What to do with Cap1 Cards? QS1 & Secured

Anonymous · ‎12-03-2015

Since my rebuilding started in March of this year, I'm now conflicted with what to do with my Capital One rebuilder cards... I now currently have cards from Chase, Wells Fargo, and Amex that have $4,000+ limits. My Cap1 QS1 is currently at $1.3K and a secured card at $500 ($49 Deposit). No balances on either and an upcoming AF on both in March of 2016. Should I try to contact the EO and get my limit increased on the QS1 to match my other prime cards or try to PC to a venture One? Or is it better to bite the bullet and close these sub-prime cards.

Your input is appreciated.

Anonymous · ‎12-03-2015

I closed my secured and as soon as it reported closed, app'd and got approved for the Platinum. 2 months later, I PC'd it to the QS w/ no AF. I would keep your current QS1 and just ask to have the AF waived, then you can combine the two later on.

Anonymous · ‎12-03-2015

I was thinking of closing the Secured account regardless. I may apply for the Venture or regular Quicksilver and then combine with the QS1 limit. I now have scores in the upper 600's across the board. I think I should be able to obtain the Venture One. I just hate how Capital One HP's all three reports! All other banks seem to be turning to just the Experian report now, at least Chase, Wells Fargo, and Amex did.

Anonymous · ‎12-03-2015

You might see if CO will PC your QS1 into a QS (or at least waive the fee) - your mileage may vary but some people are successful in getting that to happen and then it might grow some more.

Anonymous · ‎12-03-2015

Also - I'm personally not a fan of the VentureOne, myself. The rewards aren't as good as the QS and if you can get them to remove the AF on your QS1 or have them change it into a QS MC it, to me, is the stronger of the two.

SunriseEarth · ‎12-03-2015

@Anonymous wrote:
Since my rebuilding started in March of this year, I'm now conflicted with what to do with my Capital One rebuilder cards... I now currently have cards from Chase, Wells Fargo, and Amex that have $4,000+ limits. My Cap1 QS1 is currently at $1.3K and a secured card at $500 ($49 Deposit). No balances on either and an upcoming AF on both in March of 2016. Should I try to contact the EO and get my limit increased on the QS1 to match my other prime cards or try to PC to a venture One? Or is it better to bite the bullet and close these sub-prime cards.

Your input is appreciated.

I'd try to PC the QS1 to QS. You can either call in or go on chat to see if you have any offers.