topic Re: CapOne On Death Row... in Credit Cards

CapOne On Death Row...

CreditEd — Mon, 10 Sep 2012 22:37:56 GMT

With a new and very generous credit line obtained just last week my CaoOne Platinum card days are numbered. Only a 750 CL.

I'm hoping however that the C1/HSBC merger completes quickly so that I can combine this low card with a HSBC (2000) trade line that I've had opened for several years. Does anyone think that I will actually be able to combine this builder with my other HSBC mid grade card and get an increase to 3k or so? Or should I go ahead and take it out back now and continue looking for credit with other banks? I have 6 revolving lines open now,

I've had this card just a bit over two years and the HSBC card for much longer so no chance in affecting AAoA. The 750 makes up only a minimal part of my overall CL utilization (now just a bit over 26k not including an AMEX NPSL account).

Any other good ideas for leveraging this card before I close it? I have a $28 balance so it could be closed at any time.

Re: CapOne On Death Row...

Jlu — Mon, 10 Sep 2012 22:42:45 GMT

Yeah, call up and order all your statements going back to the day you opened your account and wa-la free scrap paper for the year!

Re: CapOne On Death Row...

CreditEd — Mon, 10 Sep 2012 22:49:35 GMT

@Jlu wrote:
Yeah, call up and order all your statements going back to the day you opened your account and wa-la free scrap paper for the year!

HAHAHAHAHAHAHAHA LMAO!!!! I see by your signature that we share many things (Wallet: Capital One Platinum Mastercard $750 ).

Re: CapOne On Death Row...

Jlu — Mon, 10 Sep 2012 22:52:19 GMT

@CreditEd wrote:
@Jlu wrote:
Yeah, call up and order all your statements going back to the day you opened your account and wa-la free scrap paper for the year!
HAHAHAHAHAHAHAHA LMAO!!!! I see by your signature that we share many things (Wallet: Capital One Platinum Mastercard $750 ).

Yeah mine has an execution date of 05/13 - I want the shredder to be the last thing I charge to the card, kind of like putting someone to death in the electric chair and sending their family the electric bill.

Re: CapOne On Death Row...

Anonymous — Mon, 10 Sep 2012 22:54:16 GMT

@Jlu wrote:
@CreditEd wrote:
@Jlu wrote:
Yeah, call up and order all your statements going back to the day you opened your account and wa-la free scrap paper for the year!
HAHAHAHAHAHAHAHA LMAO!!!! I see by your signature that we share many things (Wallet: Capital One Platinum Mastercard $750 ).
Yeah mine has an execution date of 05/13 - I want the shredder to be the last thing I charge to the card, kind of like putting someone to death in the electric chair and sending their family the electric bill.

no more Mr. Nice Guy

Re: CapOne On Death Row...

Shogun — Mon, 10 Sep 2012 23:08:12 GMT

@Jlu wrote:
@CreditEd wrote:
@Jlu wrote:
Yeah, call up and order all your statements going back to the day you opened your account and wa-la free scrap paper for the year!
HAHAHAHAHAHAHAHA LMAO!!!! I see by your signature that we share many things (Wallet: Capital One Platinum Mastercard $750 ).
Yeah mine has an execution date of 05/13 - I want the shredder to be the last thing I charge to the card, kind of like putting someone to death in the electric chair and sending their family the electric bill.

Oh I like that one!

Re: CapOne On Death Row...

Razeus — Mon, 10 Sep 2012 23:21:07 GMT

I don't know why I get such a kick out of people giving CapOne the axe.

Re: CapOne On Death Row...

jsucool76 — Mon, 10 Sep 2012 23:39:05 GMT

I'm keeping my cap1 forever They've been very nice to me.

That story would be entirely different if my card had an AF

Re: CapOne On Death Row...

Razeus — Mon, 10 Sep 2012 23:43:04 GMT

They wouldn't be so bad if they would grow with their customers. They can literally start with someone with bad credit, take them from a secured card, to a low limit unsecured, high limit unsecured, then take them to a prime card with rewards, miles, etc. Then they can let their best customers (the ones with on time payments, low to non utilization) PC to other cards as the customer needs change. For pete sakes, what does it matter, they are already a customer in which they've extended credit to, so moving from one product to another shouldn't be a problem. Capital One is in prime position for this. Unfortunately they don't see this and "no hassles" is a complete hassle.

Re: CapOne On Death Row...

jsucool76 — Mon, 10 Sep 2012 23:45:20 GMT

@Razeus wrote:
They wouldn't be so bad if they would grow with their customers. They can literally start with someone with bad credit, take them from a secured card, to a low limit unsecured, high limit unsecured, then take them to a prime card with rewards, miles, etc. Then they can let their best customers (the ones with on time payments, low to non utilization) PC to other cards as the customer needs change. For pete sakes, what does it matter, they are already a customer in which they've extended credit to, so moving from one product to another shouldn't be a problem. Capital One is in prime position for this. Unfortunately they don't see this and "no hassles" is a complete hassle.

Not gonna lie their "No Hassle Rewards" really are no hassle. xD And most of their CS is sometimes almost helpful, some of them are even very helpful sometimes (A much rarer occasion though)

Re: CapOne On Death Row...

bichonmom — Mon, 10 Sep 2012 23:48:47 GMT

@Razeus wrote:
They wouldn't be so bad if they would grow with their customers. They can literally start with someone with bad credit, take them from a secured card, to a low limit unsecured, high limit unsecured, then take them to a prime card with rewards, miles, etc. Then they can let their best customers (the ones with on time payments, low to non utilization) PC to other cards as the customer needs change. For pete sakes, what does it matter, they are already a customer in which they've extended credit to, so moving from one product to another shouldn't be a problem. Capital One is in prime position for this. Unfortunately they don't see this and "no hassles" is a complete hassle.

+1 Cap One has lost me as a customer because of this. Amex, Chase, Citi, Barclays, NFCU have all seen fit to give me generous CLs. If Cap One would have PCd or CLId to reflect the improvement in my credit, I would not have closed my accts. with them.

Re: CapOne On Death Row...

LS2982 — Tue, 11 Sep 2012 00:13:37 GMT

Well they got me until July of next year, we'll see if they want to keep my business.

Re: CapOne On Death Row...

Brian_Trying_700 — Tue, 11 Sep 2012 01:03:30 GMT

I have had Capital One for 5 years, since then I had only one cli.$750-$1750. Capital One is a good rebuilder card and that it. I found this on another site "

Well, I sincerely appreciate Capital One for extending me more credit. I didn't ask for the credit line increase, but Capital One seems happy to provide it and decide what amount of credit is in my wallet. I guess that the Obama Administration's bailout program money (Capital One received $3.5 billion) is finally flowing to consumers... 6+ months later.

Unload higher rate balances? My Capital One Visa interest rate (17%) is the highest rates I have. I don't have any loans nor credit card balances with higher interest rates. So, there's nothing for me to transfer or unload.

On Monday I called the Capital One Customer Service to see if they could really help me. A very nice woman, Alina answered the phone. I asked Alina to reduce my credit line since I don't need $8,000.0 amount of credit. I sincerely appreciate the increase, but don't need that much credit. Alina was very polite and adjusted my credit line immediately.

While discussing this, I asked Alina to reduce my interest rate also, since Capital One obviously considers me a good customer. Alina said that she couldn't lower my interest rate and that I'd have to speak with a supervisor.

A couple minutes later the supervisor, Carol, joined the phone call. I repeated my request to see what Capital One could do for me, like a lower interest rate instead of the higher credit limit I didn't need. I reminded Carol that Capital One had increased my Visa interest rate in March by a lot, and a point or two reduction now would mean a lot.

I added that the higher rate has scared me from using my Capital One Visa credit card. Their card is basically no longer in my wallet.

Carol seemed to understand and empathized. After checking her files, she said that while I have been a good customer since 1994 Capital One wouldn't lower my interest rate at this time. Maybe a lower rate in the future. She said she could convert my card to a Rewards card with either frequent-flyer miles or 1% cash back. I thanked her for the Reward offer and replied that I'd keep using my Discover card since it pays me 5% cash back.

My point for sharing this story: we consumers decide what's in our wallets (and purses). Given the high interest rate and low cash-back payments, my Capital One Visa is not in my wallet. It could return to my wallet, but Capital One will have to make it worth my benefit".

Re: CapOne On Death Row...

RockinRay — Tue, 11 Sep 2012 12:33:19 GMT

Maybe I missed it in the thread, but does this card have an AF? If so, I would go ahead and run it down so to speak. If not, why not just keep it open?

Re: CapOne On Death Row...

CS800 — Tue, 11 Sep 2012 15:09:25 GMT

@RockinRay wrote:
Maybe I missed it in the thread, but does this card have an AF? If so, I would go ahead and run it down so to speak. If not, why not just keep it open?

Ray I was checking the Cap One site and it shows two versions of this green card.

1. A Visa Signature

2. A Mastercard

Visa Signature:

- Excellent Credit

- No AF

- One-time bonus of $100 once you spend $500 on purchases within the first 3 months

- 0% intro APR until August 2013; 12.9%-20.9% variable APR after that

- Purchase APR: 0% intro APR until August 2013; 12.9%-20.9% variable APR after that

- Transfer Fee: 3% of the amount transferred until August 2013

Matercard:

- Average Credit

- $39 AF

- Purchase APR: 0% intro APR until June 2013; 19.8% variable APR after that

- Transfer Fee: $0

I just did a compare from their site.

Re: CapOne On Death Row...

RockinRay — Tue, 11 Sep 2012 16:10:34 GMT

Interesting.

My wife just got a regular Cap One rewards card, $3k line, no AF... But only 1% cash back. We wanted the Siggy version of course.

I re-read the terms and an AF was listed nowhere...

Re: CapOne On Death Row...

CS800 — Tue, 11 Sep 2012 16:29:42 GMT

@RockinRay wrote:
Interesting.

My wife just got a regular Cap One rewards card, $3k line, no AF... But only 1% cash back. We wanted the Siggy version of course.

I re-read the terms and an AF was listed nowhere...

Did she get the MC version?

Re: CapOne On Death Row...

jsucool76 — Tue, 11 Sep 2012 18:57:26 GMT

The mastercard has the 39$ af although if she applied through a mail iffer or something she might get no af for life of the account, thats what happened to me when i PCd.

Re: CapOne On Death Row...

RockinRay — Tue, 11 Sep 2012 19:00:16 GMT

@CS800 wrote:
@RockinRay wrote:
Interesting.

My wife just got a regular Cap One rewards card, $3k line, no AF... But only 1% cash back. We wanted the Siggy version of course.

I re-read the terms and an AF was listed nowhere...
Did she get the MC version?

Not sure - waiting for the card to arrive...

Re: CapOne On Death Row...

CreditEd — Tue, 11 Sep 2012 19:09:19 GMT

@RockinRay wrote:
Maybe I missed it in the thread, but does this card have an AF? If so, I would go ahead and run it down so to speak. If not, why not just keep it open?

I now have 6 open TLs with this one having very little affect on my utilization. And hurts me severly when I charge anything more than a nights dinner... Maxxed out condition is pretty easy to reach for me.

So the decision is do I close this line to make room for one new line with more potential, and do I risk a new bank looking at the low CL and having them extend a low line to me as well. AF would be an extra benefit.

I'm just looking for options to best leverage this card.