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Frequent Contributor
Posts: 356
Registered: ‎01-16-2013
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Re: A very disturbing conversation with Cap1 Account Manager...


squeezycheeze69 wrote:

Sorry for the delay, let me elaborate...

 

Yes, it is her oldest card, & thus it will be with her forever.

 

It isn't that we need more than $7500, it's the fact that every other creditor on the planet gives us better.  & the rewards suck, but they won't let us change he program

to a new CC.

 

Basically, they fight us tooth & nail on everything we have ever assked for, so I am kinda on a mission.

 

It's not so much playing the "credit game", it's a personal vendetta against this **bleep** company to finally admit they are wrong.


What does her/yalls income look like? It may be that yeah you have other cards with $20k+ limits, but if your combined income is less than your total amount of available credit, Capital One has decided that they are not willing to extend any more credit for fear that you may over extend yourselves. I'm not saying this is the case, just an example.

 

I have been through the Capital One deal (oldest card, $1500 limit for 6-7 years, finally got a massive CLI through the EO), so I understand your frustration. Keep in mind though that no one is entitled to any amount of credit with any company, and they are not wrong for not extending more credit.



Starting Scores: myFICO EQ: 678, myFICO TU: 676, myFICO EX: 678 (01/2013)
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Frequent Contributor
Posts: 398
Registered: ‎04-15-2013
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Re: A very disturbing conversation with Cap1 Account Manager...

I never liked Cap1 at all, when I was Credit less I tried I get a secure card from hem, went to the branch at NYC and I was completely ignore.. No help or what ever wasted 30mins of waiting.. The workers there only chatted to themselves.. Maybe that's why I don't really see actually anyone going into cap1 branch

BCE- 34500 -BOA 123 40000 -Freedom- 33000- Citi Forward- 27000 -Citi DC- 39900-Prestige 50k
Garden mode 3/25/14



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Posts: 1,441
Registered: ‎01-14-2009
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Re: A very disturbing conversation with Cap1 Account Manager...


squeezycheeze69 wrote:

Sorry for the delay, let me elaborate...

 

Yes, it is her oldest card, & thus it will be with her forever.

 

It isn't that we need more than $7500, it's the fact that every other creditor on the planet gives us better.  & the rewards suck, but they won't let us change he program

to a new CC.

 

Basically, they fight us tooth & nail on everything we have ever assked for, so I am kinda on a mission.

 

It's not so much playing the "credit game", it's a personal vendetta against this **bleep** company to finally admit they are wrong.


Any updates? Good luck!

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Registered: ‎12-30-2011
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Re: A very disturbing conversation with Cap1 Account Manager...

Squeezy: this is actually not uncommon and it's not limited to Cap One. I know it's typically done by what product you have now, but other lenders have done so as well.

Chase was notorious for this on their default Freedom cards that they converted WAMU and most other acquired credit cards into. It's possible they've had over a hundred different versions and depending which one you got, dictated your product maximums and PC-ability (sometimes none) nearly a decade later in the WAMU example.

Lenders design some limitations into their products; it doesn't make much sense to us as the consumer, but it's reality.

An "anchor" card at $7500 is nothing to sneeze at. I know plenty of people who have similar with a 300-400 credit line.

If the EO helps, fantastic; however, if they don't, just let it go. It's seriously not hurting your wife's credit at all.
Starting Score: EQ 04 561, TU 98 567, EX 98 599 (12/30/11)
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Posts: 15
Registered: ‎05-12-2012
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Re: A very disturbing conversation with Cap1 Account Manager...

Can someone please PM me the EO address, thanks.

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Senior Contributor
Posts: 30,749
Registered: ‎02-07-2013
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Re: A very disturbing conversation with Cap1 Account Manager...


rob3gd wrote:

Can someone please PM me the EO address, thanks.


Sent 

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Does it fit your spending?
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Senior Contributor
Posts: 11,485
Registered: ‎10-21-2012
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Re: A very disturbing conversation with Cap1 Account Manager...


Revelate wrote:
Squeezy: this is actually not uncommon and it's not limited to Cap One. I know it's typically done by what product you have now, but other lenders have done so as well.

Chase was notorious for this on their default Freedom cards that they converted WAMU and most other acquired credit cards into. It's possible they've had over a hundred different versions and depending which one you got, dictated your product maximums and PC-ability (sometimes none) nearly a decade later in the WAMU example.

Lenders design some limitations into their products; it doesn't make much sense to us as the consumer, but it's reality.

An "anchor" card at $7500 is nothing to sneeze at. I know plenty of people who have similar with a 300-400 credit line.

If the EO helps, fantastic; however, if they don't, just let it go. It's seriously not hurting your wife's credit at all.

+1

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