Combining Cap1 accounts

[Anonymous]

I have 2 QS1 cards and would like to combine them ... can someone walk me through the process of doing this?  I know there is an option online .. so, I know - technically - how to do it... but, I'm curious about your experience in doing this ... a couple of specific questions...

1)  Is the CL on the combined card always the CL from the 2 cards, combined?

2)  Both of my accounts were opened in 2012... with a couple of recent accounts that have been opened, my AAoA is quite low - 3 years.  How detrimental will it be to my AAoA if I do the combining of accounts?

3)  Any other 'gotchas' that I might want to take into consideration when doing this?

The things that are making me consider this are:

1)  Easier to keep up with 1 account, rather than 2 (obviously)

2)  The combination of these two card would create my highest CL on a card

3)  I don't really like having 2 QS1 cards and 2 AFs for those cards

4)  Thought maybe (??) having one card only with Chase might make them like me more for either the Venture or QS at some point next year?  That logic may be flawed ... so definitely interested in your thoughts on that.

For reference, my current scores are:  EX 670 / TU 665 / EQ 646 (that being said, I might not look good to Cap1 for the Venture or QS next year ?? - thinking around July - as I want to garden until at least then).

Thanks, in advance, for your help!!

[elim]

It's pretty easy. Just choose the oldest or lowest APR to move the limit to.  

[Anonymous]

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@elim wrote:

It's pretty easy. Just choose the oldest or lowest APR to move the limit to.  

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@I agree with @elim.  Best way to do it...

[Anonymous]

Thank you, both, for your input!  That direction makes perfect sense....

Any thoughts on the other items I mentioned?  I guess I'm looking to the experts here to chime in as to whether this is a 'good' move, given the items that I've mentioned.

Thanks!

[Anonymous]

There are no "gotchas" as you stated.  Keep in mind that once the account is combined, the action cannot be reversed.  WRT to your AAoA question, it will still remain the same.  Closed account remain on your report for 10 years and are factored into how your AAoA is calculated.

Your decision to combined makes sense.  Managing one card is better than two and big limits begets other big limits.

[Anonymous]

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@Anonymous wrote:

There are no "gotchas" as you stated.  Keep in mind that once the account is combined, the action cannot be reversed.  WRT to your AAoA question, it will still remain the same.  Closed account remain on your report for 10 years and are factored into how your AAoA is calculated.

Your decision to combined makes sense.  Managing one card is better than two and big limits begets other big limits.

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Thank you for taking the time to respond!  it is much appreciated!

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

There are no "gotchas" as you stated.  Keep in mind that once the account is combined, the action cannot be reversed.  WRT to your AAoA question, it will still remain the same.  Closed account remain on your report for 10 years and are factored into how your AAoA is calculated.

Your decision to combined makes sense.  Managing one card is better than two and big limits begets other big limits.

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Thank you for taking the time to respond!  it is much appreciated!

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You are welcome and happy new year.

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

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@Anonymous wrote:

There are no "gotchas" as you stated.  Keep in mind that once the account is combined, the action cannot be reversed.  WRT to your AAoA question, it will still remain the same.  Closed account remain on your report for 10 years and are factored into how your AAoA is calculated.

Your decision to combined makes sense.  Managing one card is better than two and big limits begets other big limits.

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Thank you for taking the time to respond!  it is much appreciated!

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You are welcome and happy new year.

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Happy New Year to you, as well!

[UncleB]

Lots of good advice here so far... as somebody in a similar situation, I just have one addition.

If you can, time your combination so that you can get a CLI on each card right before you 'merge' them, since combining accounts will likely 'reset' the clock on your CLIs for the remaining card.  Getting a CLI on either (or both) does not impact you ability to combine.

In my own case, I just got a CLI on each of my cards ($1k on each) in December and my QS1 AF isn't until July... so I plan to wait on combining until I get another CLI on each card again in June, then combine just before the July AF is due.  I didn't plan the dates out in advance... I just got 'lucky' that it worked out that way. 

If you have an AF due before your next eligible CLI, it might be more desirable to go ahead and combine them to avoid the AF.  You've got options! 

Edited to add:  Happy New Year!

[jeffery581]

yes it is very easy I don't understand all the confusion and problems with cap 1 combining accounts. This is not directed to anyone in particular just see thread after thread about this.