Closing Capital One

smj43

I have a Capital One Classic card with a £500 balance. I'm going to it off in full tomorrow and clear the interest on my next statement. I then plan on closing it since I am getting rid of my high interest cards. I was thinking I may be able to close this and in turn get a limit increase on my Capital One Progress.

Are they likely to consider this? Or would they just close the account?

stephane_2

Very unlikely....they'll just close the account

chanz4

Capital one dont really do anything for people

Maestro.

chanz4 wrote: »

Capital one dont really do anything for people

LOL, that's the impression I got; I'm actually quite glad they declined me when I applied for one ages ago.

So many people who have a progress card with a permanent, never budging limit of £200. What flipping use is that!?

Stereo

Maestro. wrote: »

LOL, that's the impression I got; I'm actually quite glad they declined me when I applied for one ages ago.

So many people who have a progress card with a permanent, never budging limit of £200. What flipping use is that!?

Granted, Capital One aren't the most pro-active when it comes to raising limits. However, the Progress is aimed at people who are looking to reduce their APR.

On a side note, I've noticed they now offer the Capital One Classic Extra card, aimed at people with average/good credit history and offering 0.5% cashback. Looks interesting for anybody who wants to earn rewards but doesn't have a "perfect" history.