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jcarte29
Centurion Member
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Posts: 183
Joined: Fri Jan 30, 2015 1:29 pm
Location: Charlotte, NC

Postby jcarte29 » Wed Apr 15, 2015 4:25 pm

JamesMS wrote:Congrats on the Marriot Card. I do agree with Amex007 to a point. It will have to be a personal preference for you on what you decide to do. Yes, Capital One can be stingy on CLI's, but that is somewhat to be expected with them (they give credit cards to almost everyone). Do you care about your AAOA, will it even make a difference? Based on what I can tell from the accounts that you have, you are not really limited on lines of credit, but I could be wrong. Will it hurt your utilization? There are many factors to consider when deciding to cancel a card or not. Me personally, I don't believe that the AF is a lot, correct? That being said, it is possible that you can get it waived. Also, you can try back every couple of months to try to do a product change.

I have cancelled cards myself, but it was because of the card/limit/af associated with them. I had to rebuild my credit about 10 years ago and had a few cards that were just useless altogether. I decided to keep my Capital One accounts (as I now have 4), because I had a couple of cards that Capital One bought from another bank.

Whatever you decide to do should be based on all factors, not just because they turned you down for something. If you do that based on a feeling at a specific moment, you could regret it later. If you do decide to keep it and really want the other card, you could apply for it, and if approved, ask capital one to roll your limit over.


All excellent points, I couldn't agree more. I will more than likely keep it open and like you said, at least get the AF waived when it's due. I think it was just the past couple months I successfully got Barclay and (funny enough) Cap One (the GM side of it -BuyPower card) to recon and grant CLIs I had been seeking on those respective cards, so maybe today I thought I could go for the hat trick and bat 3 for 3 LOL.
Portfolio:
CITI Diamond Preferred $7,000 [06-16]
AMEX Platinum (Charge) [11-16]
AMEX EDay $12,000 [11-14]
Lowes Store $15,000 [4-14]
CSP VISA $6,000 [7-14]
GM MC $9,000 [9-14]
AAdvantage Red MC $10,350 [10-14]
Discover IT $4,500 [03-15]
Chase Marriott VISA $5,000 [04-15]
Cap One Quick $2,600[4-10]


popamode72
Centurion Member
Centurion Member
 
Posts: 1099
Joined: Sun May 04, 2014 4:41 pm
Location: Atlanta, GA

Postby popamode72 » Wed Apr 15, 2015 4:25 pm

JamesMS wrote:Congrats on the Marriot Card. I do agree with Amex007 to a point. It will have to be a personal preference for you on what you decide to do. Yes, Capital One can be stingy on CLI's, but that is somewhat to be expected with them (they give credit cards to almost everyone). Do you care about your AAOA, will it even make a difference? Based on what I can tell from the accounts that you have, you are not really limited on lines of credit, but I could be wrong. Will it hurt your utilization? There are many factors to consider when deciding to cancel a card or not. Me personally, I don't believe that the AF is a lot, correct? That being said, it is possible that you can get it waived. Also, you can try back every couple of months to try to do a product change.

I have cancelled cards myself, but it was because of the card/limit/af associated with them. I had to rebuild my credit about 10 years ago and had a few cards that were just useless altogether. I decided to keep my Capital One accounts (as I now have 4), because I had a couple of cards that Capital One bought from another bank.

Whatever you decide to do should be based on all factors, not just because they turned you down for something. If you do that based on a feeling at a specific moment, you could regret it later. If you do decide to keep it and really want the other card, you could apply for it, and if approved, ask capital one to roll your limit over.


Unfortunately, CapOne normally doesn't really do credit line consolidations. The executive office might though.
Macy's TLs (21k), Lowes (17k), CSP (10k), Sam's Club (10k), Nordstrom (5k), AARP (4.2k), Freedom (3k), Discover (1.5k), Quicksilver (2k), BoA (3k), Barclaycard Arrival (2.5k), Amazon Store (6k), Paypal (4.9k), Sam's Club MC (3.6k), Walmart MC (1.2k)

JamesMS
Centurion Member
Centurion Member
 
Posts: 151
Joined: Mon Apr 13, 2015 6:17 pm
Location: Fort Worth, TX

Postby JamesMS » Wed Apr 15, 2015 4:27 pm

You could be correct, I know other banks do them. I've never tried with Cap 1.
Main Cards:
Amex BCE
Amex Everyday
Bank of America Cash Rewards
Chase Freedom
Capital One Quicksilver
Citi Thank You Preferred

Spark Cash Back (Business), Amex Plum (Business)



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