Ok, I just was approved for Cap 1 Venture with 15K CL and 12.9% APR. My only other card is Cap 1 Platinum with 5K CL and 24.9% APR. That card still is in Credit Steps so the CL will rise at least $500 but that is beside the point. Obviously, I will stop using the high APR card and put it all on the lower one. I guess a balance transfer is in store, too!
My question is twofold: First, since the high APR card is only 4 months old, would calling for an APR reduction be a waste of time? Second, would putting the high APR in the sock drawer subject it to being closed by Cap 1 if I don't use it at all or sparingly?
My question is twofold: First, since the high APR card is only 4 months old, would calling for an APR reduction be a waste of time? Second, would putting the high APR in the sock drawer subject it to being closed by Cap 1 if I don't use it at all or sparingly?
Just a note, generally you cannot BT on two cards from the same company.
I once went 3 years without using my CapitalOne card without them closing it for inactivity. However…I do NOT advise anyone to go that long without using a card they actually want to keep open. Buy a cup of coffee once a quarter or put a small re-occurring bill (Hulu, Netflix, etc.) on the card to keep it alive.
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@sunkissed wrote:I once went 3 years without using my CapitalOne card without them closing it for inactivity. However…I do NOT advise anyone to go that long without using a card they actually want to keep open. Buy a cup of coffee once a quarter or put a small re-occurring bill (Hulu, Netflix, etc.) on the card to keep it alive.
Mine was unused for like 4 years and then they start sending 0% offers.
@Anonymous wrote:
@sunkissed wrote:I once went 3 years without using my CapitalOne card without them closing it for inactivity. However…I do NOT advise anyone to go that long without using a card they actually want to keep open. Buy a cup of coffee once a quarter or put a small re-occurring bill (Hulu, Netflix, etc.) on the card to keep it alive.
Mine was unsed for like 4 years and then they start sending 0% offers.
Cool beans! 