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Valued Contributor
indiolatino61
Posts: 1,481
Registered: ‎11-10-2012
0

72 Hours Until My Cap1 EO Decision - Update (in red below)...SUCCESS!!!!!!!!

[ Edited ]

Hello all...for reference, below is the email that I finally sent to the Cap1 EO after following some recommendations and suggestions from myFICO members:

 

Good Day,

 

I am writing to you today in the hopes that you are able to assist me in my request.

 

First, let me extend my thanks to Capital One for being instrumental in helping me build my credit to the healthy level it is today. However, my present credit limit and lack of any rewards on my current account does not allow me to utilize and enjoy my account to its fullest potential.

 

Therefore, I would like to change my Capital One Platinum Mastercard to a rewards level card with no annual fee, and a corresponding credit limit of $3,000. However, I would like this to be a soft-pull only, not a hard pull of my credit report.

 

If you require any further information, please feel free to call me at your convenience.

 

Thank you for your time and kind consideration.

 

My Name

(XXX) XXX-XXXX

 


I sent this on Friday night, and received a call on Monday, for which I was unavailable. Today I called back a nice lady and she went through all my requests and concerns:

 

1. Even though my account is not eligible for PC, she offered me a rewards program that would give me 1% back, similar to the Cash Rewards Card. I accepted this and she said she would contact me as soon as it is implemented. The rewards button on my account website appeared within an hour of the call. I was amazed...that was so fast! 

 

2. She asked me what CL I was looking for and I said $3,000. She asked if I would accept a counter offer if needed and I accepted. She said my request will be immediately forwarded to UW and I will be contacted with a decision (within 72-hours). It hasn't even been 24 hours and when I went online to check my account I saw the CL...$1,500.00. Not the $3K I asked for, but it is double my limit which is just fine with me (for now...:smileywink:).

 

3. She said my concerns about the AF will also be forwarded to UW and a decision will be made. I called to check about the AF and it has been waived! She suggested to just call back when the next one is due (July, 2014) to see about another waiver.

 

She then asked me what my income is, what my housing payment is, and if I want to add any investments. I answered her questions and then she said all my info will be forwarded and she will contact me as soon as decisions are made.

 

The whole process was quick and not nearly as stressful as I had thought. I would have never emailed, or even known about emailing, the EO if it wasn't for the advice on myFICO. I will post my final results when they are available. The rewards are a done deal, which is far more than I was getting and ever hoped top get from Cap1, so IMO it is already a win! Thanks so much for your great comments and help.

 

All in all...a very satisfactory outcome, especially since I would have never done any of this without myFICO members' help and invaluable information. Thanks to you all!

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Community Leader
Senior Contributor
myjourney
Posts: 26,659
Registered: ‎02-07-2013
0

Re: 72 Hours Until My Cap1 EO Decision

Drum role please .............Good luck

"Intelligence plus character--that is the goal of true education"
Last 5 apps 6/6/13


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09Lexie
Posts: 26,345
Registered: ‎09-13-2012
0

Re: 72 Hours Until My Cap1 EO Decision

Established Contributor
Cageym
Posts: 509
Registered: ‎07-31-2012
0

Re: 72 Hours Until My Cap1 EO Decision

Good luck!! I'm going to call them tonight about mine.


What's in my wallet: Cap1 Venture $10K NFCU Sig Visa $25k Amex Zync NPSL Delta Gold $18k BCE $2k Citi Simplicity $5450 Priority Select Visa 5.9K Amazon Visa 4k CSP 5k
Starting Score: 5/2010 550-ish
Current Score: 6/20/2013 TU 800 6/20/2013 EQ 770 6/20/2013 EX 775
Goal Score: 800 accross the board
Contributor
mcf
Posts: 355
Registered: ‎02-25-2013
0

Re: 72 Hours Until My Cap1 EO Decision

Good Luck! Gotta think positive! Stay positive!

Starting Score:Walmart TU 686, MyFico EQ 630, Credit Sesame 649, CK 636Current Score: 689 TU/Walmart CK 645 Goal Score:700 CLUB
Last HP:5/21/13Take the myFICO Fitness Challenge
Senior Contributor
youngandcreditwrthy
Posts: 6,242
Registered: ‎08-16-2012
0

Re: 72 Hours Until My Cap1 EO Decision

Goooood luck! Shoulda asked for $5k. Chances are, they'll meet you halfway :-)
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| Wmt Discover $12.5k | BR Visa $12.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
New Contributor
Richierichdollar
Posts: 116
Registered: ‎03-10-2013
0

Re: 72 Hours Until My Cap1 EO Decision

Was this a secured card or unsecured card? I was just wondering cause I have eo my secured card with no luck at all I mean they wouldnt even move an inch. I have there cash rewards card also and a discover it card I am wondering should i just axe the secured, I dont want to cause it is my oldest card to date 1yr and I know it will hurt my aaoa and utli. I also think they know this and this is why they wont budge on the subject but once my discover reports I will eo again and see what can be done. I really dont want to app for another one of there cards. I Know i wont use the secured card anymore cause it will get me no rewards. I am just gonna but my netflix bill on it and thats all just to keep it open but man I would like to have them pc this card to something.

New Contributor
princesstooth
Posts: 56
Registered: ‎03-15-2013
0

Re: 72 Hours Until My Cap1 EO Decision

Good luck! I just went through the same phone call today. Same question. I aimed high and asked for $8000. Lets see what they counteroffer with.
New Contributor
stormb28
Posts: 104
Registered: ‎12-12-2012
0

Re: 72 Hours Until My Cap1 EO Decision

I spoke to them today as well. I asked for increase to $4, 000 from $2, 500.
Valued Contributor
indiolatino61
Posts: 1,481
Registered: ‎11-10-2012
0

Re: 72 Hours Until My Cap1 EO Decision - Update (in red below)...SUCCESS!!!!!!!!


indiolatino61 wrote:

Hello all...for reference, below is the email that I finally sent to the Cap1 EO after following some recommendations and suggestions from myFICO members:

 

Good Day,

 

I am writing to you today in the hopes that you are able to assist me in my request.

 

First, let me extend my thanks to Capital One for being instrumental in helping me build my credit to the healthy level it is today. However, my present credit limit and lack of any rewards on my current account does not allow me to utilize and enjoy my account to its fullest potential.

 

Therefore, I would like to change my Capital One Platinum Mastercard to a rewards level card with no annual fee, and a corresponding credit limit of $3,000. However, I would like this to be a soft-pull only, not a hard pull of my credit report.

 

If you require any further information, please feel free to call me at your convenience.

 

Thank you for your time and kind consideration.

 

My Name

(XXX) XXX-XXXX

 


I sent this on Friday night, and received a call on Monday, for which I was unavailable. Today I called back a nice lady and she went through all my requests and concerns:

 

1. Even though my account is not eligible for PC, she offered me a rewards program that would give me 1% back, similar to the Cash Rewards Card. I accepted this and she said she would contact me as soon as it is implemented. The rewards button on my account website appeared within an hour of the call. I was amazed...that was so fast! 

 

2. She asked me what CL I was looking for and I said $3,000. She asked if I would accept a counter offer if needed and I accepted. She said my request will be immediately forwarded to UW and I will be contacted with a decision (within 72-hours). It hasn't even been 24 hours and when I went online to check my account I saw the CL...$1,500.00. Not the $3K I asked for, but it is double my limit which is just fine with me (for now...:smileywink:).

 

3. She said my concerns about the AF will also be forwarded to UW and a decision will be made. I called to check about the AF and it has been waived! She suggested to just call back when the next one is due (July, 2014) to see about another waiver.

 

She then asked me what my income is, what my housing payment is, and if I want to add any investments. I answered her questions and then she said all my info will be forwarded and she will contact me as soon as decisions are made.

 

The whole process was quick and not nearly as stressful as I had thought. I would have never emailed, or even known about emailing, the EO if it wasn't for the advice on myFICO. I will post my final results when they are available. The rewards are a done deal, which is far more than I was getting and ever hoped top get from Cap1, so IMO it is already a win! Thanks so much for your great comments and help.

 

All in all...a very satisfactory outcome, especially since I would have never done any of this without myFICO members' help and invaluable information. Thanks to you all!


 

 photo Logo-CreditCardCollection-DataInclusive_zpsf395b751.jpg

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