Please give me advice

Discussion in 'Credit Talk' started by NanaC, Aug 6, 2001.

  1. NanaC

    NanaC Well-Known Member

    What would you do??
    I received a Capital One Mastercard in the mail today with a whole $200 limit. They want $79 yearly fee plus $6 a month. I already have a capital one since December 2000 with $900 limit and a GetSmart with $500 (coming up on 4 months in Sept.) I have target at $200. So, how would you guys handle this one? If the limit was at least $500, I'd consider it..but for this amount, it seems stupid considering I have other options. By the way, perfect payments on all above. They checked this before Exp removed BK but now it is gone.

    Your thoughts? Thanks
  2. Momof3

    Momof3 Well-Known Member

    Nana, personally I would pass on this card. You are on your way up the ladder, don't bite for this one. Let your removal take effect and your mortgage start reporting, 200.00 and 79.00 taken off the bat at 6.00 a month and NO limit reporting, you are way better than that:)

    GEORGE Well-Known Member

    No STIKIN' fees
    $1,000 min
  4. NanaC

    NanaC Well-Known Member

    Yeah, that was my feeling...though I'll have an inquiry for this...I have not activated I just call and tell them no thanks?

  5. sam

    sam Well-Known Member

    man i thought the $29/fee was bad for my recent gold card. I told them to stick the $200 limit where the sun don't shine. She said how about $700 limit, we'll do that.

    You gotta be hard and serious about closing the card. They'll budge.
  6. NanaC

    NanaC Well-Known Member

    When I talk to them, do I just choose the cancellation option?
  7. the other

    the other Well-Known Member

    Maybe you could get them to add the 200 limit to your existing card and not open the new account. That would bring that one from 900 to 1100.

    But I certainly would not take that card. Your other two cards are better. Given time you will be able to do much better than your current cards. Don't accept anything that is not as good as what you already have.
  8. MikeB

    MikeB Banned

    Call CapOne and ask for Retention. Do not let the CS Reps convince you they can help you instead. Tell them what you think of the card. Tell them you are unhappy with the terms, and you are thinking of closing it. If they say "OK" without making a better offer, ask them to combine the $200 limit to one of your other cards. Then send a complaint to CapOne through and tell them what you think. If you make payments on time, I bet Mr. Miller will give you a better deal. Good Luck.
  9. NanaC

    NanaC Well-Known Member

    Thank you all! They cut the membership fee and raised to $500! :) That works for me!
  10. MikeB

    MikeB Banned

  11. Debmac

    Debmac Well-Known Member

    WaaaHOOo!! Great going!

    Gives me MUCH hope; I got instant approval online last month for Cap1 classic. The card came with $200 approval, but as I was finally cleaning out my car today, I came across the web page I printed out when I applied that stated "you will be initially considered for Visa Gold with $1000 min,..... if not approved for Visa Gold, you will be considered for a Classic with A MINIMUM OF $500..."

    I ran my butt back into the house and fired off a letter via PF to Cap 1....

    Will DEFINATELY post the results.

  12. GEORGE

    GEORGE Well-Known Member

    Back in the OLDEN' days (1980's)...PEOPLE WITH-OUT JOBS GOT $500!!!
  13. dlo64

    dlo64 Well-Known Member

    Nana-You go girl! Good for you. I am still waiting to hear about my application when I called last week to apply.
  14. bbauer

    bbauer Banned


    Do you have a paper shredder?
  15. NanaC

    NanaC Well-Known Member

    Actually, Bill, I do somewhere..but its packed, why??

    Thanks for all the congrats...You all keep us posted on your results!! Now I'm curious about everyone else!
  16. bbauer

    bbauer Banned


    Because with an offer like you got, I think it's high time you unpacked it and gave it some exercise. :)-)

  17. GEORGE

    GEORGE Well-Known Member

    ...ALSO BACK IN THE 80'S...
    ...GOLD WAS $5,000 MINIMUM!!!

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