I have decided to keep my Capital One account open for now. I will keep it in the sock drawer collecting lint. I am only keeping it to help me with the age of accounts on my report (Thanks, Saar). It is the second oldest open tradeline besides Kohl's (which does not report to Experian). As I stated before, I was pretty disgusted with my last increase ($200). My increase 6 mnths ago was much more. Mr. Cooke could not give me a larger increase. Anyway, I was so mad, I transferred my balance to my Citi account (with the intent to close Cap One). It was 0% with fee free BT's. I checked my Equifax report this evening and noticed that Capital One did an Account Review on the day of transfer. Is this normal when a balance transfer takes place? I have never noticed it before when I have transferred balances. Normally Cap One does AR's around the 25th of each month. There was an additional one on the day my balance transfer credit posted to Cap one. I know there must be a ton of notes on my account about how I am unhappy with my subprime account. They either did the AR out of curiosity or maybe they are keeping a closer eye on their subprime accounts? Probably the latter. I don't think they give a care that I wanted a higher limit increase or an upgrade to the "No Hassles" card. I think everyone should keep a close eye on your reports and make sure all payments to all creditors are never late. Cap One is peeking too much. I don't know. Too many weird changes with them lately. LOL
Hey Miles, I didn't know you broke down and got a citi card.LOL So did I. Against everything we previously swore. haha. Anyway, I think the AR is just a fluke that it happened on the day you BT'd. I did a BT from Cap1 to my Amex card about 3 months ago and they didn't do an AR til the next month. BTW, did you ever come across your offer for ELITE? I called Equfax to get phone #'s for them and the #'s the gave me were disconnected.
Hi LKH, Yeah I couldn't resist the 0% offer from Citi. I was on a mission to never give Citi even 1 of my dimes. We were giving them h*ll for a SHORT period of time, weren't we? ;-) Oh well, I guess I'm a whimp. LOL The funny thing is I received so many pre-approved offers from them after they declined me my head was spinning. I never could find that Elite offer. I guess I must have shredded it. I was looking for it again last night after seeing it on my Equifax inquiries list. Sorry. If Equifax gave you the correct # and it is disconnected, it's probably good we aren't doing business with this company. LOL Have a good day!!
That's interesting. I have had my account since 1998. Never late, never overlimit, account was never secured. Yet, they do A/R reviews every month like clockwork. What's up with that?
LOL. You are probably right, George. Don't they understand that I don't NEED the account? If they "jacked" me, I would close it in a heartbeat. They should be able to see all of my prime accounts with high limits and low utilization. You would think they would try and change me to their prime product. Unbelievable.
When I got "JACKED" (1 OF 3 ACCOUNTS) by FIRST USA...I "JACKED" THEM BACK...we closed all $72,000+ (3 accounts)... What is FUNNY about the "JACKING"...is that the H/H INCOME is like 2-3 times higher than when the accounts were opened...and STILL 24+ YEARS OF NO "BADDIES"... WHAT IS REALLY SAD...THEY DIDN'T EVEN TRY TO KEEP THE 3 ACCOUNTS...OR TRANSFER THE CALL TO MANAGEMENT OR RETENTION!!!
AR is done mainly for promotional purposes. Since Capital doesn't solicit like some other credit card companies for additional products, different departments review your credit reports to see if you qualify for these products and/or increases to your credit line. As long as you pay your bills on time there is nothing to be paranoid about. I guess they could be like Providian and call you all the time, or anytime you talk to a service rep you can not get them off of the phone because they are always trying to sell you something.
