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I hope Capital One responds with their plan of action soon.
@meka1984 wrote:I hope Capital One responds with their plan of action soon.
You should read their "plan of action" that was released after they had bought ING Direct recently. It's a wonderful piece of flowery corporate speak that has absolutely zero contents.
I have two cap one and a BBRZ MC which is HSBC. So that means i will have 3 cap ones....great this completes my no CLI cycle.
@CS800 wrote:I have two cap one and a BBRZ MC which is HSBC. So that means i will have 3 cap ones....great this completes my no CLI cycle.
@Mekitcat wrote:
@Anonymous wrote:
What might happen to Orchard Bank credit card holders after the transfer if CapOne finds that person was blacklisted with CapOne?
How do you know if you were blacklisted? Did you default with them recently? I still had the CA of theirs on my CR and they still gave me a new card, granted it was a mere $300 limit (its also in credit steps) but it was my first card again when I started to repair. I only just got it this past April. So you may not be as blacklisted as you might think. Unless it was recent?
Not me, but the person is definitely blacklisted. When they apply CapOne doesn't even pull their credit reports and declines the application stating "past delinquencies with CapOne". Not sure what their criteria for blacklisting is, but they do have people on a blacklist.
I wonder if after acquiring the Orchard Bank portfolio they will cancel those on their blacklist.
I have a feeling this is going to be much like Wahington Mutual being bought by Chase.... Many people transferred over with a Blacklist from Chase and they didn't get closed out.... I believe it was 6-12 months in that some people did experience some closures.... my friend came over with 8k line... he closed about a year after and tried to open a card directly with Chase and he was black listed... they told him he shouldn't have closed the card he had and it would have been fine...
Besides HSBC and Cap1 have been practically running the exact Sub-Prime credit offerings for years. $300 start up CL and no CLI in over 2 years.... it's a wash in my eyes of who owns it.
No CLI should be cap 1's new motto. my first card was a cap 1, over 3.5 years ago. Never a single CLI. Just recently opened a new cap 1 w/ a $500 initial limit and they STILL won't increase my paltry $300 startup limit. Even when I threatened to cancel my account, the lovely CSR from some other country just said, OK, would you like me to cancel now?
They don't care one bit about customer service or retention.
Looks like I'll be cancelling my BBRZ card once it goes over to cap 1
my household bank card is now closed
its was a good ride while it lasted has opened alot of doors for me
now i just need to find a nice card to replace it.
RIP
Household Bank 06/12/2008 - 6/12/2011
Wow looks like it. I read an article saying theres a good posibility that overlapping customers (customers being switched over that already have subprime capital one cards) will face credit cuts to minimize risk exposure. Oh wow this is going to be interesting.