@Anonymous wrote:
The problem with the old convered cards, IME is they just sit there. Mine was a something, bought out by something else, bought out by something else, bought out by HSBC. I think the date is 1999. It was $3600 forever. It had an AF and with the first couple companies I could get it waived. I can't remember if it was HSBC I couldn't, or only once it got to Cap One. One of the first things I thought I'd do when I started getting educated here last spring was close that card. However I successfully got it converted from Platinum to QS, AF permanently waived, and CL to $5k (it's a WMC). But again...there it sits. No CLI. No offers for anything else. With a little use, or with more use, I haven't seen any difference.
I'd told myself that I might go for a new QS or Venture and then with the possibility to combine limits, I thought I could keep my old date. But then I'd still be stuck with a card that got no love. Or I could transfer the $5k to a new card. But I don't really need a new card, I don't see taking a triple pull, and if I did, I likely wouldn't need the extra $5k.
Still, with each new app, I tell myself that I'll close it. But instead I just pulled the things that were auto charged to it and I'll just SD it completely. If they close it, they close it. But I doubt it with Cap One. I've got alerts set up so I don't have to go on the site to check up on it. That's my current plan. Let it sit.
I followed the same logic as you with my card from Cap1. Interesting though, my HSBC credit card was the one they upgraded. It was my Platinum that they refused to remove the $5 monthly fee so I closed it. It originally started out as a debt Cap 1 purchased from Best Buy.
Like you, I'm unwilling to take 3 possible HPs to get a card I don't need. My credit arsenal is 98% complete. The only type of card missing is for travel. Eventually, I will get one but for now I'm set.
For now, she will continue to hang out in the SD. Every now and then I pull her out for a small purchase to keep her open. As long as there's no annual fee, I will keep her. Until then...
