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  1. #1
    JP Guest

    Combining Capital One Accounts

    I'm curious here. Will Cap One actually combine the balances of 2 or more cards into one card? If so, does the credit limit also change to match the combined credit limits of the cards involved.

    I ask because this is a move most companies won't make because they lose the annual fee on the additional accounts.

    JP

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  3. #2
    GEORGE is offline Senior Member
    Join Date
    Mar 2000
    Posts
    20,468

    RE: Combining Capital One Acco

    WHAT ANNUAL FEE???

    I had three credit card accounts with one credit card company...they kept one open, closed the other two. Then said you have one account with the credit line of all three in one. THEN HE SAID "THE CREDIT LINE IS TOO LOW...IN ABOUT ONE MINUTE IT WILL BE $5,000 MORE"!!!

  4. #3
    JP Guest

    RE: Combining Capital One Acco

    When I said annual fee, I meant for Cap One. Depending upon the accounts you have with Cap One, there may be a $29.00 Annual Fee associated with each account.

  5. #4
    GEORGE is offline Senior Member
    Join Date
    Mar 2000
    Posts
    20,468

    RE: Combining Capital One Acco

    SORRY, I don't do annual fee cards.

  6. #5
    JP Guest

    RE: Combining Capital One Acco

    Well I don't either, but since I saw in another post that Cap One was combining accounts, I was real curious about it, because again, from a business perspective they would be losing out on the deal.

  7. #6
    GEORGE is offline Senior Member
    Join Date
    Mar 2000
    Posts
    20,468

    RE: Combining Capital One Acco

    If you close the account with-out combining the accounts...they would lose the annual fee, right?
    So it is to their benefit to combine them even if it costs them an annual fee.

  8. #7
    Momof3 is offline Senior Member
    Join Date
    Mar 2000
    Posts
    3,244

    RE: Combining Capital One Acco

    Not sure about Cap 1 JP, but Citibank is letting people combine silver and gold and combining both limits and I believe just one fee

  9. #8
    Doris K. is offline Senior Member
    Join Date
    Mar 2000
    Posts
    478

    RE: Combining Capital One Acco

    I saw it mentioned in another post regarding Capital One, and I had the same question as JP. I inferred from the post that you can combine the accounts if they have been open for six months.

    My daughter has two accounts with Capital One and two accounts with Orchard Bank. It would be great if she could combine these accounts into one each. She has too damned many credit cards.

  10. #9
    creditwork is offline Senior Member
    Join Date
    Mar 2000
    Posts
    1,396

    RE: Combining Capital One Acco

    I love managing credit. I have 4 accounts with Chase, they don't charge me a fee. I have a Cap one account and they charge me no fee. I just closed a Cap 1 business account because their limit of $1500 did not warrant a $59 annual fee.
    Combining accounts is a matter of convenience for both the issuer and the holder. In most cases, there are no account fees involved. I would think this could be done.

    http://www.creditsense.com

  11. #10
    roni is offline Senior Member
    Join Date
    Aug 2000
    Posts
    3,497

    RE: Combining Capital One Acco

    Capital one will combine accounts which have been opened for 6 months. However, they do not like to do this because like you said, they lose the annual fees. So when trying this you may have to insist. Hope this helps.

    roni

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