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DansDeals Forum => Credit Cards => Topic started by: princea143 on November 02, 2013, 12:45:07 AM

Title: Is it worth it to consolidate Capital One CCs?
Post by: princea143 on November 02, 2013, 12:45:07 AM
So, I have had a Capital One CC since 2006 (my very first one as I was just starting to build my credit during college) $500 CL no rewards program and me as primary, then a Household Bank CC in 2007 $300 CL 3% cash back and me as primary, and finally a Capital One Platinum in 2012 $1,500 CL for my wife with me as AU, and her as primary.  With CO buying HBC out and converting all three into Quicksilvers w/ 1.5% cash back, is it wise for us to just consolidate all three CLs into the 2006 CC to keep the credit history and to make everything simpler since it is completely redundant?  How will this affect our reports and scores?  Any advice is appreciated. 
Title: Re: Is it worth it to consolidate Capital One CCs?
Post by: churnbabychurn on November 02, 2013, 08:30:48 PM
You don't want to utilize more than 50% of your CL so best to merge the lines.
Title: Re: Is it worth it to consolidate Capital One CCs?
Post by: Red on November 03, 2013, 05:00:34 AM
When I tried about a year ago I was told cap1 does not consolidate credit lines.
Title: Re: Is it worth it to consolidate Capital One CCs?
Post by: princea143 on November 03, 2013, 05:25:37 PM
When I tried about a year ago I was told cap1 does not consolidate credit lines.
Yes, I called them yesterday, and the rep said that Capital One does not consolidate.   :'(