Capital One Quicksilver Cash Rewards Credit Card: Earn $200 Cash Bonus with Expired

Kman, I also have a 20 year old credit card that I'm paying an annual $60 fee to use (Chase United Airlines). I'm in the same quandary as you: Keep on paying the annual fee for the good credit history or chuck the card because the benefits simply don't justify the annual fee?

• Ten years ago, with a library of credit cards with relative young histories, I felt it was worth the $60 to keep the Chase card.
• Now, with a more moderately aged credit card history (I've rotated cards in an out, but at least some of the older cards have aged), the equation has changed. Moreover, I don't travel nearly as much as I used to, making the United points less useful to me. Lastly, even after retiring the Chase credit card, it will remain in my credit history 10 years. So, by the time it is actually dropped from my history, my other credit cards would be 10 years older.
• At this point, it's probably something like a 50-50 proposition for me.

For you trying to decide whether to keep your old card, I'd suggest considering the impact 10 years from now (when the credit card drops off your credit history).

EDIT: I just submitted a request to terminate my Chase United Mileage Plus VISA card. The point that tipped the equation in favor of closure was Chase's attitude toward fixing their online accounting practices. See attached letter. Chase still has not fixed this problem, nor acknowledged that the problem exists.

The problem is this: After Chase's system processes the items on their Pending list, it removes such records from the Pending list, adds them to the account total, BUT POSTS THE ACTIVITIES AT SOME LATER TIME. Sometimes, they don't update the account activities until hours later. That means the online bank sheets don't balance during the interim. To me, it is insane that they have been able to get away with this for years.

I'm going to apply for one of their no annual fee cards. If approved, I'll drop the $5/mo fee card and risk whatever adverse effect it has on my credit. I'm not looking to buy a car or house any time soon so it doesn't matter enough to me to be worth the $60 a year for a card I no longer use because it offers no advantages over other cards, and lacks many of their benefits. Plus, it's the principle of refusing to play that game and pay their ransom to maintain my credit.

If I'm not approved for the new card, I'll have to think about it but I'll probably drop it anyway, but first call CS to see what they can do to keep me. My guess is that they'll either drop the fee or offer me a less desirable alternative card with no fee. Either way, I think it's stupid to keep paying this fee for nothing in return that I really need or am likely to any time soon. Life is too short to live it around these financial games. When it's my time, I'm not going to be thinking "I just wish I'd kept that card so I can die happy!".

I bet a lot of people are rethinking their credit these days after receiving that pandemic windfall. Not everyone really needed it and not everyone who got it went out and spent it all, whether they needed to or just felt like it. I've been using it to pay down my credit card debt, some recent, some older. So I might as well use my improved credit score to snag some better cards. No guarantee that I'll be approved for any but it's worth a shot. But banks have made enough money off of me and my sometimes less than smart buying choices. Let them try and scare me with implied threats of adverse credit score impact. Won't sway me.

Btw, to this day I can't figure out how banks reconcile their books every night, and why it still often takes days to clear some purchases. It should take no more than a few seconds, overnight at most. How long does it take for them to verify that yes, I did buy a Whopper with fries and paid for it with my card? It's not exactly rocket science. Probably don't want to spend money on the necessary software upgrades, or maybe they'd need for out of date laws to be changed to be able to do this.

A review of my list of credit cards shows that I don't currently have a Capital One account, which sort of surprised me. Then I remembered, the last one that I applied for they rejected me because my credit history was TOO GOOD. They don't like people that pay off their card balances every month. I've seen similar comments from other people that have been rejected.

If you've got a credit score of more than 800, good luck on getting your application approved.

How is one credit pull worth >$200? Lol.

I have 805 fico and they decline my Application for Venture credit card and wasted 1 credit check. I won't be applying any Capital one credit card anytime soon.

Same. I am fighting the check. They solicited me on my Capitol one account page. I have a account for years. Said i was pre approved. There wasnt a disclaimer saying a hard inquiry.

I have 805 fico and they decline my Application for Venture credit card and wasted 1 credit check. I won't be applying any Capital one credit card anytime soon.

Not recommended to sign up for a credit to get $200 bonus and then be 20k in debt and destroy your credit, not a good deal

lol wait what? This is like using a coupon for $200 off $500 purchase. If you are really not capable of restraining yourself from buying things without having money then you should consider getting some therapy. I know a person who cannot stop herself from wasting all of her money within a few day although she does live with her parents. She spent her stimulus checks the day she got them on things that were not essential and still has that problem with saving money for more than a few days. She is getting therapy for it now but it's been a few months since she started but it's a problem she needs to fix asap.She is already a stressful person and most of it has to do with money and working because she has no money because it all gets spent the same day.

I have one already. Can I apply for second card