BCE / Cap 1 Question

[Pistons0]

I currently have the journey student card and the quicksilver one card from capital one, both accounts are almost two years old, with very similar reward structure, but the journey has 3% lower apr and a 2k higher CL. I was in the hunt for a card with a more favorable APR, good intro BT offer, and more favorable reward structure towards things I purchase the most (gas), so I came across the Blue Cash Everyday from AMEX, with my income and AAoA somewhat low, but scores pushing 700 I was leary to apply, but went for it and was instantly approved for 2k! Seeing how you can't BT from one Cap 1 card to another, do I BT the few hundred on the quicksilver one to the BCE, then close my quicksilver one (dont need two cards that are almost identical, and pay a yearly fee), then PC my journey to the Quicksilver no annual fee  (for the extra .25% rewards)? Besides hurting my AAoA by closing the Quicksilver one, I don't really see any negative to closing it. Any insight on a better plan of action into going about all of this is appreciated. 

[Anonymous]

it looks good. and you AAoA as many state wont take a hit . 

congrats on the amex approval. welcome to the family!

[gdale6]

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@Pistons0 wrote:

I currently have the journey student card and the quicksilver one card from capital one, both accounts are almost two years old, with very similar reward structure, but the journey has 3% lower apr and a 2k higher CL. I was in the hunt for a card with a more favorable APR, good intro BT offer, and more favorable reward structure towards things I purchase the most (gas), so I came across the Blue Cash Everyday from AMEX, with my income and AAoA somewhat low, but scores pushing 700 I was leary to apply, but went for it and was instantly approved for 2k!

Seeing how you can't BT from one Cap 1 card to another, do I BT the few hundred on the quicksilver one to the BCE, then close my quicksilver one (dont need two cards that are almost identical, and pay a yearly fee), then PC my journey to the Quicksilver no annual fee  (for the extra .25% rewards)? Besides hurting my AAoA by closing the Quicksilver one, I don't really see any negative to closing it. Any insight on a better plan of action into going about all of this is appreciated. 

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Congrats on your new BCE card

Your AAoA will not take a hit due to closing a card, closed positive accounts remain on file for up to 10 years post close. I would hold off on closing out your QS1 card as it appears you only have 3 open accounts (including the BCE), you need to have 3 revolvers open to help boost your Fico. I would try to PC the QS1 to the Qs and the Journey to the QS1.

[Kenny]

You can PC the Capital One card with an annual fee to something that doesn't have an AF (Hopefully, you'll have the offer that the frontline CSR can do it.. if not involve Capital One on facebook and hopefully they can get it removed permanently.)

Best of luck!

[Pistons0]

I also have a CC from my local credit union that I keep to run my Netflix and some other cheap media subscriptions through on a monthly basis, only reason I don't do much else on that card is even for a CU the Apr is somewhat high (for a CU) and it has no rewards program. So long story short I Will have 3+ revolvers with one cap 1 the BCE and my CC from my CU. I'm pretty pumped about the BCE, it's my first card with a really good promo rate, bt rate, promo offer, and sweet rewards for gas and groceries.  

[kdm31091]

I dunno about the Capital One facebook thing. In my experience, they just spit out the same information as a regular CSR and seem to have the same capabilities. I think they used to be more helpful than they are now.