Credit Card Center Advertiser Disclosure

Reply
Regular Contributor
Posts: 105
Registered: ‎06-09-2017
0 Kudos

Re: CapOne "starter acct" CL loophole found w/$6k CLI!

[ Edited ]

Congrats OP! Was it SP or HP for in result of your MR? Thank you

Rebuilding credit since 07/2014-Ch7 BK discharge. Amex ED $4.2k - Blispay $5k - Capital QS $1,8k - Capital QS1 $1,8k - Capital Venture (AU) $11k - Citi Costco $5,5k - Citi AA (AU) $16,5k - Chase Hyatt (AU) $20k - Chase United (AU) $15k - Chase Amazon (AU) $5K - Victoria Secret $1.1k - Credit One $2.4k - Discover $2.1k - Merrick Bank $1.4k - Walmart $6k - Paypal Credit Hidden Line $4,5k - Car Loan $11k - Student Loan $2.4k. Being AU with High Limit Cards help me a lot for rebuilding journey.
Senior Contributor
Posts: 7,051
Registered: ‎04-11-2016
0 Kudos

Re: CapOne "starter acct" CL loophole found w/$6k CLI!


mister-endowed wrote:

But didn't the Executive Office shut down the CLI request through their channel a long time ago? I know for a fact they tell folks they no longer take limit increase request so has that changed lately? And how did u get through with them cos I also know they also provide a PIN in order to get access to their team.


About a year ago reading on this forum I came across the same information, that Capital One would no longer do manual CLI requests with a human being.  I have done them multiple times though since then, but the reason is because their other 2 automated methods don't work for me.  Rather than simply say "oh well" which I'm sure they could do, they feel it's still worth giving the customer a CLI opportunity (if it's been over 6 months since last CLI) so they make an exception to their rule. 

 

I was connected with the EO by CS, no PIN needed.  I do know what you mean, as in the past I've had voice mails left for me by the EO that have provided me with a PIN to get back in touch with them.  I assume CS while they had me on hold contacted the EO and transferred me over behind the scenes, so the next thing I knew I was on "a recorded line" with an EO rep that spoke great English and was very helpful.

Senior Contributor
Posts: 7,051
Registered: ‎04-11-2016
0 Kudos

Re: CapOne "starter acct" CL loophole found w/$6k CLI!


alohawinn wrote:

Congrats OP! Was it SP or HP for in result of your MR? Thank you


SP.  As far as I know, all Capital One CLIs are SPs unless otherwise indicated at the time of the request... but if it's been 6+ months since your last CLI you can request another via SP.

Established Contributor
Posts: 932
Registered: ‎05-14-2017

Re: CapOne "starter acct" CL loophole found w/$6k CLI!

Congrats, BBS!

I've given up my secured platinum as it just wasn't worth it to me anymore.

Have my QS1 still stuck with a fee and at $850.

The AF will hit in Dec, so I am keeping it open now and if they do not at least get rid of the absurd AF after me having it for 3yrs, then the card and Cap1 are toast Smiley Happy
Senior Contributor
Posts: 7,051
Registered: ‎04-11-2016

Re: CapOne "starter acct" CL loophole found w/$6k CLI!

Thanks.  I was actually way more excited about posting this thread topic when I got the CLI than the fact that I actually got a CLI on a SD card that I only use on occasion to keep it open, LOL.

Valued Contributor
Posts: 1,070
Registered: ‎03-22-2016
0 Kudos

Re: CapOne "starter acct" CL loophole found w/$6k CLI!

First off, BIG CONGRATS BBS !!  Nice job

Ill try to keep this reply brief

 

I hit the luv button for a CLI on my then 9 year old Plat card (CL then ws $1500) and ws denied

The reason was that I had a 30 day late within the last year reporting on my credit file. This was an error

I spoke with someone from EO and told them that my last late was over 5 years ago.

I was told to mail in a copy of my credit report as they had no way of doing a manual review.

I just said screw it and never followed through

 

Im just offering it here for general consumption



3/16 EX 644 CK-TU 642 CK-EQ 660 WalMart- 671. One baddie left falls off starting 11/17.
>10/17 CCT EX 732 TU 725 EQ 715
You are only young once, but you can be immature forever
Senior Contributor
Posts: 7,051
Registered: ‎04-11-2016
0 Kudos

Re: CapOne "starter acct" CL loophole found w/$6k CLI!

If they said you had a late payment in the last year it would mean that they saw the late when doing a SP for the CLI request.  I believe they look at your TU report.  Did you have a late payment incorrectly reported on TU in the last year, or do you think they made a mistake in saying that they saw a recent late payment?  When they asked you to mail in a copy of your credit report, did they request a specific bureau or didn't that matter?  If they told you they wouldn't do a manual review, why would they ask for your credit report as by definition requesting that would be so that they could review it (manually)?  I'm sort of confused by this.

Valued Contributor
Posts: 1,070
Registered: ‎03-22-2016
0 Kudos

Re: CapOne "starter acct" CL loophole found w/$6k CLI!

[ Edited ]

What had happed was that a hospital ER failed to record my paying the $50 copay. This bill went to collections who added it to my EX file. While it is true that a medical account under $100 does not effect your fico scoring, some scoring models will treat a newly added collection as a missed payment. I had the account removed from my report and then Cap1 gave me my last and final CLI of $250.  That was 18 months ago.

 

What is funny is the current excuse they are using "Monthly payment too small"  Ive been sitting on a -$10 credit balance for months

For the final ficker .... Their CreditWise score for me is 798

Sorry OP if I hijacked your thread as this was not my puropose

 

Again, congrats



3/16 EX 644 CK-TU 642 CK-EQ 660 WalMart- 671. One baddie left falls off starting 11/17.
>10/17 CCT EX 732 TU 725 EQ 715
You are only young once, but you can be immature forever
Senior Contributor
Posts: 3,855
Registered: ‎05-24-2015
0 Kudos

Re: CapOne "starter acct" CL loophole found w/$6k CLI!

I wasn't aware capital one was allowing anyone to speak/transfer in directly to the Executive Office?   I thought the only route for that was by emailing the CEO Richard Fairbanks?????

EQ 730, TU 730, EX 720. INQs EQ-2, TU-13, EX-12 AAOA 4yrs Util 3% Inspiration: Themanwhocan's Cash Back Charts
Senior Contributor
Posts: 7,051
Registered: ‎04-11-2016
0 Kudos

Re: CapOne "starter acct" CL loophole found w/$6k CLI!

I've spoken to the EO at least 4-5 times and I don't believe any of my correspondence came due to emailing the CEO.  I've emailed CEOs many times for GW campaigns, but I never had any negatives on my CO account to target with GW.  The only issue I've ever had with my CO account is the ability to request a credit line increase via their automated system on the phone or on their web site.  Most of the time I've spoken with CS and quickly when they see that they can't resolve my issue since it's beyond their scope they say they'll escalate it and the result is usually a call back from the EO the following day, give or take.

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.