What is PC mean?

[Anonymous]

Hi,

I'm not 100% sure what's PC mean and how does it work.  Assuming PC is Product Change correct? how does this work? I would like to know more detail about this. Is this the same as combined 2 cards into one?  I have 4 cap1  and maybe i would like to PC a card or too...or maybe combine which ever benefit me the most.

[Anonymous]

It's not the same as combining cards into one; that would just be combining credit limits and then closing the zero CL accounts.  Product change/conversion is when you have one credit card and switch it for another with the same issuer, usually by talking with a CSR at the credit card company.  For example, if you wanted a Quicksilver but didn't want to apply for it, you could PC a QS1 if you have one to the QS.  Your QS1 would then be replaced by the QS.

[Anonymous]

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@Anonymous wrote:

Hi,

 Assuming PC is Product Change correct? how does this work? I would like to know more detail about this. Is this the same as combined 2 cards into one?  I have 4 cap1  and maybe i would like to PC a card or too...or maybe combine which ever benefit me the most.

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As I understand a product change is only when you take a credit card, for example, I had the Barclay Apple Rewards. I wasn't interested in this card anymore, so I request Barclay to change it to the Rewards card. They accepted and now I no longer have the Barclay Apple Rewards that earns iTunes or Apple products but rather a Barclay Rewards which earn 2X cash back on utilities, gas and groceries.

[UncleB]

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@Anonymous wrote:

Hi,

I'm not 100% sure what's PC mean and how does it work.  Assuming PC is Product Change correct? how does this work? I would like to know more detail about this. Is this the same as combined 2 cards into one?  I have 4 cap1  and maybe i would like to PC a card or too...or maybe combine which ever benefit me the most.

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Everybody else has pretty much answered the question, but since you mention you have Capital One cards you might be interesting in PC'ing, i'll just add that when you do a PC your account number will (usually) stay the same, as will the terms (APR, annual fee, etc.). 

The one notable 'exception' to this is if you PC a Quicksilver One card to a Quicksilver... that will get you out of paying the annual fee (but will keep the same APR).  Actually, the only difference in the QS and QS1 is the annual fee; the rewards are the same. 

I'll also add that if you have a card with an AF you can sometimes get it permanently removed without doing a PC, but if the card is a plain 'platinum' you might as well have them PC you to a Quicksilver so you can get the rewards.

Hope this helps!