Cap 1 combine question

[Anonymous]

I recently paid off my Platinum card, and have the opportunity to combine with one of my 2 other cards, a QS and a VentureOne card.  My question is which card, or what do I do.  My VentureOne card is at 18.9%, while the QS is at 23.9%.  While I don't like to carry much of a balance, I would still like to combine with the QS card cuz of the cash back.  I don't like that rate though.  Think they would lower the rate at least to match the 18.9% if I transferred there?  Ever a chance that would happen?

Thanks.

[Anonymous]

Hi, you should avoid carrying a balance, the interest will eat out your cash back.

I would keep the oldest card and merge the rest into it.  If it's the Venture and you don't travel, then i would merge into the QS.  If you do this, avoid carrying a balance and only spend on what you already would (bills).  Don't over spend just to get more cash back.  Not saying you do this, just saying in general.

You could check for a APR decrease and see if you have one.

Just curious, what limits do you currently have on your cap1 cards?

[HeavenOhio]

You don't mention your limits or how large a balance you might carry. If the VentureOne has enough of a limit to handle a carried balance, combine with the Quicksilver. If not, combine with the VentureOne. Also consider that if your intention is to always pay the QS in full, you can make multiple payments per month to keep utilization in check.

When were your last CLIs on these cards? Because an account combination resets the CLI clock on any cards involved, you might want to hold out on combining until you make a CLI request on all cards. If you combine right after a CLI, your clock will only be reset by a very short time.

[Anonymous]

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@Anonymous wrote:

You could check for a APR decrease and see if you have one.

Just curious, what limits do you currently have on your cap1 cards?

QS is 3.3K, VO is 3K, and Plat. is 3.5K.  I won't ever use the VO card cuz I'm using other rewards cards, but it does have the lowest rate.  Don't remember how I checked the last time I had an APR decrese, but I do remember it was only temporary.

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[Anonymous]

Another question.  My VO and QS only have ~$500 balances, maybe I should just pay those off first and try something at that time?

[Anonymous]

The card that you're combining the CL from needs to have $0 balance and be over six months old +

[ScarlettClone]

Have you checked the Cap One upgade link to see if you can upgrage the Venture One to a QS? 

https://verified.capitalone.com/sic-ui/#/esignin?Product=Card&Action=ProductUpgrade 

[Anonymous]

I just checked and i am able to do so...umm, not sure if i need to?

Are you changing it?

For travel cards, i have:

CSP

AMEX Green

Barclay Arrival + 

PenFed Premium Travel Rewards AMEX

Cap1 Venture makes it my 5th

I LOVE the fact that cap1 QS gives you the cash right away and not having to wait a whole satement.

[DeeBee78]

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@Anonymous wrote:

I just checked and i am able to do so...umm, not sure if i need to?

Are you changing it?

For travel cards, i have:

CSP

AMEX Green

Barclay Arrival + 

PenFed Premium Travel Rewards AMEX

Cap1 Venture makes it my 5th

I LOVE the fact that cap1 QS gives you the cash right away and not having to wait a whole satement.

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VentureOne is a 1.25% earning card, while the Quicksilver is a 1.5% earning card. By converting your VentureOne into the Quicksilver, you get better earnings and the lowest interest rate. Then you can combine your other cards into it, for a larger limit. 

And yes, Capital One does not give permanent APR reductions, so they won't "match" your lower APR. 

[Anonymous]

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@DeeBee78 wrote:

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@Anonymous wrote:

I just checked and i am able to do so...umm, not sure if i need to?

Are you changing it?

For travel cards, i have:

CSP

AMEX Green

Barclay Arrival + 

PenFed Premium Travel Rewards AMEX

Cap1 Venture makes it my 5th

I LOVE the fact that cap1 QS gives you the cash right away and not having to wait a whole satement.

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VentureOne is a 1.25% earning card, while the Quicksilver is a 1.5% earning card. By converting your VentureOne into the Quicksilver, you get better earnings and the lowest interest rate. Then you can combine your other cards into it, for a larger limit. 

And yes, Capital One does not give permanent APR reductions, so they won't "match" your lower APR. 

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Sounds great BUT, i got the Venture with a bonus offer...say i PC to QS, am i eligible to apply/receive bonus for another Venture? AMEX does not let you get the bonus for a product you previously had.  If that's the case, i won't PC it. Ummm...but i like the 1.5% vs 1.25%...