topic Re: Capital One and PRIME Customers... Anyone asking for CLI on them?? in Credit Cards

Capital One and PRIME Customers... Anyone asking for CLI on them??

Creditaddict — Tue, 09 Oct 2012 18:29:25 GMT

Wondering if anyone that has over a $5k line with Capital One that has not seen any increases either look into and talk to President Office to increase those limits?

My Partner has $7500 I think for 7+ years, Other then his STUPID $1500 Chase Freedom (Given to him when he opened Chase Car Loan, still an epic fail CL for him) but $7500 is lowest otherwise...

He probably won't take time to ask but wondering if anyone has and had a positive outcome also?

Re: Capital One and PRIME Customers... Anyone asking for CLI on them??

DeadSpider — Tue, 09 Oct 2012 18:39:56 GMT

$7500 with Cap1 is like being on top of the world for most people.

Re: Capital One and PRIME Customers... Anyone asking for CLI on them??

Creditaddict — Tue, 09 Oct 2012 18:51:00 GMT

DeadSpider wrote:
$7500 with Cap1 is like being on top of the world for most people.

Yes this is true but we are seeing $300 go to $5k and then the $750 to $10k today... so should he be emailing asking for $7500 to $30k!?

Re: Capital One and PRIME Customers... Anyone asking for CLI on them??

csol47 — Tue, 09 Oct 2012 18:56:50 GMT

Capital one and prime is a bit of a joke... they can't really compete with the best cards out there. I suppose the saving grace being that they have no ftf's on the no AF cards, but those also don't have chips and can be a hassle (pun intended) overseas. I'm pre-selected for all the prime cards after cancelling all of the subprime ones in one fell swoop. Ironic but I don't think I'm interested. They're just quite up to par with other offers and their system/customer service is lacking. Whether that's improved for the prime cards is a great question....I've heard rumors to the contrary, but perhaps for CLI's.

Re: Capital One and PRIME Customers... Anyone asking for CLI on them??

migliogiorni — Tue, 09 Oct 2012 18:58:13 GMT

We are seeing very few ppl reach 10k I suppose it wouldn't hurt to ask.

Re: Capital One and PRIME Customers... Anyone asking for CLI on them??

calihlove75 — Tue, 09 Oct 2012 18:59:14 GMT

I will have a $5000 with Capital one as soon as they give me a $4700 cli..lol

I guess your question was not directed at me...haha!!

Re: Capital One and PRIME Customers... Anyone asking for CLI on them??

DeadSpider — Tue, 09 Oct 2012 19:08:58 GMT

If you got Cap1 try to get CLi but I'm not recommending anybody with good credit to apply for Cap1 as getting CLI is soooo much work it's not worth it.

There are lots of credit cards out there to apply nobody needs Cap1 unless your starting out or rebuilding.

Re: Capital One and PRIME Customers... Anyone asking for CLI on them??

jsucool76 — Tue, 09 Oct 2012 19:10:25 GMT

CA: I haven't seen people WITH limits that high on a cap1 card, but I know their primes go up to 30k or so, so asking for a CLI shouldn't be an issue. AFAIK they treat the prime customers differently.

Ray has a 5k limit on his cash rewards siggy visa, but I read a post by him where he was able to push ~20k through it in a single purchase and pay it off thanks to the NPSL Siggy feature, so they do treat their World MC / Visa Siggy cardholders pretty nicely.

csol47 wrote:
Capital one and prime is a bit of a joke... they can't really compete with the best cards out there. I suppose the saving grace being that they have no ftf's on the no AF cards, but those also don't have chips and can be a hassle (pun intended) overseas. I'm pre-selected for all the prime cards after cancelling all of the subprime ones in one fell swoop. Ironic but I don't think I'm interested. They're just quite up to par with other offers and their system/customer service is lacking. Whether that's improved for the prime cards is a great question....I've heard rumors to the contrary, but perhaps for CLI's.

Their prime cards are actually pretty cool, definitely decent considering the fact that most of the primes have no AFs, and a 2% return on the Venture for a $59 AF isn't a bad deal if you ask me. Sure the card doesn't earn actual miles, but I definitely wouldn't call it a joke.

Re: Capital One and PRIME Customers... Anyone asking for CLI on them??

csol47 — Tue, 09 Oct 2012 19:18:36 GMT

I was referring to the customer service experience that comes along with it as well. A 2% back card is not a bad deal, unless you want to use the points for hotels or business/first class airfare etc. It still doesn't hold a candle to US bank, penfed, and one of the newest citi thank you offers, in my opinion, but either way... I'm interested to hear more about the experience of prime card holders though and how it differs. It seems we don't get too posts about that.

Re: Capital One and PRIME Customers... Anyone asking for CLI on them??

Walt_K — Tue, 09 Oct 2012 19:21:20 GMT

Agree that Capital One does have some attractive offerings. I really would like to see a thread like this attract comments from people with those other cards. The threads bashing Capital One are in no short supply. You can't necessarily extrapolate your experience from a rebuilder card to all of their other cards. So maybe those who only have experience with their rebuilder cards can leave off trashing Cap One for a moment to see if those with their higher tier products can either confirm or deny that they receive better customer service, including reasonable CLI policies.

Re: Capital One and PRIME Customers... Anyone asking for CLI on them??

jsucool76 — Tue, 09 Oct 2012 19:23:40 GMT

Walt_K wrote:
Agree that Capital One does have some attractive offerings. I really would like to see a thread like this attract comments from people with those other cards. The threads bashing Capital One are in no short supply. You can't necessarily extrapolate your experience from a rebuilder card to all of their other cards. So maybe those who only have experience with their rebuilder cards can leave off trashing Cap One for a moment to see if those with their higher tier products can either confirm or deny that they receive better customer service, including reasonable CLI policies.

I technically have one of their (re)builder cards, I'm in the credit steps program, and they were my first card. They have been nothing but great to me, and anytime I had an issue it was always quickly resolved.

Re: Capital One and PRIME Customers... Anyone asking for CLI on them??

Creditaddict — Tue, 09 Oct 2012 20:13:14 GMT

Yes I can't tell you the last time I have seen Capital One approving new cards (PRIME) like they use to... My parents had some Blue Travel Card back starting probably in late 90's with $16k and then my father had a Business Card that had 60 day no interest on purchased ALWAYS and that was opened and then didn't move for $7k, my mother had a regular reward business card at $5k and never moved.... not sure they have any cap1 anymore...

my friend BK cap1 but had never been late and kept a mortgage so he crossed through a discharged bk in under 90 days and with a score in the 680+ i believe, within a month he had an offer for cap1 rebuilder but a little higher up on the line of good and he was instantly approved for $5k, then up to 6 and then he closed and they uped it to 8 and didn't actually close... not sure now.. but again this was pre 2008....

Re: Capital One and PRIME Customers... Anyone asking for CLI on them??

my25reasons — Tue, 09 Oct 2012 20:23:19 GMT

I apped for the capital one cash rewards card today and was approved for a 5k limit. I was a little disappointed, since I was hoping to fall in the 5k+ category. Not sure if that puts me there or not. Have to wait until I get the card to see. Also the interest rate after the 0% 1st year is up at almost 22%, which is double the interest rate on any of my other credit lines. Not sure I'll keep them after the first year if they don't lower the rate for me.

Re: Capital One and PRIME Customers... Anyone asking for CLI on them??

RockinRay — Tue, 09 Oct 2012 20:24:54 GMT

my25reasons wrote:
I apped for the capital one cash rewards card today and was approved for a 5k limit. I was a little disappointed, since I was hoping to fall in the 5k+ category. Not sure if that puts me there or not. Have to wait until I get the card to see. Also the interest rate after the 0% 1st year is up at almost 22%, which is double the interest rate on any of my other credit lines. Not sure I'll keep them after the first year if they don't lower the rate for me.

As long as you PIF, the interest rate should not concern you! Beat them at their own game. Use the card, PIF, and collect the rewards.

Easy! :)

Re: Capital One and PRIME Customers... Anyone asking for CLI on them??

somnipotent — Tue, 09 Oct 2012 20:43:33 GMT

Captial One and Prime is an oxymoron wouldn't you say. I kid, I kid.

Re: Capital One and PRIME Customers... Anyone asking for CLI on them??

youngandcreditwrthy — Tue, 09 Oct 2012 21:13:53 GMT

While Cap One def'ly helped me build and sustain a great credit record, they are known to be subprime. Even many of their Venture/No Hassle Cash cards get approved with lower than normal limits. If you have like an 800 score, sure they MIGHT bend over backwards. If you have like a 700 FICO, however, you'll prob just get the same $500 crappy limit. My $1,300 limit worked for years until I realized using that card was keeping me subprime (util on low limit card will appear highee for obvi reasons).
To each his own

Re: Capital One and PRIME Customers... Anyone asking for CLI on them??

jsucool76 — Tue, 09 Oct 2012 21:21:41 GMT

youngandcreditwrthy wrote:
While Cap One def'ly helped me build and sustain a great credit record, they are known to be subprime. Even many of their Venture/No Hassle Cash cards get approved with lower than normal limits. If you have like an 800 score, sure they MIGHT bend over backwards. If you have like a 700 FICO, however, you'll prob just get the same $500 crappy limit. My $1,300 limit worked for years until I realized using that card was keeping me subprime (util on low limit card will appear highee for obvi reasons).
To each his own

You never know. They gave me a $3000 limit with a ~620ish score. First credit card. They're just...a different breed of lender.

Re: Capital One and PRIME Customers... Anyone asking for CLI on them??

compassion101 — Tue, 09 Oct 2012 21:27:45 GMT

I've had a 5K limit with a capone platinum for about 6 years. I've been tempted to call for an increase after seeing all the increases lately, but tbh I don't really use the card now except when I travel out of the country. I was away for 2 months but am back in u.s. now and have no plans for upcoming travel. So the truth is I'd love to have CLI because it will help my util since I am planning to carry some balnaces at 0% APR for the next year on other cards, but I have no other need for capone CLI. I wouldn't use the card much even if I got a CLI

Re: Capital One and PRIME Customers... Anyone asking for CLI on them??

navigatethis12 — Tue, 09 Oct 2012 23:24:33 GMT

My aunt and dad have Capital One cards with fairly large limits that got their by asking for an increase. I think most of the people here have Capital One's "poor credit" cards and that is why they get no large increases. I can understand Capital One's stance on this and do not see why they get so much hate from everyone. In my opinion they have some nice cards and if you have good credit you will have no problem getting a nice limit and card from them.