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DW has three cap one accounts. One was an Orchard bank card that got converted.
Debating another Quicksilver and/or Venture next month.
Should she request CLI's on her existing accounts BEFORE a new app, or after?
The CLIs will likely be SPs. I would do those first?
The new card is a HP (or 3 one per bureau)
Honestly do not know the best answer.
Why a fouth Cap1 Card? Just curious
@Appleman wrote:The CLIs will likely be SPs. I would do those first?
The new card is a HP (or 3 one per bureau)
Honestly do not know the best answer.
Why a fouth Cap1 Card? Just curious
Thank you. She's shopping for low interest, high credit limit, and BT cards. I think that a QS card will give here a decent starting limit and some zero percent BT time...although I know there will be a fee.
Total CL: $321.7k | UTL: 2% | AAoA: 7.0yrs | Baddies: 0 | Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping |
@RM21 wrote:
I'd do the CLI's first because they're SP's just as Appleman said. That way, the updated limits can report and possibly boost your score a bit before you app.
+1
When I spoke to a specialist with Capital One a year or so ago (she was very knowledgeable) she told me that all Capital One accounts are looked at individually when it comes to CLIs, APR, etc., and that if you have multiple accounts they have little impact on each other (I'm sure there's an exception if you're late on one, though).
I request my own CLIs every six months like clockwork, regardless of my intentions to app for another card (Capital One or otherwise) and I've never had a problem. I'm also looking to get another Capital One card in the future with a lower APR as my main goal; I'm checking the prequal for my rate on a Venture One, since it's consistently 1% lower than either Venture or Quicksilver (and can later be PC'd to a Quicksilver).
So far my rate for the Venture One offer is 'stuck' at 17.25%... if/when it dips to 15% or lower I'll likely pull the trigger.
@UncleB wrote:
@RM21 wrote:
I'd do the CLI's first because they're SP's just as Appleman said. That way, the updated limits can report and possibly boost your score a bit before you app.+1
When I spoke to a specialist with Capital One a year or so ago (she was very knowledgeable) she told me that all Capital One accounts are looked at individually when it comes to CLIs, APR, etc., and that if you have multiple accounts they have little impact on each other (I'm sure there's an exception if you're late on one, though).
I request my own CLIs every six months like clockwork, regardless of my intentions to app for another card (Capital One or otherwise) and I've never had a problem. I'm also looking to get another Capital One card in the future with a lower APR as my main goal; I'm checking the prequal for my rate on a Venture One, since it's consistently 1% lower than either Venture or Quicksilver (and can later be PC'd to a Quicksilver).
So far my rate for the Venture One offer is 'stuck' at 17.25%... if/when it dips to 15% or lower I'll likely pull the trigger.
Don't hold your breath. I love Capital One, but low interest rates do not appear to be an arrow in their quiver.
1st move see if she can combine limts and report back
@SouthJamaica wrote:
@UncleB wrote:
@RM21 wrote:
I'd do the CLI's first because they're SP's just as Appleman said. That way, the updated limits can report and possibly boost your score a bit before you app.+1
When I spoke to a specialist with Capital One a year or so ago (she was very knowledgeable) she told me that all Capital One accounts are looked at individually when it comes to CLIs, APR, etc., and that if you have multiple accounts they have little impact on each other (I'm sure there's an exception if you're late on one, though).
I request my own CLIs every six months like clockwork, regardless of my intentions to app for another card (Capital One or otherwise) and I've never had a problem. I'm also looking to get another Capital One card in the future with a lower APR as my main goal; I'm checking the prequal for my rate on a Venture One, since it's consistently 1% lower than either Venture or Quicksilver (and can later be PC'd to a Quicksilver).
So far my rate for the Venture One offer is 'stuck' at 17.25%... if/when it dips to 15% or lower I'll likely pull the trigger.
Don't hold your breath. I love Capital One, but low interest rates do not appear to be an arrow in their quiver.
+1
I have my last baddie aging off in June or July, so I'm hoping that will make the difference and put me into a different category with Capital One... although I'm also aware that it might not. <Fingers crossed!>
It will be an interesting data point either way.
@myjourney wrote:1st move see if she can combine limts and report back
+100
If I didn't already know I could combine accounts, I wouldn't even consider getting another anytime soon.
That would be a show-stopper for me, personally.
@UncleB wrote:
@SouthJamaica wrote:
@UncleB wrote:
@RM21 wrote:
I'd do the CLI's first because they're SP's just as Appleman said. That way, the updated limits can report and possibly boost your score a bit before you app.+1
When I spoke to a specialist with Capital One a year or so ago (she was very knowledgeable) she told me that all Capital One accounts are looked at individually when it comes to CLIs, APR, etc., and that if you have multiple accounts they have little impact on each other (I'm sure there's an exception if you're late on one, though).
I request my own CLIs every six months like clockwork, regardless of my intentions to app for another card (Capital One or otherwise) and I've never had a problem. I'm also looking to get another Capital One card in the future with a lower APR as my main goal; I'm checking the prequal for my rate on a Venture One, since it's consistently 1% lower than either Venture or Quicksilver (and can later be PC'd to a Quicksilver).
So far my rate for the Venture One offer is 'stuck' at 17.25%... if/when it dips to 15% or lower I'll likely pull the trigger.
Don't hold your breath. I love Capital One, but low interest rates do not appear to be an arrow in their quiver.
+1
I have my last baddie aging off in June or July, so I'm hoping that will make the difference and put me into a different category with Capital One... although I'm also aware that it might not. <Fingers crossed!>
It will be an interesting data point either way.
It will be interesting if and only if you do actually get a 15% or lower interest rate