Author Topic: Capital One Venture downgrade denied!  (Read 927 times)

Offline Woofwoof

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Capital One Venture downgrade denied!
« on: June 03, 2023, 06:20:26 PM »
Hello folks:

I have owned Capital One Venture for one year, got my sign up bonus, and now want to downgrade to a no-fee card. So, I called and asked for it...the agent said this option was not available. Does any of you have the same experience? If so, how did you get around this initial rejection?

Thanks a million!

Offline Mf1

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Offline Gvann

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Re: Capital One Venture downgrade denied!
« Reply #2 on: June 04, 2023, 10:41:06 AM »
Did you HUCA?

Offline yochai

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Re: Capital One Venture downgrade denied!
« Reply #3 on: June 04, 2023, 11:52:59 AM »
Hello folks:

I have owned Capital One Venture for one year, got my sign up bonus, and now want to downgrade to a no-fee card. So, I called and asked for it...the agent said this option was not available. Does any of you have the same experience? If so, how did you get around this initial rejection?

Thanks a million!
My experience with Cap1 is that they donít offer a downgrade option till after the 2nd AF posts. At that point they wonít reimburse the AF for downgrading, so you may as well keep it for another yearÖ
If you cancel you also wonít get the fee reimbursed, so choices are: cancel before AF posts, or keep for 2 years before downgrading.

Offline Danfan24

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Re: Capital One Venture downgrade denied!
« Reply #4 on: June 06, 2023, 02:01:19 PM »
Had the exact same thing.... The Pakistani on the other end of the line told me to call back once the AF has posted, so we can see if they have more options.

Just wondering how bad it is for my credit score if I close the card now?