cancel
Showing results for 
Search instead for 
Did you mean: 

Does Cap1 claw back SUBs?

wasCB14
Super Contributor

Does Cap1 claw back SUBs?

I opened Savor in Feb 2019. I like Postmates Unlimited, but Cap1 is ending the reimbursement in 2020.

 

If I don't like whatever Cap1 replaces Postmates Unlimited with, can I safely close the card in January? Or do I need to worry about keeping it a full 12 months to keep Cap1 from clawing back the $500 SUB?

Spend: BofA PR + WWFCR, BBP, Schwab Platinum, CFF+CF, Costco, Discover
Perks: IHG49, Hyatt75, Delta Platinum, "Old" SPG95
SD/AAoA Ballast: Arrival, CFU, DC
Upgrade/downgrade games: BCE, EDP
SUB: JetBlue, Amex Platinum
Mostly earning MRs and cash back as I use up hotel and airline points spread across several programs.
Message 1 of 5
4 REPLIES 4
Obscure-Expert
Valued Contributor

Re: Does Cap1 claw back SUBs?

I haven't heard of them clawing things back and if they did I'm sure this place would catch on fire.

500K+ TCL / 800+ FCOs
Message 2 of 5
NRB525
Super Contributor

Re: Does Cap1 claw back SUBs?

I got mine about the same timeframe, and my plan has been to keep it two years. The Entertainment category is reasonably useful, and the $500 SUB I am applying to "give some back" with the AF.  I fully acknowledge the opinions of others that my methodology is not written in the contract, but I also got the Venture in 2015 and closed that in mid-2018.  

I also have a QS with fixed 10.9% APR, so I enjoy maintaining a positive, symbiotic relationship with CapOne. 

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
Message 3 of 5
wasCB14
Super Contributor

Re: Does Cap1 claw back SUBs?

Yes, I suppose I'd have heard of Cap1 clawbacks, given how well Amex is now known for it. OTOH, a lot of people like to downgrade Cap1 cards to no-AF products rather than close them so early closures on cards with bonuses (not rebuilder products) may not be so common. I'm at a point in terms of wallet complexity where adding a new lender should involve dropping an old one.

 

I have other good cards for dining, and I've complained before about Cap1's definition of "entertainment"...not that it matters much with BBP and a likely BofA Premium Rewards.

 

I don't really see any role for symbiosis with Cap1. The card was originally intended to be totally disposable - Postmates credits just proved to be an unexpected benefit sufficient to keep the card open.

Spend: BofA PR + WWFCR, BBP, Schwab Platinum, CFF+CF, Costco, Discover
Perks: IHG49, Hyatt75, Delta Platinum, "Old" SPG95
SD/AAoA Ballast: Arrival, CFU, DC
Upgrade/downgrade games: BCE, EDP
SUB: JetBlue, Amex Platinum
Mostly earning MRs and cash back as I use up hotel and airline points spread across several programs.
Message 4 of 5
NRB525
Super Contributor

Re: Does Cap1 claw back SUBs?

Have you checked the Vivid Seats cashback? The seats are expensive, but I used it to get Hamilton tickets in SF. Took a lark weekend trip with DGF this past spring, it was worth the spend since it's hard to find tickets to any of the shows. Anyway, the Savor Vivid Seats cash back took some of the sting out of the overall cost of the bucket list experience.

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
Message 5 of 5
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.