topic Re: Cap1 wins again in Credit Cards

Cap1 wins again

CreditDrama85 — Wed, 30 Jan 2008 03:26:50 GMT

i broke down and re-opened all of my accounts today. i just couldnt lose the good history regardless of their nonsense. LOL so this is how they stay in business; even people like me come to their senses and eventuall re-open !

Re: Cap1 wins again

Anonymous — Wed, 30 Jan 2008 03:28:26 GMT

Hey Credit,

Doesn't mean you;re insane, just smart. Lets just hope there are no AFs involved.

Re: Cap1 wins again

CreditDrama85 — Wed, 30 Jan 2008 03:39:11 GMT

2 with annual fee, $19 and $29 and 2 without.....not too bad though copared to other annual fees i have heard about...one of my APRs was lowered from 25.9% to 18.8% so i guess its a start

Message Edited by CreditDrama85 on 01-29-2008 07:39 PM

Re: Cap1 wins again

Anonymous — Wed, 30 Jan 2008 03:41:24 GMT

Not bad at all. Just think you will soon be able to take em or leave em. Just remembe rthe sticky on closing cards. You have ten years to make good even if you close em.

Re: Cap1 wins again

Anonymous — Wed, 30 Jan 2008 14:03:42 GMT

Well, I guess sometimes it is necessary to rekindle old relationships. Especially when it comes to maintaining a good credit score. Did they offer any CLI's when you reopened these accounts?

Re: Cap1 wins again

Anonymous — Wed, 30 Jan 2008 15:07:26 GMT

Credit Drama you gotta do what cha gotta do--thats why I just sock drawer mines as well as HSBC let them work for me paid in full versus letting it work for them--they make no money off a card with no balance

Re: Cap1 wins again

CreditDrama85 — Wed, 30 Jan 2008 17:41:43 GMT

this is very true AWLEGZ, which is exactly why i plan on having a $0 balance for the next few months

Re: Cap1 wins again

score_building — Wed, 30 Jan 2008 18:03:32 GMT

but with 0 balance and no activity, there's no benefit to the consumer, either. why not small puchase and pif, for best fico score result (30% of score) Instead of full sock drawer action, no? In any case it sounds like you got it twisted: you look like the winner here, just keep up the good work. my cap 1 apr reductions as follows: 18.9 to 14.9 to 11.9 and effective apr on my last satement 11.74 due to the fed rate cuts i'd imagine. Brace yourself to receive more reductions going forward

Message Edited by score_building on 01-30-2008 10:01 AM

Message Edited by score_building on 01-30-2008 10:03 AM

Re: Cap1 wins again

Creditaddict — Wed, 30 Jan 2008 17:58:04 GMT

why don't you consolidate them to 1 account?

Re: Cap1 wins again

CreditDrama85 — Wed, 30 Jan 2008 21:11:48 GMT

i dont think i can...i have never tried.i guess i see having more cards as more potential for a cli on all of them in the future. i think if i combine cls, i will be less likely to get a cli...and with 0 balance and no activity, it does benefit the customer because it is an OPEN tradeline that is factored into your utilization....just make sure to use the card once every 3 months for 5 dollars or something.

Message Edited by CreditDrama85 on 01-30-2008 01:11 PM

Re: Cap1 wins again

Anonymous — Wed, 30 Jan 2008 21:15:09 GMT

zero balance on their card is fine other trade lines are reporting balances -FICO likes to see no more than 1/2 TL accounts showing a balance--so thats one less to worry about IMO---also yes you can use for something minor every so many months if you choose to show activity but i was advised by a Cap 1 Account Specialist that they wouldnt cancel account for non use unless you called and advised them to do so- as long as account is good standings...so.........