Venture -Thinking of cancelling it after 1st year

[Anonymous]

I have a venture card with 12k limit issued 9 months ago & its one of the prime cards but i never benefited using their rewards for i did not charge $4k in the first 3 months to get bonus from them.

Now i m wondering about cancelling/returning before my First Annual Fee payment is due?

Have you done so lately? This is indeed one of my prime cards available to me on my portfolio. I m blackout from AMEX/Chase/BofA/Citi/BBVA

I have USAA /Sams Club/Paypal MC/FirstTech/Cap1Platinum/Discover now. Sams/FirstTech have $12k/10k limits but everything else under $3k.limit.

Is returning Cap1 Venture worth it? Bite the bullet & keep it? I want to think & believe prime cards with good history has advantages. 

[FinStar]

You can always PC to QS once it's eligible if you don't want to lose the tradeline.

Which FirstTech CC do you have...or are you referring to FNBO?

[Anonymous]

I have the Platinum Rewards MC with FirstTech which earn rewards points but not that much.

PC to QS? why not Savor or VentureOne? if they allow it? idk if they do or not? 

Do i get to keep the same Limits? is the APR same or better ? Is APR any better with QS? QS i believe is not a prime card but SAVOR is?

[FinStar]

You would need to check to see what PC options would be available for your specific card. Unfortunately, no PCs are currently available to Savor/Savor One (perhaps in the future, but yet TBD).

Once the PC takes place, nothing will change as far as APR, CL, history, etc. About the only change would be the rewards structure.

Also determine what is valuable to you and do the math and see which product fares better, whether it's QS or V1.

[SouthJamaica]

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@Anonymous wrote:

I have a venture card with 12k limit issued 9 months ago & its one of the prime cards but i never benefited using their rewards for i did not charge $4k in the first 3 months to get bonus from them.

Now i m wondering about cancelling/returning before my First Annual Fee payment is due?

Have you done so lately? This is indeed one of my prime cards available to me on my portfolio. I m blackout from AMEX/Chase/BofA/Citi/BBVA

I have USAA /Sams Club/Paypal MC/FirstTech/Cap1Platinum/Discover now. Sams/FirstTech have $12k/10k limits but everything else under $3k.limit.

Is returning Cap1 Venture worth it? Bite the bullet & keep it? I want to think & believe prime cards with good history has advantages. 

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I would hang on to it, if I were you.

[Duke_Nukem]

I would PC the Cap1 Platinum to something else, especially if it carries an AF.  You would probably have options for QS, Venture, and/or Venture One available for the Platinum PC.  Everything like history, APR, CL should stay the same, but the AF will either go to $0 or whatever the Venture card's fee is.

The original Venture may be able to PC to something else as well, but unfortunately the Savor/Savor One PC's aren't available at this time.

Maybe change the Cap1 Plat to a QS and change the existing Venture to Venture One.  Perhaps the Savor family will be able to PC when you are eligible again in 6 months.

[pinkandgrey]

That’s a decent limit, so maybe PC it to a non-AF card?

[imaximous]

I'd PC the card to anything but not close it. CapOne has been improving their cards benefits, so you may be pleasantly surprised one day. I was grandfathered to the 4% no-AF Savor.
As far as I remember, they allow PCs every 6 months, so you could PC to a different card now, and eventually to something else (unless there's a temporary PC block). Savor PCs will hopefully come back at some point.
It also seems like you're blacklisted from most of the major CCCs, so I'm not sure what other type of rewards programs you'd have access to.

[Anonymous]

i m mostly left with US Bank or credit unions except Barclays which for the life of me i have not been anywhere close to lucky getting any of their cards. Us Bank is not exactly a good app in TX.

DW is still eligible for all AMEX/Citi/Chase/BofA/Barclays/so i m hopeful. However, she has but one $1137 medical debt collection account (for which DOFD is jan 2015) only on EX which my very best efforts of removing it have failed. That pretty much removes all abovesaid cards..lol. (AMEX/Citi/Chase/BofA/Discover).

So again cant apply until collection is removed.

[Anonymous]

Had the venture card, downgraded to venture one at ten months to avoid annual, four days after 4 receiving card got a 3k cli...?!?!? 😀