Capital One Combine Card Option

[Anonymous]

Has anyone done this request for card combination option? 

Combines credit lines onto your prefered card. 

Closes the other card. 

Is my secured Capital one card able to0 be combined to my non secured Cap 1 card? 

How bad will it hurt to close my secured card? 

Currently i have had my secured card for almost 2 years. the secured is my 2nd oldest account. The credit line is only $500 I initially deposited this card with $200 that im supposed to have refunded once i close the account. Id really like to close this account but not if it will hurt my credit too bad. 

My oldest card is a store card and 4 years old. 

Cap 1 is my second oldest. 

just about everything else is pretty new about 1 year or newer. 

My average credit history is about 1 year 3 months old since most of my accounts are new. 

[Anonymous]

Closing an old account won't necessarily hurt your credit unless you have high utilization and it's helping with that. The Capital One will stay on your credit report ten years after closing as long as it's in good standing, therefore you won't lose the average age of accounts. On the other hand, I am pretty sure that the secured cards are not able to be combined. Check with Capital One maybe you can chat with them.

[Anonymous]

Secured aren't eligible, but the process is fairly easy if you do have two eligible cards

[Anonymous]

You can't combine a secured card with an unsecured card.  What other credit cards do you have and what are their limits?  

[Anonymous]

Currently these are the only two master cards I have. 1 secured $500 and 1 unsecured $1500 both capital one. The rest of my cards are store cards... They range from 350-1500 I think I will close out the secured card just to get my 200$ back

[Anonymous]

Capital one platinum $1500
Lumber liquidators $1500
Victoria Secret 1150$
Kay Jewellers 900$
Finger Hut 900$
Capital one secured $500
Overstock $350

[Anonymous]

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@Anonymous wrote:

Capital one platinum $1500
Lumber liquidators $1500
Victoria Secret 1150$
Kay Jewellers 900$
Finger Hut 900$
Capital one secured $500
Overstock $350

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Ok.. You have a lot of store cards and I hope you are not planning on getting more.  That being said, you have enough cards so close the secured card and get your money back.  But try to get another revolving card in the mix...

[Anonymous]

I also need to refinance my auto loan within the next two months... I'm going to try to get my utilization really low first and see how much my most recent credit increases have helped my credit. After refinancing I'll close the secured card and try for another credit card with no annual fee or low annual fee...

[Anonymous]

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@Anonymous wrote:
I also need to refinance my auto loan within the next two months... I'm going to try to get my utilization really low first and see how much my most recent credit increases have helped my credit. After refinancing I'll close the secured card and try for another credit card with no annual fee or low annual fee...

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That sounds like a good plan...

[Anonymous]

Also I have a 500$ personal loan that will be paid off by May it was a 1 year term... Any idea if that loan closing will drop my credit score? Should I apply to refinance car b4 the personal loan expires? It only has a balance of 40$ currently