Quick advice on card merge

AndyPix

Hi All ,

I have 2 cards with capital one, both have the same APR, and none have any benefits etc ..

One has a £200 limit and one has £450 ..

I have had them for over a year and have run them impeccably.
I have other cards now, with much bigger limits and I don't need the one with £200 limit at all.

Capital one have offered to merge the 2 cards into one - combining the balance and the limits.

I cant get my brain round if it would be the same or not ..
Can anyone see any down side of doing it ?

Im not looking for advice on carrying balance ro how to use the cards etc, just simply if I were to use the credit available, would it be any different cost wise if it were spread over two cards, or on one card that was a merge of the two !!

Many thanks in advance :beer:

grumbler

If the APRs are the same there will be no any difference.

redux

The only difference might be that if at the moment you ever find yourself one month in a position to pay off one card in full and the other only partly, that option would disappear.

If you always pay the balance in full, or always pay just part, it makes no difference to you. However, if the latter, consider staying as you are with 2 cards and paying one in full, perhaps alternating them monthly.

[Deleted User]

But that said, if it's two Capital One cards with low limits like that, I'd guess the APRs are quite high. If the OP was carrying balances on one or both, the question of seeking out cheaper debt needs to be looked at too.