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Cap One Closed my QS

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Regular Contributor

Cap One Closed my QS

Capital One closed my QS due to inactivity for 24 months and pulled $8500 in available credit out from under me. Brought me under $200k.  😡

I called them and they told me it was permanently closed and I asked why not send an email warning they would do this. No response except "I'm sorry, sir". 
So last night I went through the "sock drawer" and pulled out 10 cards that I never use and I'll have to use them one by one at the gas station or vending machine so they don't get cut off. 
I'm almost ready for an app spree. Mid July. 


Inquiries 5-7 across.
UTI 8%
AAoA 2.7
Total Annual Fees $385
No baddies
193k Total Credit
Goal 2020 $225k
Next up: Chase Cards. Garden til 4/20







Message 1 of 8
7 REPLIES 7
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Community Leader
Senior Contributor

Re: Cap One Closed my QS

@trlanthierjr 

 

You are not the first and unfortunately won't be the last I am sure. There have been several this week being reported as being closed by Cap One.

 

My dh's walmart Cap one MC was closed 10K CL. They never sent an email, waiting on letter.

EXP 758 TU 783 EQ 729
Message 2 of 8
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Community Leader
Super Contributor

Re: Cap One Closed my QS

I'm sorry OP. But you aren't a noob at this. You can only be mad at yourself. 

 

If you shop Amazon. You can drop a 50 cent charge on each, by reloading your gift card. I need to do the same this weekend.

Message 3 of 8
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Regular Contributor

Re: Cap One Closed my QS

I mean honestly no use in 2 years is it really that surprising they closed it? Cost more for them to maintain the account then it does to keep you as a customer. I can see them starting to close accounts much sooner than that now. At least it's still a positive trade line for 10 more years.

Message 4 of 8
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Senior Contributor

Re: Cap One Closed my QS


@trlanthierjr wrote:

pulled out 10 cards that I never use and I'll have to use them one by one at the gas station 



1 trip, 10 cards, 1 gallon eachSmiley Very Happy

Joking aside......sorry it happened.

Message 5 of 8
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Community Leader
Mega Contributor

Re: Cap One Closed my QS

Another 2 year no use story. Sorry to read this but that wasnt pulling it out from underneath you. Youve been around the forum long enough to know you gotta use your cards or risk losing them.  I think we are seeing more stories on non usage  closing ( 2 years) than actual cc shutdowns. Lesson for everyone is to put usage on your cards at least twice a year, i like the every 3 months approach, just to be safeSmiley Wink

Message 6 of 8
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Community Leader
Mega Contributor

Re: Cap One Closed my QS


@Gmood1 wrote:

I'm sorry OP. But you aren't a noob at this. You can only be mad at yourself. 

 

If you shop Amazon. You can drop a 50 cent charge on each, by reloading your gift card. I need to do the same this weekend.


+100

Message 7 of 8
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Frequent Contributor

Re: Cap One Closed my QS

Use it or lose it, but it's time for a new one.





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