cc question
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cc question
| Wed, 11-03-2004 - 1:36pm |
I applied for a capitol one cc last week cause I heard good things about them and I wanted to transfer the balance from my mastercard to the capitol one and close the mastercard acount. Well, I checked the limit they approved me for and it is nowhere near what I figured I would get and not near enough so I can transfer the balance. They have the same interest rate but the only diff would be I have an annual fee on my mastercard which I really need to see if they will take off. I've had the mastercard like 7 years, was a teen when I got it. I don't even want the capitol one card now since I didn't get the limit I was expecting. Would they still transfer part of the balance since there isn't enough limit to take the entire balance? Or will they refuse the balance since it's higher? And since I don't want it, I see no reason to keep it open, so would it affect my credit in anyway if I just close the account before I ever even start using it? I should be getting something in the mail here in a few days cause I applied online and checked my credit limit that was approved.

If they don't increase the credit limit, transfer what you can anyway. Make sure there is no transaction fee.
Perhaps other posters could help answer your concerns better.
MYM