topic Re: Cap 1 - Product Change in Credit Cards

Cap 1 - Product Change

RockinRay — Thu, 23 Aug 2012 13:28:39 GMT

I was able to product change from the Venture (fee) to the Cash Rewards card today with the 1% plus 50% year end bonus.

It was no problem to make this switch and I like the cash rewards as we do not travel that much. The 50% year end bonus will enable this card to fit quite well in to my portfolio. It will replace my USAA WMC as my everyday spending card.

For travel cards, I still have my Chase Southwest Visa as well as my Delta Amex Gold. I do not mind paying the annual fees on these two cards.

YMMV - but this PC was super easy for me.

Re: Cap 1 - Product Change

Iincognito — Thu, 23 Aug 2012 15:15:12 GMT

@RockinRay wrote:
I was able to product change from the Venture (fee) to the Cash Rewards card today with the 1% plus 50% year end bonus.

It was no problem to make this switch and I like the cash rewards as we do not travel that much. The 50% year end bonus will enable this card to fit quite well in to my portfolio. It will replace my USAA WMC as my everyday spending card.

For travel cards, I still have my Chase Southwest Visa as well as my Delta Amex Gold. I do not mind paying the annual fees on these two cards.

YMMV - but this PC was super easy for me.

Nice, well done! It should be pretty easy with their prime cards, but very difficult, if not impossible, with the builder cards.

Re: Cap 1 - Product Change

CS800 — Thu, 23 Aug 2012 16:12:06 GMT

Nice !!

How long did you have the previous card?

I have a rebuilder card with them that doesnt want to grow past $1100 CL. Would like the green cashback card too. But not willing to take a hit on all 3

Re: Cap 1 - Product Change

jsucool76 — Thu, 23 Aug 2012 19:37:57 GMT

@CS800 wrote:
Nice !!

How long did you have the previous card?

I have a rebuilder card with them that doesnt want to grow past $1100 CL. Would like the green cashback card too. But not willing to take a hit on all 3

It's definitely possible to PC your rebuilder card if it is a platinum or something other than like a secured. They PCd my Cap1 Platinum MC to the cash rewards with no issue after having it for 2 weeks, unless they only do it with people with higher limits. Cap1 is a little bit crazy.

Re: Cap 1 - Product Change

bichonmom — Thu, 23 Aug 2012 19:42:25 GMT

@jsucool76 wrote:
@CS800 wrote:
Nice !!

How long did you have the previous card?

I have a rebuilder card with them that doesnt want to grow past $1100 CL. Would like the green cashback card too. But not willing to take a hit on all 3
It's definitely possible to PC your rebuilder card if it is a platinum or something other than like a secured. They PCd my Cap1 Platinum MC to the cash rewards with no issue after having it for 2 weeks, unless they only do it with people with higher limits. Cap1 is a little bit crazy.

I don't agree. I spoke w/Cap One about PCing my $500 "platinum" MC and they informed me that it isn't eligible for PC. I would need to apply for a different card w/3 HP. There is a definite difference between Cap One's prime and sub-prime, and the word, "platinum" really means nothing in relation to that or ability to PC.

You probably had a prime CC, which was eligible for PC.

Re: Cap 1 - Product Change

bichonmom — Thu, 23 Aug 2012 19:43:45 GMT

Congrats, Ray! That card looks nice. I just don't want to take 3 hits for it.

Re: Cap 1 - Product Change

jsucool76 — Thu, 23 Aug 2012 19:46:14 GMT

@bichonmom wrote:
@jsucool76 wrote:
@CS800 wrote:
Nice !!

How long did you have the previous card?

I have a rebuilder card with them that doesnt want to grow past $1100 CL. Would like the green cashback card too. But not willing to take a hit on all 3
It's definitely possible to PC your rebuilder card if it is a platinum or something other than like a secured. They PCd my Cap1 Platinum MC to the cash rewards with no issue after having it for 2 weeks, unless they only do it with people with higher limits. Cap1 is a little bit crazy.

I don't agree. I spoke w/Cap One about PCing my $500 "platinum" MC and they informed me that it isn't eligible for PC. I would need to apply for a different card w/3 HP. There is a definite difference between Cap One's prime and sub-prime, and the word, "platinum" really means nothing in relation to that or ability to PC.

You probably had a prime CC, which was eligible for PC.

Nope, was just a regular platinum card I applied for. I even asked them (since my CL was unbelievably high compared to other cap1's I have seen, especially since I had NO credit history at all at time of app) if I had the platinum or the platinum prestige (their prime plat) and they told me it was the regular "average" platinum card.

Re: Cap 1 - Product Change

RockinRay — Thu, 23 Aug 2012 20:41:03 GMT

I had the card for about 6 weeks. The chat rep was very nice about the change and it took all of 10 min to get it done.

Re: Cap 1 - Product Change

DeadSpider — Thu, 23 Aug 2012 20:50:59 GMT

How would somebody know if they got Cap1 builder or prime ?

Two months after my BK back in 2004 I was send pre approved letter from Cap1 and got approved for $200 unsecured which is now at $6500 and no AF.

Thinking of maybe PC to someting else.

Re: Cap 1 - Product Change

jsucool76 — Thu, 23 Aug 2012 21:03:34 GMT

Cap1s "average" cards (from what I've read) cap at a $3000 initial limit, and at $3500 (after the credit steps CLI), but it might still be a "builder" card since that was all through CLIs, however, you're pretty much in prime-land with cap1. They tend to look more favorably upon people with higher CLs from what I've read. How did you get so many CLIs if you don't mind me asking.

Re: Cap 1 - Product Change

LS2982 — Thu, 23 Aug 2012 22:34:00 GMT

@RockinRay wrote:
I was able to product change from the Venture (fee) to the Cash Rewards card today with the 1% plus 50% year end bonus.

It was no problem to make this switch and I like the cash rewards as we do not travel that much. The 50% year end bonus will enable this card to fit quite well in to my portfolio. It will replace my USAA WMC as my everyday spending card.

For travel cards, I still have my Chase Southwest Visa as well as my Delta Amex Gold. I do not mind paying the annual fees on these two cards.

YMMV - but this PC was super easy for me.

CONGRATS!!

Always nice to hear somebody getting some Cap1 rare luv!

Re: Cap 1 - Product Change

DeadSpider — Thu, 23 Aug 2012 22:46:26 GMT

I never asked for CLI it kinda went up on it's own. I do remember at one point I got 2 or 3k CLI and that was the end of it.

My Cap1 is Visa Platinum if that means anything and the account was opened in 2005.

Re: Cap 1 - Product Change

jsucool76 — Thu, 23 Aug 2012 22:42:53 GMT

@DeadSpider wrote:
I never asked for CLI it kinda went up on it's own. I do remember at one point i got 2 or 3k CLI and that was the end of it.

Damn, I hope they treat me like that. Haha

Re: Cap 1 - Product Change

Anonymous — Thu, 23 Aug 2012 23:06:48 GMT

Re: Cap 1 - Product Change

LS2982 — Thu, 23 Aug 2012 23:10:54 GMT

I've pretty much given up on any upgrades with cap1, they'll get my recurring charges and that's it.

Re: Cap 1 - Product Change

RockinRay — Thu, 23 Aug 2012 23:25:25 GMT

@LS2982 wrote:
@RockinRay wrote:
I was able to product change from the Venture (fee) to the Cash Rewards card today with the 1% plus 50% year end bonus.

It was no problem to make this switch and I like the cash rewards as we do not travel that much. The 50% year end bonus will enable this card to fit quite well in to my portfolio. It will replace my USAA WMC as my everyday spending card.

For travel cards, I still have my Chase Southwest Visa as well as my Delta Amex Gold. I do not mind paying the annual fees on these two cards.

YMMV - but this PC was super easy for me.
CONGRATS!!

Always nice to hear somebody getting some Cap1 rare luv!

Thanks! I have found them very easy to work with...

Re: Cap 1 - Product Change

DeadSpider — Fri, 24 Aug 2012 00:47:23 GMT

Ive beenthinking of PC as well but not sure which to pick VentureOne or Cash Rewards hmmmmmm ?
I think Cash Rewards looks good.

Re: Cap 1 - Product Change

jsucool76 — Fri, 24 Aug 2012 00:51:44 GMT

I like the cash rewards, you technically get more cash back then you would miles (since you end up getting 1.5% as opposed to 1.25 with the venture one), but if you travel than the miles would be more useful. I just like that they post the rewards immediately, and through perk central you can earn up to 15% bonus rewards at some stores.

With that limit if they PC you you might get the Visa Sig version of cash rewards.

Re: Cap 1 - Product Change

DeadSpider — Fri, 24 Aug 2012 01:11:02 GMT

What does the Visa Sig version of cash rewards do ? And is it someting i need to ask if they do agree to PC ?

Re: Cap 1 - Product Change

jsucool76 — Fri, 24 Aug 2012 01:29:46 GMT

I would ask about it. Visa sig cards have all the visa sig benefits (it's the top level visa card available in the US). It's a NPSL card, and it's just cool.