Capital One - 2nd Card

[Deleted User] · 7 October 2016 at 6:14PM

£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 · 9 October 2016 at 10:36AM

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 · 9 October 2016 at 5:39PM

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 · 9 October 2016 at 8:46PM

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 · 9 October 2016 at 9:05PM

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 · 9 October 2016 at 9:05PM

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

A4445 · 9 October 2016 at 9:12PM

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 · 9 October 2016 at 11:48PM

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

A4445 · 12 October 2016 at 10:22PM

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 · 12 October 2016 at 11:54PM

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!!

Capital One - 2nd Card

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