topic Re: CapOne Upgrade in Credit Cards

CapOne Upgrade

visorboy1974 — Sat, 30 Jul 2011 20:48:22 GMT

So I've been suffering through the past 3 years with the CapOne subprime Platinum card with no rewards but a decent $3000 credit limit. It's my second oldest line and with the introduction of 2 other rewards cards with $15K+ limits, the time came where I was seriously considering closing the account and not worrying about it being among my oldest open TLs. The past year I've been hitting that Modify Your Features tab to no avail so I have pretty much stopped using the card.

In the mail today I received an offer to upgrade to the VentureOne card (1.25 points/$1 spent). I couldn't call them fast enough! Gone is the annual fee for the card and I also retain no FETF as well. I know it's not the Venture where you get 2 points/$1 spent, but I'll certainly take it! Very happy now and I can quite possibly shut down my Juni card...especially if they institute an AF like they seem to be doing to everybody else.

Re: CapOne Upgrade

Anonymous — Sat, 30 Jul 2011 21:09:45 GMT

Thats awesome, congrats

Re: CapOne Upgrade

Anonymous — Sun, 31 Jul 2011 15:49:05 GMT

Congrats!

I got the same offer in the mail yesterday...I tried to log into my account last night but it was shut down, so this morning I logged in and click "modify your features"....but it said nothing was available at this time as always. It did say in the mailer to call them. But since it's Sunday, guess I have to wait till tomorrow.

Could you tell me your experience with the upgrade....did they change your APR, Limit, etc..? Curious because I have a $4000 limit on my Platinum card and from the research I have done on there website under terms and conditions for the VentureOne card, apparently there are two kinds...If you qualify for a limit of $5000 or more you get the signature card...Less the $5000 it's just a platinum card but the minimum limit is $3000.

Re: CapOne Upgrade

Anonymous — Sun, 31 Jul 2011 16:21:50 GMT

Congrats! I'm very happy for you. Also, I hope that, between you and Maverick79, this is a good sign for the rest of us. I've have a Cap1 Platinum Visa for years and was just given a $5000 CLI a couple of months ago. I'd love to be able to PC it to a rewards card, like either of the Ventures. We'll see what, if anything, happens.

Re: CapOne Upgrade

Anonymous — Sun, 31 Jul 2011 17:02:17 GMT

@Anonymous wrote:
Congrats!

I got the same offer in the mail yesterday...I tried to log into my account last night but it was shut down, so this morning I logged in and click "modify your features"....but it said nothing was available at this time as always. It did say in the mailer to call them. But since it's Sunday, guess I have to wait till tomorrow.

Could you tell me your experience with the upgrade....did they change your APR, Limit, etc..? Curious because I have a $4000 limit on my Platinum card and from the research I have done on there website under terms and conditions for the VentureOne card, apparently there are two kinds...If you qualify for a limit of $5000 or more you get the signature card...Less the $5000 it's just a platinum card but the minimum limit is $3000.

Actually, Capital One reps are there 24/7.

Re: CapOne Upgrade

visorboy1974 — Sun, 31 Jul 2011 17:24:37 GMT

@Anonymous wrote:
@Anonymous wrote:
Congrats!

I got the same offer in the mail yesterday...I tried to log into my account last night but it was shut down, so this morning I logged in and click "modify your features"....but it said nothing was available at this time as always. It did say in the mailer to call them. But since it's Sunday, guess I have to wait till tomorrow.

Could you tell me your experience with the upgrade....did they change your APR, Limit, etc..? Curious because I have a $4000 limit on my Platinum card and from the research I have done on there website under terms and conditions for the VentureOne card, apparently there are two kinds...If you qualify for a limit of $5000 or more you get the signature card...Less the $5000 it's just a platinum card but the minimum limit is $3000.
Actually, Capital One reps are there 24/7.

In the letter, they just mentioned Mon-Sat for the number listed.

Re: CapOne Upgrade

visorboy1974 — Sun, 31 Jul 2011 17:26:15 GMT

@Anonymous wrote:
Congrats!

I got the same offer in the mail yesterday...I tried to log into my account last night but it was shut down, so this morning I logged in and click "modify your features"....but it said nothing was available at this time as always. It did say in the mailer to call them. But since it's Sunday, guess I have to wait till tomorrow.

Could you tell me your experience with the upgrade....did they change your APR, Limit, etc..? Curious because I have a $4000 limit on my Platinum card and from the research I have done on there website under terms and conditions for the VentureOne card, apparently there are two kinds...If you qualify for a limit of $5000 or more you get the signature card...Less the $5000 it's just a platinum card but the minimum limit is $3000.

I didn't really ask...just wanted to do the conversion. I think if you're so close to the Siggy limit, they'll convert you to the siggy card.

Re: CapOne Upgrade

Anonymous — Sun, 31 Jul 2011 21:59:52 GMT

Congrats on the upgrade offer. When you accepted, was there a hard pull performed or was it a simple upgrade? This won't show up on your credit reports as a completely new account will it?

Re: CapOne Upgrade

visorboy1974 — Sun, 31 Jul 2011 22:02:58 GMT

@Anonymous wrote:
Congrats on the upgrade offer. When you accepted, was there a hard pull performed or was it a simple upgrade? This won't show up on your credit reports as a completely new account will it?

The letter states that it's not a new account, just an upgraded one and there was no hard pull whatsoever. I get to keep the age!

Re: CapOne Upgrade

Anonymous — Sun, 31 Jul 2011 22:10:33 GMT

Congrats! I hope to be as fortunate soon.

Re: CapOne Upgrade

visorboy1974 — Sun, 31 Jul 2011 22:14:24 GMT

@Anonymous wrote:
Congrats! I hope to be as fortunate soon.

Thanks!

Re: CapOne Upgrade

clocktick — Tue, 02 Aug 2011 03:04:13 GMT

Can you please share the number they gave you?

Re: CapOne Upgrade

Anonymous — Tue, 02 Aug 2011 20:20:12 GMT

I finally got a chance to call in this morning at the number given on the invite and asked a bunch of questions...Basically you keep the terms and limit of your current card and they just upgrade your account to a VentureOne so you can earn miles. Same account, no credit pull, keep all your history...was hoping for a lower APR and a limit increase but my APR is already lower than their highest rate on a new app for a VentureOne so I still took the offer, will get my new card in 7-10 days and we will see if I get a siggy one or not, forgot to ask that question.

But I say if it's a free upgrade and no inquiry and no annual fee...there was no reason not to take it!

Re: CapOne Upgrade

MagicShot — Tue, 02 Aug 2011 21:26:57 GMT

@Anonymous wrote:
I finally got a chance to call in this morning at the number given on the invite and asked a bunch of questions...Basically you keep the terms and limit of your current card and they just upgrade your account to a VentureOne so you can earn miles. Same account, no credit pull, keep all your history...was hoping for a lower APR and a limit increase but my APR is already lower than their highest rate on a new app for a VentureOne so I still took the offer, will get my new card in 7-10 days and we will see if I get a siggy one or not, forgot to ask that question.

But I say if it's a free upgrade and no inquiry and no annual fee...there was no reason not to take it!

Rewards are better than no rewards!

Re: CapOne Upgrade

Anonymous — Tue, 02 Aug 2011 23:29:17 GMT

@Anonymous wrote:
I finally got a chance to call in this morning at the number given on the invite and asked a bunch of questions...Basically you keep the terms and limit of your current card and they just upgrade your account to a VentureOne so you can earn miles. Same account, no credit pull, keep all your history...was hoping for a lower APR and a limit increase but my APR is already lower than their highest rate on a new app for a VentureOne so I still took the offer, will get my new card in 7-10 days and we will see if I get a siggy one or not, forgot to ask that question.

But I say if it's a free upgrade and no inquiry and no annual fee...there was no reason not to take it!

I just did the upgrade as well, and I asked about a CLI. She said she recommends waiting until I get the new card, then requesting a CLI at activation. I took that to mean she didn't have the power to do it herself.

Re: CapOne Upgrade

MagicShot — Tue, 02 Aug 2011 23:34:34 GMT

Did they pull your credit for the upgrade? I have a cap one but still an old builder card want upgrade it or get rid of it but holding because of age.

Re: CapOne Upgrade

Anonymous — Wed, 03 Aug 2011 00:14:53 GMT

@MagicShot wrote:
Did they pull your credit for the upgrade? I have a cap one but still an old builder card want upgrade it or get rid of it but holding because of age.

This was by invitation and was specifically described in the letter as an upgrade. No credit pull. The CSR said it was a reward for being a good customer and because I didn't currently have any rewards on my card. The card started as a Credit Steps in 2008, so it's just the basic no-frills platinum. I imagine if you wanted to PC without the invitation they might do a hard pull.

Re: CapOne Upgrade

visorboy1974 — Wed, 03 Aug 2011 00:27:23 GMT

@MagicShot wrote:
@Anonymous wrote:
I finally got a chance to call in this morning at the number given on the invite and asked a bunch of questions...Basically you keep the terms and limit of your current card and they just upgrade your account to a VentureOne so you can earn miles. Same account, no credit pull, keep all your history...was hoping for a lower APR and a limit increase but my APR is already lower than their highest rate on a new app for a VentureOne so I still took the offer, will get my new card in 7-10 days and we will see if I get a siggy one or not, forgot to ask that question.

But I say if it's a free upgrade and no inquiry and no annual fee...there was no reason not to take it!
Rewards are better than no rewards!