topic Re: I Went Against What Everyone Has Suggested... in Credit Cards

I Went Against What Everyone Has Suggested...

TheCynicalOne — Sun, 11 Nov 2007 02:28:42 GMT

And I applied for and got a CrapOne card. They gave me the lowest limit I have EVER received. $300. That is incredibly stingy. I'm reading posts from months ago about them not reporting your limit to the CRAs. Is this still the case? Do I have to let a large balance get reported and then make a payment - then start getting my low balance utilization reported? If this is still the case, then I'm going to just not even bother with them.

Re: I Went Against What Everyone Has Suggested...

kclb — Sun, 11 Nov 2007 02:30:08 GMT

TheCynicalOne wrote:
And I applied for and got a CrapOne card. They gave me the lowest limit I have EVER received. $300. That is incredibly stingy. I'm reading posts from months ago about them not reporting your limit to the CRAs. Is this still the case? Do I have to let a large balance get reported and then make a payment - then start getting my low balance utilization reported? If this is still the case, then I'm going to just not even bother with them.

CrapOne. I love that name. hahahahah. Anyway, I had them as my VERY FIRST cc. It was ok, but I hate them with a passion now. :)

Re: I Went Against What Everyone Has Suggested...

Badcreditguy — Sun, 11 Nov 2007 02:30:22 GMT

they are reporting credit limits now. Also wait a couple months, after ontime payments call the backdoor number and request a cli.

Re: I Went Against What Everyone Has Suggested...

TheCynicalOne — Sun, 11 Nov 2007 02:32:42 GMT

I called them five minutes after opening the envelope and the automated system said I wasn't eligible for loc increases, so I'll do what you suggest and wait a few months. When did they start reporting limits? I'm so slow on the uptake.

Re: I Went Against What Everyone Has Suggested...

chiwiseguy — Sun, 11 Nov 2007 02:38:25 GMT

Oh there arent that bad! Give it time they will move up your cl and then you can start asking for cli's 6 months. The cs is great!

Re: I Went Against What Everyone Has Suggested...

SonorityGenius — Sun, 11 Nov 2007 03:09:49 GMT

Ewwwww $300

I would chop that card b4 I even read $300 lmao

Re: I Went Against What Everyone Has Suggested...

Doodah — Sun, 11 Nov 2007 04:05:16 GMT

Other than have the lowest CL of any card I possess, they are the only company I know who reward excellent customers with 1.99% lifetime balance transfers. BTW, Barclay's (Juniper) is send out 7.99% lifetime offers to qualifying customers.

Re: I Went Against What Everyone Has Suggested...

Sylviatob — Sun, 11 Nov 2007 05:06:52 GMT

Cynic, they started reporting limits back in September.

Re: I Went Against What Everyone Has Suggested...

SmartCookie — Sun, 11 Nov 2007 06:25:06 GMT

TheCynicalOne wrote:
And I applied for and got a CrapOne card. They gave me the lowest limit I have EVER received. $300. That is incredibly stingy. I'm reading posts from months ago about them not reporting your limit to the CRAs. Is this still the case? Do I have to let a large balance get reported and then make a payment - then start getting my low balance utilization reported? If this is still the case, then I'm going to just not even bother with them.

By your third bill you should have a $500 limit and by the 11th month a 2k one automatically. Keep it clean and they will waive the AF if you ask next year. Open another card (no fee preferable) a little down the line, let the CL 'step' up, and you can have the new CLs combined.

Don't be hatin' on my Cap1! Seriously, they have come a looooong way in the past year. They report fast and to all 3... and as you read they do report your CL.

Just don't ever screw up with them.... they are still the same in the lack of GW.

Re: I Went Against What Everyone Has Suggested...

PenguinGeek — Sun, 11 Nov 2007 11:36:19 GMT

If you ever travel internationally, take your CapOne, they have the lowest FOREX fees ( 1%). Chase, Citi and Juniper/Barclays are 3% (at least according to my T&C on those cards).

Re: I Went Against What Everyone Has Suggested...

rudy — Sun, 11 Nov 2007 13:00:01 GMT

i started the same with them. i think about 500.00 cl. I opened 2 or 3 cl with them. closed all but 2. this year combined the two 81k. waited call the number and got 13,5k. Also opened biz card at 1k called the number got 3k.

during this time got intrest rate reduction, and some other stuff. intrest rate can not go any lower.

this is one of my oldest cl.

if i may assume they are one of the better ccc's to use when rebuilding or building credit

Re: I Went Against What Everyone Has Suggested...

Brammy — Sun, 11 Nov 2007 13:33:38 GMT

If you keep the card, call and speak with a rep about a CLI. The sutomated will rpobably never give you one. Use hte backdoor number as suggested here. I call at every opp...lol. It was my loset limit card but has since been increased 4 times I thinkk I will have had it for a year in Dec.

Re: I Went Against What Everyone Has Suggested...

netpanther — Sun, 11 Nov 2007 15:57:58 GMT

Don't be so hard on yourself. We all had to rebuild (well, those of us who had to rebuild) from somewhere. I made a bad mistake after I was already getting good credit- I got so greedy as the promos were flooding my mailbox- 3 and 4 a day, I apped for an HSBC w/o reading fine print- it had an AF!!! I never had to have an AF card! So I was stuck w/ it. Long story anyway, refused to activate it and they hounded me by phone for weeks.

So anyway, it is just part of the learning lesson. And as the others say, it is not a bad one. Just manage it like it needs to be managed.

Re: I Went Against What Everyone Has Suggested...

netpanther — Sun, 11 Nov 2007 15:59:39 GMT

And if you manage it well, looks like you can get pretty decent CLI's in a short amount of time.