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Nearly 11 years - Cap1 secured

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Duncanrr
Valued Contributor

Nearly 11 years - Cap1 secured

I was hoping for an upgrade as I hate to lose a long line credit but after nearly 11 years, credit scores in 800s, new credit cards with CL of nearly 30k each; Cap1 still hasn't upgraded my secured card.  Seriously, what the hell?

 

31906676-0388-40C2-8FC6-447F9CF7C357.png

 



Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 808 TU --- EX --- CK 804(FAKO-EX 821, EQ 823, TU 803)
Goal Score: 750

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Message 1 of 7
6 REPLIES 6
GZG
Valued Contributor

Re: Nearly 11 years - Cap1 secured

imo, just close it

it doesn't serve a purpose, it's never going to be useful or unbucketed and you don't need it anymore plus what would you do with a free $1300? 

Starting FICO 8:

Current FICO 8:

3/6, 5/12, 14/24

Message 2 of 7
Yasselife
Valued Contributor

Re: Nearly 11 years - Cap1 secured

@Duncanrr It served its purpose, I would get my money back.






Message 3 of 7
Duncanrr
Valued Contributor

Re: Nearly 11 years - Cap1 secured

Annual fee is in June. Think I'll cancel in May. 



Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 808 TU --- EX --- CK 804(FAKO-EX 821, EQ 823, TU 803)
Goal Score: 750

Take the FICO Fitness Challenge
Message 4 of 7
JoeRockhead
Senior Contributor

Re: Nearly 11 years - Cap1 secured

They're just ensuring you have sufficient experience at your current limit Smiley Very Happy Totally absurd! My condolences.

Message 5 of 7
OmarGB9
Community Leader
Super Contributor

Re: Nearly 11 years - Cap1 secured

I'd say close it as well, but lately people with years-old secured cards have all of a sudden been getting unsecured, so maybe hold on a bit longer?


Last App: 1/10/2023
Penfed Gold Visa Card

Currently rebuilding as of 04/11/2019.

Starting FICO 8 Scores:




Current FICO 8 scores:


Message 6 of 7
OmarGB9
Community Leader
Super Contributor

Re: Nearly 11 years - Cap1 secured

I'd say close it as well, but lately people with years-old secured cards have all of a sudden been getting unsecured, so maybe hold on a bit longer?


Last App: 1/10/2023
Penfed Gold Visa Card

Currently rebuilding as of 04/11/2019.

Starting FICO 8 Scores:




Current FICO 8 scores:


Message 7 of 7
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