Effects of combining Cap1 accts

[Caught750]

Hey guys just a question about combining Cap1 accounts. What type of impact will the loss of an account likely have scoring wise? I have 6 cards currently, 2 of them are Cap1. AAoA is solid but revolving history is young. I'd be moving the youngest to the oldest.

[UpperNwGuy]

The loss of the second account at Capital One should not hurt your score.

[DeeBee78]

Combining the youngest into the oldest will be no problem, as it won't lower your AAoA (only the weird and unused scoring models like VantageScore don't take closed accounts into AAoA consideration), and will eventually increase your AAoA when it falls off (if you still have the older one open). 

It won't affect your DTI ratio, since you're keeping the same amount of credit, but you could see a small FICO 08 score dip if it takes you over 50% of your cards reporting a balance. 

[Caught750]

Thanks for the input guys, nothing will change, just a closed account, one less card, and the limit doubling on the oldest. I only allow one card to report a balance so it'll still be 1/5 (4 credit 1 charge).

[Anonymous]

I have a Cap 1 card combination planned for this summer, but it'll be the other way around - I'll be moving the older card (a QS MC PC'ed from a Platinum which is pretty much stuck in the "starter" bucket) into the younger card (QS Visa Signature with $10K SL that I have good hopes for growing). Might ding the AAoA a bit since I'm fixing to close my Cap 1 secured too later this month.

[SouthJamaica]

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@Caught750wrote:
Hey guys just a question about combining Cap1 accounts. What type of impact will the loss of an account likely have scoring wise? I have 6 cards currently, 2 of them are Cap1. AAoA is solid but revolving history is young. I'd be moving the youngest to the oldest.

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No impact in terms of scoring.

But I don't advise doing it, because it seems that the accounts which receive "adverse action" from Capital One are always accounts which resulted from a combination.

[Caught750]

You believe that's something to worry about in combining two $750 cards?

[SouthJamaica]

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@Caught750wrote:
You believe that's something to worry about in combining two $750 cards?

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Probably not, but who knows with these people.

[Caught750]

In all honesty if they shut them down entirely I wouldn't be all that upset. They see about $30 and a pack of gum a month in spend. They were my first two cards (a plat pc to QS and a QS1) so I appreciate Cap1 for that but if they were to shut me out that's on them and I'd get over it pretty quickly. I have Disco, Amex, and PenFed. Once I hit a year of revolving history I want to get in with BoA and hope to see some Chase offers popping up in my banking account around then as well.

[DeeBee78]

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@SouthJamaicawrote:

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@Caught750wrote:
Hey guys just a question about combining Cap1 accounts. What type of impact will the loss of an account likely have scoring wise? I have 6 cards currently, 2 of them are Cap1. AAoA is solid but revolving history is young. I'd be moving the youngest to the oldest.

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No impact in terms of scoring.

But I don't advise doing it, because it seems that the accounts which receive "adverse action" from Capital One are always accounts which resulted from a combination.

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A lot of the adverse action reported on the forums were from people that combined their cards into one mega limit $30-$50K card, then never used more than a tiny bit of the credit limit. With Capital One's uptick in defaults, they logically decided to limit their potenital liability by reigning in these credit lines that weren't being used actively. I can't really fault them for doing what they did. 

$10K seems to be where they start scrutinizing your usage of your credit limits, based on several people being CLD'd to exactly that amount.