topic Re: Escaping Capitol One in Credit Cards

Escaping Capitol One

toppers555 — Sun, 21 Oct 2012 22:20:57 GMT

I have closed my secure card that I have had with them for 3+ years. , the rep didn't even try to save me when I mention I am in process of evenually closing all 4 of my cedit cards with caption one. Shows you how much the CSR department cares about customer retention. Funny thing is he introduced him self even as a senior account analyst supervisor. 1 down 3 to go and 3k back in my pocket.

Re: Escaping Capitol One

indiasnowden — Sun, 21 Oct 2012 22:25:13 GMT

Kudos to you. I plan on following in your footsteps early next year. Congrats on your new found freedom.

Re: Escaping Capitol One

qtcbcute — Sun, 21 Oct 2012 22:37:26 GMT

@toppers555 wrote:
I have closed my secure card that I have had with them for 3+ years. , the rep didn't even try to save me when I mention I am in process of evenually closing all 4 of my cedit cards with caption one. Shows you how much the CSR department cares about customer retention. Funny thing is he introduced him self even as a senior account analyst supervisor. 1 down 3 to go and 3k back in my pocket.

Good for you! I just closed one of my Orchard Bank cards and I plan to close the otheIna's soon as my Chase Freedom comes in the mail. I plan on closing Capital One as soon as my Discover comes in the mail as well! We're on our way to prime cards!

Re: Escaping Capitol One

Mustangfrank — Sun, 21 Oct 2012 22:47:34 GMT

Good for You.

I am right behind you.

They have had my $2,000 for ten months and never offered a Ci.

Soon as I get my last new Prime Credit Card I am gone.

They served their purpose now it is time to cut them loose. !

Re: Escaping Capitol One

afbar1114 — Sun, 21 Oct 2012 22:56:11 GMT

ill be closing one cap1 this week or so. then anohter in 7-9 months if not sooner

Re: Escaping Capitol One

migliogiorni — Sun, 21 Oct 2012 23:14:30 GMT

congrats on letting go crap one, feels good huh?

Re: Escaping Capitol One

TiggerDat — Mon, 22 Oct 2012 14:22:55 GMT

I want to close my card, but they keep waiving the annual fee. Until they stop doing that I will keep it open.

Re: Escaping Capitol One

Anonymous — Mon, 22 Oct 2012 14:51:56 GMT

Yep I am right there with ya'll!! I hate CRAP-ONE as they have NOT been really all that great to me..PLUS I have an AF that I didn't realize was assesed!!! Ughhh..I am scared though to close this account because I've had it for like 2 years..any suggestions??? I don't know how hard of a hit it'll take on my CR???

Re: Escaping Capitol One

RonDawg — Mon, 22 Oct 2012 15:23:27 GMT

@toppers555 wrote:
I have closed my secure card that I have had with them for 3+ years. , the rep didn't even try to save me when I mention I am in process of evenually closing all 4 of my cedit cards with caption one. Shows you how much the CSR department cares about customer retention. Funny thing is he introduced him self even as a senior account analyst supervisor. 1 down 3 to go and 3k back in my pocket.

Great Job, I did the same thing back in Feb yep and your right they don't even care. When I closed my HSBC account the same day at least the rep there tried to talk me out of it. That was before CrapOne purchased HSBC's accounts.

Becareful when closing that the accounts you close are not your oldest accounts.

Take care and good job killing off that bank from your wallet.

Re: Escaping Capitol One

Duncanrr — Mon, 22 Oct 2012 15:31:36 GMT

I opened mine in June and plan to keep it open until 6/2014 (may close earlier but not planning on it). I dont like having cards open for less than 2 years. Granted they will have my funds during this time and its not doing anything for me but thats ok. The card has been useful and will close it as needed.

Re: Escaping Capitol One

Anonymous — Mon, 22 Oct 2012 15:32:57 GMT

I've got one more payment to get rid of my last Crap1... but I am an AU on my wife's two which I will be keeping open until we finish working on building up her score. I will probably go back to Crap1 for their Venture card, but not anytime too soon. I'm in the garden.

Re: Escaping Capitol One

RonDawg — Mon, 22 Oct 2012 15:39:28 GMT

@Anonymous wrote:
Yep I am right there with ya'll!! I hate CRAP-ONE as they have NOT been really all that great to me..PLUS I have an AF that I didn't realize was assesed!!! Ughhh..I am scared though to close this account because I've had it for like 2 years..any suggestions??? I don't know how hard of a hit it'll take on my CR???

check your report, find out how many cards are reporting and the age of each card. Add all the ages up and divide that number by the total amount of cards you have be sure to remove the CrapOne card and age from the total before dividing. That will give you the average age of accounts you have without CrapOne as long as you don't drop years from your average you should be fine. Lets say your average years for all your accounts is 5.8 years and you remove crapone that causes your average age to drop to 5 years then your fine but if it causes you to drop to 3.8 then your score will be adjusted to match that average age of accounts.

Re: Escaping Capitol One

SevenNEW — Mon, 22 Oct 2012 15:42:08 GMT

@bernhardtra wrote:
I want to close my card, but they keep waiving the annual fee. Until they stop doing that I will keep it open.

I also have one w/o AF, no reason really to close it. I went through the credit steps, they gave me a card when nobody else would, and paved my way to Amex and Chase. No hard feelings -- if you read this forum you will know these are jump-start cards and shouldn't be disappointed if they don't grow...

Re: Escaping Capitol One

toppers555 — Mon, 22 Oct 2012 17:56:17 GMT

I agree with you to a point but problem is my secured was said to be gradurate when I apply and they changed terms without a warning besides that and holds Capitol has help me grow.

Re: Escaping Capitol One

toppers555 — Fri, 26 Oct 2012 23:39:32 GMT

I know someone in mention they had Ceo email address to capitol one. I have been looking and can not find the address or the post of person who said they had it. If you could pm it to me that would be great. I just got off line with csr about my security deposit .lets just say 65 mins later of 2 rep reading the same script , and finally getting a mgr. I have some hot air that needs to vent. this call ,and in general how they have been handling my accounts is far from acceptable. I have already contacted social team ,and filed BBB reports on this situration in general , so I am not just shotgunning it to top , I have tried other path to no help.

Re: Escaping Capitol One

Anonymous — Fri, 26 Oct 2012 23:41:19 GMT

Congrats

Re: Escaping Capitol One

Anonymous — Fri, 26 Oct 2012 23:56:56 GMT

WOW !

Re: Escaping Capitol One

maiden_girl — Sun, 28 Oct 2012 09:23:36 GMT

Why is everyone closing their cards? If its unsecured and there's no annual fee...I'd keep it open. It will help with UTL and AAoA. CAP1 is my oldest tradeline and although I don't particularly like the card anymore, it helped me get my foot in the door and on to better cards. I won't be using it anymore. It has served its purpose but I definitely won't be closing it.

Re: Escaping Capitol One

JonStur — Sun, 28 Oct 2012 12:56:50 GMT

@maiden_girl wrote:
Why is everyone closing their cards? If its unsecured and there's no annual fee...I'd keep it open. It will help with UTL and AAoA. CAP1 is my oldest tradeline and although I don't particularly like the card anymore, it helped me get my foot in the door and on to better cards. I won't be using it anymore. It has served its purpose but I definitely won't be closing it.

+1000 Unless there is some outrageous AF, keep it open especially if you have a thin credit file. Also, there might not be a large credit line but it still will help your overall utilization. It is up to you but I would suggest closing your card for business not emotional reasons.

Re: Escaping Capitol One

distantarray — Sun, 28 Oct 2012 13:49:51 GMT

you know I gotta say having ONE Capital One is good for 1 purpose, and 1 purpose only. They report ALL authorized users..... So it's great for helping friends and families in need.