cap1 venture with large limits

[JcT21]

i have the chance to combine 2 of my cap1 cards.  quicksilver wmc and my venture card.  that would put me with a 32k credit limit on a single card.    does that increase the chances of a lowering of credit limit if my score drops some?    is it safer keeping the limits separate?  are there any benefits to having such a high limit on a single card?  does it put you in a special catagory to be "watched" for spending habits?   my utilization is at 6%.  

edit:  if i did combine, would i lose my average age since my venture is about 2yrs newer than my quicksivler or would i be able to keep my history?

[FinStar]

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@JcT21 wrote:

i have the chance to combine 2 of my cap1 cards.  quicksilver wmc and my venture card.  that would put me with a 32k credit limit on a single card.    does that increase the chances of a lowering of credit limit if my score drops some?    is it safer keeping the limits separate?  are there any benefits to having such a high limit on a single card?  does it put you in a special catagory to be "watched" for spending habits?   my utilization is at 6%.  

edit:  if i did combine, would i lose my average age since my venture is about 2yrs newer than my quicksivler or would i be able to keep my history?

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You'd have to evaluate if a higher CL makes sense or provides a long term benefit for you.  Only you know what your financial goals are to determine the amount of spending on your CCs and whether a single, larger CL provides better breathing room overall.  As far as a benefit, let's say that you decide to travel and purchase $8K on airline tickets, accommodations, rental car on your combined $32K "Venture", so from a utlization perspective, $8K fares better on a $32K CL (25%) than $18K (44%), even if you're a PIF individual.  That's just a generalized perspective using Venture as an example.

You won't necessarily be placed on some sort of "watch" list unless something drastic changes with your finances or your overall credit profile.  I'm sure all accounts are monitored for any type of risk whether it's $1K or $100K.

You will not lose the AAoA since the closed account (whichever you chose) will reflect in good standing for about ~10 years.  And your CL will simply be reallocated to the active tradeline that you're going to keep.  So, any active history will be kept on the open account.  You have to decide which rewards structure is going to be of benefit in the long run - Cash or Miles.  And, which APR is more suitable.

[Anonymous]

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@FinStar wrote:

You will not lose the AAoA since the closed account (whichever you chose) will reflect in good standing for about ~10 years.  

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RIght, there is no AAoA impact for several years, but that is the eventual downside.   I have two old cards (1999 and 2004) I decided not to combine because the gain of so doing (very small) doesn't outweigh the eventual AAoA loss (which is also a small factor, but ever so slightly bigger)

[FinStar]

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@Anonymous wrote:

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@FinStar wrote:

You will not lose the AAoA since the closed account (whichever you chose) will reflect in good standing for about ~10 years.  

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RIght, there is no AAoA impact for several years, but that is the eventual downside.   I have two old cards (1999 and 2004) I decided not to combine because the gain of so doing (very small) doesn't outweigh the eventual AAoA loss (which is also a small factor, but ever so slightly bigger)

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I agree LTL.  Plus, I recall you have a couple of Capital One "oldies" with fairly substantial CLs. 

[Anonymous]

I wouldn't combine it. I myself have a QS and venture and I have never thought about combining the limit. Just keep asking them for CLI in time ur one card will be to 32k limit

[Shooting-For-800]

You have 32k whether you combine or not.

I would rather have both World MC and Siggy Visa than one or the other JIC.

[taxi818]

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@Shooting-For-800 wrote:

You have 32k whether you combine or not.

I would rather have both World MC and Siggy Visa than one or the other JIC.

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+1. I would not combine it. Sometimes because you can do something does not mean you should. No way i would do it. I have a Venture and a Quicksilver Mastercard. Since they are on two different networks i prefer it like that. The chances a business will not accept one or the other is slim. I just like the fact of having two different cards with cap one. and my total exposure is the same regardless on one card or multiple.

[Man-Of-Steel]

I've been on the fence regarding this account combination thing.  I recently PC'd a $21K Venture into a Quicksilver (and I still can't get over how hassle free that process was).  Now, I have decided that I will likely combine both of my Quicksilver cards into a single $30K card.  I will likely do this early next year when my original Quicksilver card (with the much higher APR) has been reporting open for 2 full years.  I have no interest in a higher total CL with CapOne at this time and for the most part, I'm a "simplicity type of guy" when it comes to credit cards, so I think this will be the right decision for me.

[JcT21]

   for now im not going to combine.  im coming upon the 6 month mark for a CLI with both of these cards.  im gonna wait and see if i can get a limit increase on either the venture, wmc, or both and then take another look at the combination of the accounts.    thanks for all the replies.  they are appreciated!