Thread: Cancel Capital One credit card account or not?

IMO, the only reason to have any CapOne card is to avoid the foreign transaction fees almost all other (except premium travel) cards charge. That's why I have a CO rewards card.

A few years ago I did a BT to a new CO platinum card and subsequently paid it off without incident. That card had a $20k limit. I repeatedly asked them to stop mailing me convenience checks and other junk mail but they wouldn't do it. So I canceled that card.

Then to get some freebie I applied for and got a Sony Rewards card from CapOne. The limit was something less than $10k, I forget. I got the prize and closed the account.

Then I thought that maybe I should have just one plain CapOne rewards card for the reason stated above (no foreign transaction fee). I applied for and got a No Hassle Rewards MasterCard with a paltry $7k limit or thereabouts. I've never used the card. Recently I called and asked them to increase the limit (my lines with other creditors range from $10-40k and all of my credit reports are spotless, so it doesn't seem like an unreasonable request). They actually hung up on me and sent a letter a few weeks later saying that I was denied. The only positive from the experience was they disclosed my credit score from the hard pull they did and it was 790-something, which was a bit higher than I thought it was.

Now I'm just a bit sorry I ever heard of CapOne. I should have just been willing to pay the extra 2-3% if I ever go to Europe again, whatever.