Hello. I have 4 Cap One cards. I recently made a very large leap from building cards to prime cards. I have a new Venture card with a 5K limit and 3 lower-tier CapOne cards from my early days. Their annual fees are not really in line with their credit limits for me anymore. They are:
1. $750 Limit - $39 AF
2. $750 Limit - $19 AF
3. $300 Limit - $60 AF (!!!)
Concerning that last one, I chatted with a CapOne rep who said they could not waive the annual fee. I asked about a soft pull increase request. He directed me to their website and assured me their increases are not hard pulls. So I did that to see if I could get an increase that made the AF make more sense for me. They offered a whopping $500 increase.
So the line would be $800 with the $60 annual fee. Still really awful so I decline the increase with the intention of probably closing that account.
My recent cards are Citi AAdvantage, AMEX Blue, Discover, CSP, Barcaly's Arrival, Venture, DCU & Wells Fargo. Total new credit lines = $45,000K.
I'm assuming it makes sense to cancel this stupid $300 CapOne and perhaps the others?
(BTW - also definitely going away is my Credit One with it's $96 AF on a $1200 line). Tired of paying and babysitting piddling $5 and $8 a month fees.)
Any insight would be appreciated. Thanks.