Has anyone had any success with lowering their interest rate with Capital One? My goodness...just trying to get a decent answer is like pulling teeth!
Any suggestions?
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I was only able to get mine temporarily lowered a few points when I had an account with them. It was a promotional offer they gave me after asking, and was only good for six months.
I wish I would have been able to get the EO to permanently remove the AF on my Quick Silver One. I had to contact them every year and they would credit it for me, but I got tired of having to do that so I closed the card.
@Anonymous wrote:
@joshkm wrote:
I wish I would have been able to get the EO to permanently remove the AF on my Quick Silver One.
Have you tried to PC the Quicksilver One MC to the Quicksilver MC?
I asked a couple times and the EO told me they couldn't do it. I have better cards now so I figured why deal with having to beg them every year. I closed it. Nothing against Capital One. They helped open the door for me, but it was time to move on. Maybe in the future I'll apply for the Visa Signature version, but for now with Citi DC and Fidelity Amex, I don't need it.
My QS1 was a Platinum before I had it PC'd and the rewards added on.
@UncleB wrote:
@Anonymous wrote:
@joshkm wrote:
I wish I would have been able to get the EO to permanently remove the AF on my Quick Silver One.
Have you tried to PC the Quicksilver One MC to the Quicksilver MC?
For some folks the PC of a Quicksilver One MC to a Quicksilver is very elusive... I've been told for 3 years now that "there are no offers available at this time". My QS1 annual fee is $79, and they usually waive half of it, which means I'm still paying more than somebody with a new QS1 card. I've not closed the account because it's one of my oldest, and the APR is actually not bad (14.9%).
Now that we can merge/combine accounts, that seems to be the answer to both the AF and APR issues. The AF issue is usually workable (with an annual phone call for most) but if Capital One can ever figure out how to lower an APR without requiring the EO they will become even more competitive than they are now.
$79 that's high! How did you end up paying that? Was it another product before?
My QS1 AF was $29 and that was because it was a Platinum before I had it changed over. It always bugged me because a couple days after I apped for it I saw they lowered the AF on the Platinum to $19 or something like that.
@joshkm wrote:
@UncleB wrote:
@Anonymous wrote:
@joshkm wrote:
I wish I would have been able to get the EO to permanently remove the AF on my Quick Silver One.
Have you tried to PC the Quicksilver One MC to the Quicksilver MC?
For some folks the PC of a Quicksilver One MC to a Quicksilver is very elusive... I've been told for 3 years now that "there are no offers available at this time". My QS1 annual fee is $79, and they usually waive half of it, which means I'm still paying more than somebody with a new QS1 card. I've not closed the account because it's one of my oldest, and the APR is actually not bad (14.9%).
Now that we can merge/combine accounts, that seems to be the answer to both the AF and APR issues. The AF issue is usually workable (with an annual phone call for most) but if Capital One can ever figure out how to lower an APR without requiring the EO they will become even more competitive than they are now.
$79 that's high! How did you end up paying that? Was it another product before?
My QS1 AF was $29 and that was because it was a Platinum before I had it changed over. It always bugged me because a couple days after I apped for it I saw they lowered the AF on the Platinum to $19 or something like that.
Yeah, it was an HSBC/Orchard Bank Mastercard with 2% cash back. They lowered my cash back to 1.5% when it became a Quicksilver, but kept the AF the same. I would have closed it long ago, but it's one of my oldest cards (it's now eight years old) and I keep hoping they'll change their mind on the AF. I'm $80 away from breaking the $3k threshhold on the credit limit, and some folks here believe that will make it easier to PC to the Quicksilver.
We'll see... I'm up for a CLI in December. If they don't do the PC after that, I'll definitely merge it with my no-AF Quicksilver Visa Signature. There's no way I'm paying that fee (or even half of it) again. 