Capital One - 2nd Card

[Deleted User]

£200 is a bit pants... if they don't increase it, request one after 6 months. If they still say no, try to consolidate them so you move the £200 onto the big limit card. Pointless having one that small long term, unless there is cash back/insurance etc, but I think they've axed everything now??

If both cards are just bog standard cards, transfer to whichever one has the lowest APR once your new one has been open 6m - just in case you ever incur interest

A4445

I have been able to consolidate the High APR card into the lower APR card, all done via secure message. The consolidation will take place within 2 working days. So I've had 3 cards in total consolidated into one over the last year to give a total limit of £5750 @ 19.9%. This limit is more than enough for my needs, won't be applying for any more Capital One cards.

owlet

Very interesting thread thank you. I have a cap1 card at high 30s% & just been accepted for the platinum at 29.something %.
I was wondering if I could merge the two to the lower interest card. The lower interest one (new) only has a credit limit of £250. The other card is better at £750
Do they add both credit limits together too?

A4445

Yes just call them or send a secure message. Tell them you wish to keep the card with the lower APR and consolidate the credit limits.:):)

m4rc

A4445 wrote: »

I have been able to consolidate the High APR card into the lower APR card, all done via secure message. The consolidation will take place within 2 working days. So I've had 3 cards in total consolidated into one over the last year to give a total limit of £5750 @ 19.9%. This limit is more than enough for my needs, won't be applying for any more Capital One cards.

So how long has the newest card been open? I thought you only took it out last month! I'm sure when I called they said the card moving to had to be 6 months old. Mine still haven't consolidated, happens next weekend apparently.

Can you paste the text you put into the secure message by any chance?

m4rc

Oh and did you find out if you have to wait 4 months before you can apply again?

A4445

The newest card has been open a month and the old card has been open for a year. If I wanted to open another card I'd have to wait till the 4 month mark. if I wanted to keep the older card I'd be able to apply for another card a few days after the account closed.

I just asked if I could keep the new card and the said no problem and let them know if I wanted to go ahead.

m4rc

Great thanks for the updates. I'll have a go at opening a new account next week, see if they let me!

A4445

Consolidation went ahead, the high APR card is now closed. The lower APR card now has the £5750 limit. They did say it would take 2 working days to complete but It took 3 days.

owlet

I sent a secure message but couldn't make head nor tail of the reply so I'm going to phone tomorrow. The only thing I did understand was that it said both accounts have a balance. The new one certainly doesn't (or shouldn't have) as I've only just got the card.
I'll phone tomorrow, it will be easier!!