topic Product change in Rebuilding Your Credit

Product change

sueblue34 — Wed, 13 Sep 2017 23:33:56 GMT

Can anyone tell me what a product change is? What is the purpose and the benefits of it?

Re: Product change

Anonymous — Thu, 14 Sep 2017 00:02:01 GMT

Product changes allow for moving to a rewards card from a no frills, a cash rewards to travel rewards, etc. and at times even moving up a tier with that particular company.

One of the most common PC's is from the Cap1 Platinum (no frills) to the Quicksilver One (1.5% cash back). Why pass up the free 1.5% rewards to stay with a basic card if it can be upgraded with a call?

Sticking with the Cap1 theme; if a person has one of the QS cards but is planning on doing lots of travel, personal or business, the Venture travel rewards card may be better. A simple call 'may' get that person a card that is of greater benefit.

Re: Product change

sueblue34 — Thu, 14 Sep 2017 00:07:42 GMT

Oh I see. I'm not familiar different card benefits. Maybe I need to start doing more research on this. Why not just get a second card from the same company instead of changing to a different card?

Re: Product change

Anonymous — Thu, 14 Sep 2017 00:26:33 GMT

@sueblue34 wrote:
Oh I see. I'm not familiar different card benefits. Maybe I need to start doing more research on this. Why not just get a second card from the same company instead of changing to a different card?

Some people don't want the extra inquires and lower AAoA and new account on their credit report. Or they might not even be able to get an approval for a new card.

Re: Product change

sueblue34 — Thu, 14 Sep 2017 01:13:34 GMT

How do you determine the tier of the card?

Re: Product change

Anonymous — Thu, 14 Sep 2017 02:17:43 GMT

Lower tier cards can be obtained easier and with lower scores but generally have lower starting lines, grow slower, and have lesser rewards and bonuses.

Each company has different tiers, rewards, and bonuses. Feel free to ask on here about specific companies or cards as here's usually someone on with specific knowledge of the card.

Re: Product change

Anonymous — Thu, 14 Sep 2017 02:23:33 GMT

@sueblue34 wrote:
How do you determine the tier of the card?

https://youtu.be/ZS3c9Y_yiok

Re: Product change

sueblue34 — Thu, 14 Sep 2017 02:45:09 GMT

@ALK11 love his vid thx. I will definitely be watching more he seems so knowledgeable. Plus I can listen while I work

Re: Product change

jsk0307 — Thu, 14 Sep 2017 02:59:31 GMT

I'm currently eligible to upgrade my Capital One platinum to a QuicksilverOne. But I already have a QS 1 with a much lower limit.

On the Capital One site I PQ for both the regular Quicksilver and Venture but they wouldn't allow me to upgrade and keep my existing account # and history. Going to try and call again in a few days.

Re: Product change

Anonymous — Thu, 14 Sep 2017 04:21:26 GMT

JSK- Have you considered combining then app'ing for the QS or Venture?

Re: Product change

Anonymous — Fri, 15 Sep 2017 08:52:21 GMT

Is quick silver any better? I called cap 1 and they checked my journey card which is rewards and no fee and theu said ot was eligible for upgrade to qs but that they are pretty much the same

Re: Product change

Anonymous — Fri, 15 Sep 2017 12:34:54 GMT

Yes the QS is better. 1.5% cash back beats the 1.25% cash back that Journey offers.

Re: Product change

Anonymous — Fri, 15 Sep 2017 13:48:00 GMT

@jsk0307 wrote:
I'm currently eligible to upgrade my Capital One platinum to a QuicksilverOne. But I already have a QS 1 with a much lower limit.

On the Capital One site I PQ for both the regular Quicksilver and Venture but they wouldn't allow me to upgrade and keep my existing account # and history. Going to try and call again in a few days.

Mine always upgraded to "regular" QS, but retained the Mastercard flavor and all history. Call and just tell them you want to "add rewards" to your card.