For those with "stuck" Capital One accounts

[Anonymous]

K, I found out about the approval by calling 1-877-277-5901, the card didn't show up in my online account until I added it. Good luck, I hope you do well.

I was really baffled me as to why they would never let me product change any of my cards when I would constantly see others doing it. Cap 1 can definitly be a hard one to figure out. 

[K-in-Boston]

Thanks! The PC was not an issue for me, they offered me V, V1, QS or QS1 when I called. Just everything else is stuck in time for me. I called the number and while the prompts to get there are different (like phone # rather than SSN) the automated message was the same "We've received your application... something something something by mail in the next 10 business days" message as the number in their FAQ. Did you press the option to speak to a representative?

[Anonymous]

My Venture is stuck at $15,000. Lol. It's w/e though.

If they didn't want me slowpaying them BT's every 18mos on the 1% checks they send me, they wouldn't keep waiving my AF and sending me those checks.

[DeeBee78]

Don't ever hang onto a card for its age. By the time it falls off your credit reports (10 years from account closure) it won't matter. You'll have other accounts that have aged and padded your AAoA.

[Anonymous]

I never spoke to anyone, just called a couple times a day and day 4 it finally said approved. 

[Anonymous]

$15000 is way better than $600 LOL

[Anonymous]

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@DeeBee78 wrote:

Don't ever hang onto a card for its age. By the time it falls off your credit reports (10 years from account closure) it won't matter. You'll have other accounts that have aged and padded your AAoA.

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I know but 2 of these are my oldest open accounts. I just wanted to product change to a no fee Quicksilver and work up to a useable limit. I still hope to convince them to change over my oldest.

[DeeBee78]

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@Anonymous wrote:

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@DeeBee78 wrote:

Don't ever hang onto a card for its age. By the time it falls off your credit reports (10 years from account closure) it won't matter. You'll have other accounts that have aged and padded your AAoA.

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I know but 2 of these are my oldest open accounts. I just wanted to product change to a no fee Quicksilver and work up to a useable limit. I still hope to convince them to change over my oldest.

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Cards that Capital One acquired through bank acquisitions aren't treated the same as their own offerings. Common experiences forum members post about is a lack of CLI's, inability to combine, no PC's available, and unremovable annual fees. Of course there are exceptions to these rules, usually by engaging the Executive Office, but for most people these cards don't grow. 

Capital One sticks people in buckets, based on what they feel your profile supports. As commonly mentioned, the only way out of their profiling is by doing what you did- opening a new account. With a 30K Venture, those cards just became a lot less useful, and (in my opinion) there's no point in being sentimental over them being your oldest accounts. 

Don't be afraid to cut the fat from your profile. I've closed 4 store cards and two majors this year, and we're only in February. 

[Anonymous]

Great post OP. This method does absolutely work! I have been stuck with my first Cap 1. I applied yesterday for the Venture and received 10K (not as nice as 30K, but it is quite a lot for me). I will combine my older QS card into my Venture when I finally receive and activate the Venture card. This is a very useful method of "moving on" with Capital One!

[Anonymous]

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@DeeBee78 wrote:

Don't ever hang onto a card for its age. By the time it falls off your credit reports (10 years from account closure) it won't matter. You'll have other accounts that have aged and padded your AAoA.

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While I agree with this mainly, I disagree if it's your oldest account as AoOA is factored into scoring.  Sure, if you cancel your oldest account today it will still be your oldest account 9-10 years from now, but then your AoOA will drop.  Will that drop be significant?  Probably not, but it will still drop.  For this reason, I recommend keeping open your oldest account, even if it means you SD a card to do it.  Different opinions from different people on this subject, no doubt.