Author Topic: Capital One Venture - Need to close account  (Read 324 times)

Offline lafindumonde

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Capital One Venture - Need to close account
« on: March 20, 2021, 11:10:20 PM »
I got this card when it was first introduced with the 100k offer.  Each renewal without any resistance, they would agree to credit the $59 annual fee.  My annual fee billed this week and I was shocked to be told they will not refund the fee this year.   I have approximately 15k points which I need to transfer somewhere before I close the account.  What is the best use of these points?  Thanks.

Offline Joel

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Re: Capital One Venture - Need to close account
« Reply #1 on: March 20, 2021, 11:35:51 PM »
You can downgrade to the no fee version

Offline lafindumonde

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Re: Capital One Venture - Need to close account
« Reply #2 on: April 07, 2021, 11:05:29 AM »
You can downgrade to the no fee version

They told me if I product change to the no fee Venture One card, I still have to pay the annual fee this year.  I've never heard of such a thing.

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Re: Capital One Venture - Need to close account
« Reply #3 on: April 07, 2021, 12:26:39 PM »
They told me if I product change to the no fee Venture One card, I still have to pay the annual fee this year.  I've never heard of such a thing.
DROPR
HUCA
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Offline Aron27

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Re: Capital One Venture - Need to close account
« Reply #4 on: April 09, 2021, 03:20:07 AM »
They told me if I product change to the no fee Venture One card, I still have to pay the annual fee this year.  I've never heard of such a thing.
Annoying as it is that is there policy.

Offline Samb

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Re: Capital One Venture - Need to close account
« Reply #5 on: April 09, 2021, 03:41:27 PM »
Annoying as it is that is there policy.
+1

Offline lafindumonde

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Re: Capital One Venture - Need to close account
« Reply #6 on: Yesterday at 09:22:12 AM »
Annoying as it is that is there policy.
I HUCA and indeed that is their policy.  Totally bizarre.  If you are forced to pay the fee then why bother product changing to the "NO FEE" card?

Offline lafindumonde

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Re: Capital One Venture - Need to close account
« Reply #7 on: Yesterday at 09:31:14 AM »
I HUCA and indeed that is their policy.  Totally bizarre.  If you are forced to pay the fee then why bother product changing to the "NO FEE" card?
In order to get my points out before closing the account, I bought a refundable plane ticket, redeemed the points against the charge and then closed the account.