topic Re: Dad got a Capital One CLI in Credit Cards

Dad got a Capital One CLI

Viper786 — Sun, 07 Oct 2012 09:33:15 GMT

So my dad got the Capital One cash rewards (that green card) about 3 or 4 months ago and his starting limit was $2000. He just got an auto CLI of $500 in his last statement.

This makes me angry considering I have had my capital one since 2005 and have never had a late payment on it but it's stuck at $500! Oh well, it has no annual fee and 10.9% APR so I'll leave it sock drawered.

Re: Dad got a Capital One CLI

Elcid89 — Sun, 07 Oct 2012 09:35:56 GMT

IIRC, their $300 / $500 starter cards never go above $500. You have to, again IIRC, close the card and apply for a new one. I don't have a card from them, so I could be wrong about that, but I seem to recall having heard that more than once on here.

Re: Dad got a Capital One CLI

Viper786 — Sun, 07 Oct 2012 09:38:05 GMT

It is my oldest card so I don't think i'm going to shut it down anytime soon. I have heard that too. It started at $200 (I was 18 when I got it) and went up to 500 after a couple of months and has been stuck there since.

Re: Dad got a Capital One CLI

jnkp2001 — Sun, 07 Oct 2012 10:05:12 GMT

same here. But mine is stuck at 750. I tried to get a CLI, but was denied and told I'd get an explanation in the mail. called cs and they told me they didn't know why either, No wonder they call it crap!....lol:smileyvery-happy:

Re: Dad got a Capital One CLI

jnkp2001 — Sun, 07 Oct 2012 10:09:24 GMT

what is IIRC?

Re: Dad got a Capital One CLI

Viper786 — Sun, 07 Oct 2012 10:36:46 GMT

IIRC = if I recall correct

Re: Dad got a Capital One CLI

jsucool76 — Sun, 07 Oct 2012 15:19:17 GMT

That is a credit steps CLI. He most likely had the card 6 months. All of their subprime cards get an auto CLI after 6 months if you make all of your payments on time.

Re: Dad got a Capital One CLI

clocktick — Sun, 07 Oct 2012 15:24:51 GMT

Yes, credit steps with the new card. Having the card a while - not likely for sudden CLI. Possible...but not likely at all.

Re: Dad got a Capital One CLI

LS2982 — Sun, 07 Oct 2012 16:07:22 GMT

clocktick wrote:
Yes, credit steps with the new card. Having the card a while - not likely for sudden CLI. Possible...but not likely at all.

I agree, very very rere indeed.

Re: Dad got a Capital One CLI

collinsridge — Sun, 07 Oct 2012 16:10:16 GMT

Do you think Crapital One will ever lift this whole never give a CLI policy? I mean it has to change. They're losing customers because of it! They have to see it.

Re: Dad got a Capital One CLI

LS2982 — Sun, 07 Oct 2012 16:17:39 GMT

collinsridge wrote:
Do you think Crapital One will ever lift this whole never give a CLI policy? I mean it has to change. They're losing customers because of it! They have to see it.

They're reviewing their policies, but I doubt it. It may change a little but your more than likely going to have to pull teeth the get any CLI's.

Re: Dad got a Capital One CLI

tinuviel — Sun, 07 Oct 2012 16:41:00 GMT

collinsridge wrote:
Do you think Crapital One will ever lift this whole never give a CLI policy? I mean it has to change. They're losing customers because of it! They have to see it.

I agree completely with your reasoning. Whether or not Cap1 will ever decide to change policies... who knows???

Re: Dad got a Capital One CLI

creditdreamera — Sun, 07 Oct 2012 17:10:03 GMT

Yeah, the whole Cap 1 thing confuses the heck out of it. I started at 300 with the platinum one, did the credit steps to go up to $500 where it stayed. Then early this year I applied for a Sony Visa (Cap 1 bank) and got approved for $500 and did the credit steps to go up to $750! My platinum Cap 1 would still be 500 if I hadn't sent the e-mail to the Executive office.

Re: Dad got a Capital One CLI

minimock — Mon, 08 Oct 2012 08:43:19 GMT

collinsridge wrote:
Do you think Crapital One will ever lift this whole never give a CLI policy? I mean it has to change. They're losing customers because of it! They have to see it.

It is their currnet business model, and untill they change models, nope. :)