For those with "stuck" Capital One accounts

[Anonymous]

Last year I made a post describing several Capital One cards I have had since 2002. The cards have gone through periods of high use/ no use/ carried a balance and have been balance free. Basically, every sort of use had been tried on these cards at one time or another.

One card was a Capital One Platinum from the start and had a $600 credit line. The other 2 were originally Household bank cards and were in the $1500 credit line range. I have repeatedly tried for credit line increases and only met with slight success in the last 2 attempts. Bringing all 3 up to the $2000 range. I have also tried to product change all 3 to a Quicksilver or anything else monthly with no success.

All of this with my Ficos reaching the 760 range.

I finally decided to take the advice given to me in the previously mentioned thread and to app for a new Venture. My app went to 7-10-day notice and I was skeptical but several days later I was approved for a $30,000 starting line. I even received the new metal card. Wohoo.

I’ll give the old cards one more CLI request in a few months then I’ll have to decide how I will combine them or if I’ll keep one for its age. I’ll keep the Venture after the sign up bonus if I can get the fee waved and product change to a Quicksilver if not. I really wanted a good Cap 1 card since I have a 360 bank account and Cap 1 Investing account. It’s nice to have all together.

So for any others out there banging there head into the wall trying to get these old cards some love, I really recommend moving on. For whatever reason Capital One seems to have anchored at least some of these old cards to where they will never grow or grow so slowly that they aren’t worth it.

[Anonymous]

Wow. That's a hell of a SCL. Congrats   Thanks for the data points as well. 🎉🍾🎊

[trant3]

Good advice. Those cap 1 cards are essentially starter cards, it served its purpose, time to move on!

[Anonymous]

Venture SL!!!!


😁😃<____!!!!!!!!NOIIICE!!!!!!!_____>😃😁

[SunriseEarth]

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@Anonymous wrote:

Last year I made a post describing several Capital One cards I have had since 2002. The cards have gone through periods of high use/ no use/ carried a balance and have been balance free. Basically, every sort of use had been tried on these cards at one time or another.

One card was a Capital One Platinum from the start and had a $600 credit line. The other 2 were originally Household bank cards and were in the $1500 credit line range. I have repeatedly tried for credit line increases and only met with slight success in the last 2 attempts. Bringing all 3 up to the $2000 range. I have also tried to product change all 3 to a Quicksilver or anything else monthly with no success.

All of this with my Ficos reaching the 760 range.

I finally decided to take the advice given to me in the previously mentioned thread and to app for a new Venture. My app went to 7-10-day notice and I was skeptical but several days later I was approved for a $30,000 starting line. I even received the new metal card. Wohoo.

I’ll give the old cards one more CLI request in a few months then I’ll have to decide how I will combine them or if I’ll keep one for its age. I’ll keep the Venture after the sign up bonus if I can get the fee waved and product change to a Quicksilver if not. I really wanted a good Cap 1 card since I have a 360 bank account and Cap 1 Investing account. It’s nice to have all together.

So for any others out there banging there head into the wall trying to get these old cards some love, I really recommend moving on. For whatever reason Capital One seems to have anchored at least some of these old cards to where they will never grow or grow so slowly that they aren’t worth it.

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If you feel like putting the effort, you could try reaching out to the EO.   If not, sounds like moving on works well, too.  

[Anonymous]

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@trant3 wrote:

Good advice. Those cap 1 cards are essentially starter cards, it served its purpose, time to move on!

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Agreed!!!

[K-in-Boston]

Thank you so much for this post! I have mentioned my CapOne story before and I have a thread going about clearing out my sock drawer, and my gut was to apply for a new card and move on.  Since I know Venture tends to be the highest SL and I have a Venture One already, I cold apped yesterday and got the 7-10 day message.  Not many threads about the Venture with 7-10 day notice, but many about V1, QS and QS1.

I have been a CapOne customer since 2000.  Originally had a $500 card when I had almost zero credit and then approved in 2001 for a $1500 card.  They bought out 2 other lenders whose names I cannot remember in 2002, and I was able to merge those 2 $500 cards into the $1500 which was a Visa, but they could not merge the $500 CapOne since it was a MC.  These two remaining cards never received a single CLI other than the combining the entire 16 years they were open!  At some point in the mid-2000s, they also bought out my $875 Orchard Bank card and my Direct Merchants Bank card which was $5300.  Early last year I began to get serious about my credit and to replace/PC cards and start asking for CLIs and APR reductions.  I merged the 4 CapOne cards into the $5300 one since it had no AF even though the card was a few years newer (2004) and had a marginally higher 25.24% APR, then did a PC on the now-$9175 Platinum card to Venture One WMC.  Turned down for CLI since they considered the consolidation to be a CLI.  Used it heavily for a few months before the 6 month mark and still nothing every single month since.  APR reductions? No.  Balance transfer offers?  Sure, no fee and just pay your same 25.49% purchase APR haha.

I have clean reports, high income and many 5-figure cards.  Very frustrating when I see others with BK or other serious baddies getting low APRs and CLI after CLI with CapOne.  It always seemed like they just had me in the "limited credit experience" bucket, and 17 years later I am still there regardless.  So, I was on the fence about either keeping it in the sock drawer until they eventually close it and be done with CapOne, or to just apply for a real CapOne card, move my $9175 over to it and be done with the lingering subprime stigma of my existing cards.  Yesterday I made my choice but was disheartened to get a 7-10 day message.  Thanks to your post and the few others that have mentioned the Venture, I have hope that I'll get a low-tier APR with a SL of $20-30k and I can move on.  Still "reviewing" when I call the automated number.

[jc2]

This is very helpful info. Thank you. And congrats on the SL!

[Anonymous]

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@K-in-Boston wrote:

Thank you so much for this post! I have mentioned my CapOne story before and I have a thread going about clearing out my sock drawer, and my gut was to apply for a new card and move on.  Since I know Venture tends to be the highest SL and I have a Venture One already, I cold apped yesterday and got the 7-10 day message.  Not many threads about the Venture with 7-10 day notice, but many about V1, QS and QS1.

I have been a CapOne customer since 2000.  Originally had a $500 card when I had almost zero credit and then approved in 2001 for a $1500 card.  They bought out 2 other lenders whose names I cannot remember in 2002, and I was able to merge those 2 $500 cards into the $1500 which was a Visa, but they could not merge the $500 CapOne since it was a MC.  These two remaining cards never received a single CLI other than the combining the entire 16 years they were open!  At some point in the mid-2000s, they also bought out my $875 Orchard Bank card and my Direct Merchants Bank card which was $5300.  Early last year I began to get serious about my credit and to replace/PC cards and start asking for CLIs and APR reductions.  I merged the 4 CapOne cards into the $5300 one since it had no AF even though the card was a few years newer (2004) and had a marginally higher 25.24% APR, then did a PC on the now-$9175 Platinum card to Venture One WMC.  Turned down for CLI since they considered the consolidation to be a CLI.  Used it heavily for a few months before the 6 month mark and still nothing every single month since.  APR reductions? No.  Balance transfer offers?  Sure, no fee and just pay your same 25.49% purchase APR haha.

I have clean reports, high income and many 5-figure cards.  Very frustrating when I see others with BK or other serious baddies getting low APRs and CLI after CLI with CapOne.  It always seemed like they just had me in the "limited credit experience" bucket, and 17 years later I am still there regardless.  So, I was on the fence about either keeping it in the sock drawer until they eventually close it and be done with CapOne, or to just apply for a real CapOne card, move my $9175 over to it and be done with the lingering subprime stigma of my existing cards.  Yesterday I made my choice but was disheartened to get a 7-10 day message.  Thanks to your post and the few others that have mentioned the Venture, I have hope that I'll get a low-tier APR with a SL of $20-30k and I can move on.  Still "reviewing" when I call the automated number.

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Keep us posted!  I'm on the fence about apping for Venture

[K-in-Boston]

SpartanSoul, quick question... Did your new card show up in your online account automatically or not until after you activated it? Did you find out you were approved by email, phone or mail first? Thanks!