Finally!! The Capital One consolidation is complete!

[Gmood1]

The benefits for me are less accounts to manage while maintaining my utilization padding. It also gives me a mega limit card to use when I need to. It also shows other creditors how I handle a large limit card. IME birds of a feather flock together. Meaning certain credit limits seem to attract similar limits from other lenders.

[Anonymous]

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@Anonymous wrote:

Serious question: What is the benefit of combining accounts?

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Higher credit limit than the individual cards would have had.

If you have multiple cards from an issuer but only use one, it's not a given that you can close the inactive cards and CLI the one you use. Combining accounts lets you do that, and often gets you a higher CL than you would have otherwise gotten. It also avoids additional credit pulls that come with hard pull CLIs or opening new accounts.

[Anonymous]

Congrats!!!!    I want to do the same.  Wasn't sure they would actually go through with it.  Nice to know they will.    Just  freaks me out looking at that number!!!!

[Gmood1]

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@Anonymous wrote:

Congrats!!!!    I want to do the same.  Wasn't sure they would actually go through with it.  Nice to know they will.    Just  freaks me out looking at that number!!!!

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Thanks Sandi! Yeah, that number freaks me out as well. 

I went back and looked at when my last two cards were obtained. Cap one allowed the consolidation exactly 181 days from the day I apped for the cards.

[Anonymous]

Congratulations! Well done!

[Gmood1]

Thanks Music lover!

[drboxing]

How in the world did you accomplish that? That's very impressive

[Gmood1]

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@drboxing wrote:
How in the world did you accomplish that? That's very impressive

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Thanks, to answer your question I apped last year for two Quickslivers and two Ventures. My apps ran roughly 90 days apart. After the first 90 days I requested CLI's.

The first Venture which was approved for $15,000 was raised to $18,000 and the QS was raised from $5000 to $5400. I received another $1000 cli 90 days later on the same QS making it $6400. Around the same time I doubled apped for another Venture and QS. Starting limits $15,000 Venture and $5000 QS. 90 days after those apps I requested CLI's. The 2nd Venture was raised to $18,000. The 2nd QS never received a CLI. Last week I was able to get one of the Venture's CLI to $19,000.

In Feb of this year, I requested my Cap one Platinum($1100) be PC'd to a QS per advice on the forum. I then closed my oldest QS(not even a year old) at $6400 and moved that limit to the PC'd QS making it $7500. I knew in June my other cards should be eligible for consolidation. I then took both Ventures($37,000) total and the remaining QS ($5000) and consolidated them into the $7500 QS. Presto..now I have an almost 9 yr old reporting QS Mastercard with a $49,500 CL.

[DoroLucky]

NOICEEEE!!!

[drboxing]

Thanks so much for sharing. Wish I had done that with my cap1 cards. I'll pay them down then look to consolidate them. Thanks again