What are you doing with your Capital One card ?

r2015

Keep the card but use it much less.

zerog wrote: »

The 0% forex fees on purchases that I have on my card, with 0.5% cashback + £10 per year which so far appears to be staying put.

My card has a Non Sterling transaction fee: 2.75% and my £10 and cashback are going

derelyth

Keep the card not use it, but keep it for the extras e.g. Credit monitoring

Keeping the card unused for now, as a backup, but the Credit Reports/ID monitoring is also handy. I've replaced it with a Barclaycard Freedom.

Clive_Woody

Keep the card not use it, but keep it for the extras e.g. Credit monitoring

My Amex Platinum card just arrived and that's giving me 1.25% cashback, I've got a Halifax Clarity for travels abroad and I will hang on to my Cap 1 for the credit monitoring but the card's not going to get a lot of use from end of May. Shame as Cap 1 have given me a lot of money over the years.

lisyloo

Put it through the shredder, they can have it back! Account CLOSED!

Getting rid of mine.
Fed up of their constant fraud checks.
If it was necessary then it would be justified but no other card company does this in my experience so I don't feel it is justified.

SamDude

Put it through the shredder, they can have it back! Account CLOSED!

Going to free up two spaces in my wallet (my Luma card and my supplimentary Luma card from Mrs Sam's account).

Nick_C

Keep the card but use it much less.

I'm certainly keeping mine. My cashback rate has been cut to 0.25%, which is not great but its better than nothing.

I have Santander 123 and Halifax Rewards. I have an M&S card which I stopped using a while ago, but which I will start using again in June to replace Cap 1.

However, I am expecting M&S will drop their cashback as well. They can't afford to give you 0.5% cashback if they are only getting 0.6% handling charge on transactions.

I do think people have been unfairly critical of Cap 1. It was good while it lasted. I've received £480 from them over the last four years, and I think in a year's time 0.25% cashback may well be looking generous. If you want to blame someone, blame the EU, not Cap 1.

Fingerbobs

Put it through the shredder, they can have it back! Account CLOSED!

I voted "put it through the shredder" but in actual fact I will add it to my pile of cancelled credit cards

My spending will switch to Halifax Reward Clarity up to £300, then Barclaycard Amex/Visa (1%/0.5%) for remainder, while those rates last, then who knows.

NoviceAngel

Keep the card not use it, but keep it for the extras e.g. Credit monitoring

Clive_Woody wrote: »

My Amex Platinum card just arrived and that's giving me 1.25% cashback, ..........

But quite a large annual fee of £25 I believe. Great if your a big spender.

lisyloo

Put it through the shredder, they can have it back! Account CLOSED!

I'm not blaming cap one, just doing the best for myself.

NoviceAngel

Keep the card not use it, but keep it for the extras e.g. Credit monitoring

lisyloo wrote: »

Getting rid of mine.
Fed up of their constant fraud checks.
If it was necessary then it would be justified but no other card company does this in my experience so I don't feel it is justified.

That's a good point, quite a few times they have blocked my genuine transactions, and I've no idea why, they just seem to do this randomly for no apparent reason.

I recall my card was blocked one day, transactions were failing, I gave them a call confirmed no fraud on the account, transactions were released, the following day, you wouldn't believe it but they were blocking transactions again, I was at a petrol station, and had to phone them, extremely embarrassing, they though a transaction on Amazon didn't seem right, no idea why, but account was released and they gave me £10 credit for the inconvenience.