So I find myself with two of the exact same Cap1 cards. They are as follows:
Card 1- opened 11/2010 HSBC Orchard ($320) to Platinum ($320 to $500) then to QS1 (EO increase to $1K month and a half ago); AF perm waived
Card 2 - opened 7/2012 Platinum ($1K) auto CLI to 1.5K with credit steps then EO increase to 2.5K month and a half ago; AF perm waived
I kept the number to the EO rep and called back today and asked if I PC to one of them to a travel card or just anything instead of having two of the exact same cards. She told me they didn't have any offers since I "upgraded" to QS1's. Having just acquired 3 cards I've been wanting for a while and knowing that closing one of them won't hurt me (I PIF), I asked for them to take the 2.5K from the newer card and add it to the old one and add an additional 1.5K to make it to where I have one card with a 5K limit. I told them that I'm agreeable if the increase is contingent on closing the other card whereas not to be over extended in their eyes. The EO rep agreed this makes sense and was happy to submit my request. The 2012 card perfect payment history will stick around for 10 years and I'll give the other (my oldest CC account) a nice workout from time to time if they come through.
Was this a reasonable request? Think it's a rational decision? I've never closed a CC account before so just curious what others think.
Wish me luck! I don't know what I'm going to do if this doesn't come through.
I think it's very rational.. and a great thought.
Hope they do it! Good luck!
Hope they do it! Good luck!
IMO, it's pefectly reasonable. I requested to combine limits on two of my cards and was told that they don't combine limits. But then again, I was told that they don't permanently remove AF's either 
So, good luck to you!
@CelticLady wrote:IMO, it's pefectly reasonable. I requested to combine limits on two of my cards and was told that they don't combine limits. But then again, I was told that they don't permanently remove AF's either
+1 I was also told they couldn't combine limits by the EO. Interested to hear the response you get OP
I'll keep everyone in the loop. I don't know if they will technically combine them or just increase the one contingent that I close the other. It's an interesting request and I'm hoping for the best.
Four days later and nothing. I noticed a fresh SP on EQ yesterday from them. I called today but the lady helping me was out of the office and the gentleman I spoke with said the request is still in process. Honestly, my expectations are low but I'm hoping for the best. I just have a gut feeling that if they didn't do it yesterday on the day of the SP, it's probably not going to happen. I hope I'm wrong. I'll keep everyone in the loop.
.... and on the 8th day.... I finally get a call back from the lady at the EO office and she advises me that the UW's won't budge and that my limits will remain the same. They won't take the 2.5K and add to the other either. I asked her why considering my HHI and 780 score on their latest SP (EQ). She told me that I didn't have enough experience with high CL's (although they are looking at a Citi card with a 9.5K limit on my report). She also mentioned there was not enough use on the cards which is untrue. I ran alot through them and PIF every couple weeks in the recent past. There's honestly nothing else I can do. I'm very tempted to close both cards. It's a matter of pride now and I don't need their cards for anything, util or otherwise. What is so messed up about this is I just bet if I app'ed for a Venture or QS Visa Sig I would be instantly approved for 5K plus.
All of my other four cards are at 0 balance and I'd only be losing 3.5K total available credit if I close them both. What say you? Close them or let them sit? One of them is my oldest card but in 10 years when it drops off, AMEX, Citi, HNB will be 7 years old and Discover around 8.5 years old. I don't think I'll get blasted 10 years down the road for closing them. Advice please.