2 Capital One accounts upgraded and no intro perks. :( Boo!

[Jesi]

So it occurred to me that my husband has a Quicksilver One account and has had it over a year. Since that account was opened we have gotten our scores up and opened a fair amount of store cards which had low starting limits and almost immediately we were able to get those up to $3500 each. Pretty decent from what I've seen. Anyhow, I decided to have him see if they would upgrade him to a regular Quicksilver account. No dice. They said he had no offers on his account. Ok...no idea about that. So then I thought, well I have 2 meager Capital One accounts, I wonder if I have any offers? My one account was upgraded from a Platinum to a Quicksilver One. The only perk I'm getting is that my annual fee will remain at $19 rather than the $39. Shockingly, my other was upgraded also from a Platinum to a Quicksilver. My credit scores aren't great, low 600s. Nothing bad but around 30 inquiries and mostly in the last 6 months as we've finally been approved for cards. Stupid I know, but when you've gone about 12 years getting denied constantly it feels really nice to be approved. Oh well... Either way, it really stinks that I've had my cards for about a year and a half, paying on time and making sure they hadn't been totally maxed out all the time, I don't get to partake in the 0% introductory offer and balance transfer offers that they have for new customers with those cards. They also said my interest rate would remain the same which I'm kind of curious about with the Quicksilver because my interest was like 25.5% on the Platinum and the Quicksilver doesn't even go that high I think it maxes at 23% so I'll have to watch and see what happens with that. 

[Ghoshida]

My Quicksilver was a Platinum (no AF) that was converted a year after it was opened.

The APR is ridiculous and Cap One won't reduce it.

CLI was slow initially (apart from the credit steps). But once my scores became better, CLIs were there.

I also merged my 9 months old Venture into it.

You can look at combining your QS1 limit into this card (after you have applied for CLIs on these cards). That way, you'll have a better limit and no AF.

[Jesi]

Combining accounts means one closes right?

[RonM21]

Well if you take the new accounts and handle them well, as long as grow what you have overall, you should see improvement. That will open up many more options for you.

[Ghoshida]

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@Jesi wrote:
Combining accounts means one closes right?

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Yes, close the one with the annual fee.

Your total limit will stay the same. So your utilization won't drop.

Closed credit cards with no negatives stay on your report for 10 years. FICO scores won't drop from closing a card.

Since you have multiple other cards, you will still have more than 3, that suggested minimum number of cards that is supposed to be good for the FICO score.

Fako scores like Credit Karma may drop a few points after closing (how they see it) but that's not how lenders see your file.

Plus, the higher limit you have on a major card, the better your file looks to lenders.