still better than 3 ) id invest my time in a different lender and you can always revist CapOne for their other cards when your profile is better.

^^^This^^^ If it were me, I’d close them both and focus my energy on better cards. AAoA won’t be affected for many years.

Re: Good Ole Cap One

SoCalifornia — Mon, 27 May 2019 01:00:04 GMT

@pinkandgrey wrote:
@AverageJoesCredit wrote:
Lol, plenty of 1.5% Cash back cards out there who only pull once, maybe twice (still better than 3 ) id invest my time in a different lender and you can always revist CapOne for their other cards when your profile is better.
^^^This^^^ If it were me, I’d close them both and focus my energy on better cards. AAoA won’t be affected for many years.

I was hoping you'd chime in P&G. You are, afterall, my card closing hero 🤩😂

Re: Good Ole Cap One updated

SoCalifornia — Mon, 27 May 2019 04:24:51 GMT

Well, the QS1 is no more- certainly felt weird axing it. But, since it was my only AF card, I'm quickly over it. I will sit on the Quicksilver for a moment and see if Cap throws anything my way. Could just be wishful thinking 🤔

Other cards are requiring my use this year and the second QS was splitting the difference of the CapOne portion. Now, the spending QS1 was seeing can be spread accordingly. And perhaps, the Quicksilver could get rebucketed and grow or PC. To be seen.

Re: Good Ole Cap One updated

howellco2 — Tue, 28 May 2019 21:52:55 GMT

I did the pre qual and for the first time I was offered the savor with and with out AF and the QS with out AF I currently have the QS with a AF and a 2600 limit that they wont give me a cli on over 3 years now ... was thinking of applying for the no AF Savor will the let me move the 2600 to it or not ?

Re: Good Ole Cap One updated

FinStar — Tue, 28 May 2019 23:18:49 GMT

@howellco2 wrote:
I did the pre qual and for the first time I was offered the savor with and with out AF and the QS with out AF I currently have the QS with a AF and a 2600 limit that they wont give me a cli on over 3 years now ... was thinking of applying for the no AF Savor will the let me move the 2600 to it or not ?

Unfortunately, Capital One does not reallocate CLs, whether from core or partnership CCs.

Re: Good Ole Cap One updated

Anonymous — Tue, 28 May 2019 23:38:18 GMT

Curious why you would close the account? I mean does it not help your credit profile overall? And is it being reported as a subprime and lenders see when you apply for credit? I started out with Cap1 with the platinum card and upgraded into the quicksilver one and now the Venture One, but I guess its still the platinum card with Venture One benefits. $4500 CL that I am trying to up, but its been a upward battle.

Re: Good Ole Cap One updated

SoCalifornia — Wed, 29 May 2019 00:57:08 GMT

@Anonymous wrote:
Curious why you would close the account? I mean does it not help your credit profile overall? And is it being reported as a subprime and lenders see when you apply for credit? I started out with Cap1 with the platinum card and upgraded into the quicksilver one and now the Venture One, but I guess its still the platinum card with Venture One benefits. $4500 CL that I am trying to up, but its been a upward battle.

Some people choose 20 cards, some choose 5. Some have better relationships with some lenders while some do well with others. I have a small spread of cards that I love and I want to focus all spend through them. I'm not going to be concerned with my sub-prime, because that's what they are and they served their purpose long enough. Limits are stunted and low and there will be no more growth with them. I am gardening and growing accounts that will. Any 'loss' occurred by relieving Cap of its duty will be minimal. If I were stuck with a $4,500 limit, rather a $500 and $300 limit, perhaps that would be different. I have other cards in sight after at least a year of gardening. Looking forward. ✌🏽

Re: Good Ole Cap One updated

Anonymous — Wed, 29 May 2019 02:08:31 GMT

@FenderGuy

It's all subjective to each person and where they are in their journey. When you're starting out or recovering from bad habits it's drilled into your thinking to never close a card because it was difficult to get it and you need it for age. When you start picking up better options that first card starts headed for the SD for less use because it's a stubborn low limit card but, you keep it alive because it's your oldest. Things keep getting better and you start finding yourself hitting those mile stones like 5K, 10K, 15K and so on and your old first date is collecting dust in a drawer. The fever to keep it active is dwindling year after year to the point it's been 2 years since you put a pack of gum on it. Eventually it's time to consider a divorce and you struggle back and forth with the decision for another couple of years while that card clings to life support. Finally you smother it with a pillow and don't look back.

Cards are someitmes only there for a singular purpose like generating a credit score to get something better down the road. Everyone eventually comes to the realization of that purpose being served and eventually will cut ties when they forget to use it and it gets closed. Some just prefer to pull the trigger themselves.

topic Re: Good Ole Cap One *updated* in Credit Cards

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topic Re: Good Ole Cap One updated in Credit Cards

Re: Good Ole Cap One updated

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Re: Good Ole Cap One updated