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New Contributor
saaws
Posts: 60
Registered: ‎09-02-2010

Re: Another Unsatisfied Cap1 Customer

LOL That's such a interesting way of seeing it - hidden message to other banks.

 

:smileysad: Am in the same boat, started with unsecured $500 and never received an increase for 2 years.  But I am keeping my crap 1 card for now because the APR decreased to 5.90%.. which is quite amazingly low. but once if I get $59 af notice, I will ditch them so fast - especially since I got $5K limit card from Chase a month ago :smileytongue:

EQ 734 (2010/09) 680 (2011/08) 700 (2012/04) 701 (2013/01) | EX 737 (2011/09 AMEX) | TU 755 (2010/09) 721 (2011/09)
Amex Platinum NPSL / Blue Cash Preferred $10K | BofA Visa $9K | Discover More $8.5K | Cap1 Best Buy MC $7K | Chase Ink Bold $12.5K / Sapphire Preferred $5.5K / MileagePlus Select Visa $5K / Freedom $2K | Dell Store $3K
Senior Contributor
O6
Posts: 3,626
Registered: ‎10-13-2009

Re: Another Unsatisfied Cap1 Customer


saaws wrote:

LOL That's such a interesting way of seeing it - hidden message to other banks.

 

:smileysad: Am in the same boat, started with unsecured $500 and never received an increase for 2 years.  But I am keeping my crap 1 card for now because the APR decreased to 5.90%.. which is quite amazingly low. but once if I get $59 af notice, I will ditch them so fast - especially since I got $5K limit card from Chase a month ago :smileytongue:


It sure does make sense.  If someone has a more logical answer I'd love to hear it.

IAALBNYL
New Contributor
Safe4Me2
Posts: 62
Registered: ‎07-30-2009

Re: Another Unsatisfied Cap1 Customer

Well here's my message to Cap 1, see you later.  I will pay off my account within the next few months (my annual fee isn't due until August), open a Credit Union Credit CArd, and cancel Cap 1.

Valued Contributor
mjbfan79
Posts: 1,998
Registered: ‎03-31-2008

Re: Another Unsatisfied Cap1 Customer

I wish crap one would send me a letter. I would close the card right away


Starting Score 3-31-08: EQ 582 TU 577 EX 625
Current Score 3-19-10: EQ 703 TU 712 EX No Clue
Goal Score: 800 By January Of 2012


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Valued Member
Dhager
Posts: 46
Registered: ‎04-23-2010

Re: Another Unsatisfied Cap1 Customer

Yeah good old crap one.  I have been with them for over 2 years.  I have a classic platinum.  They refuse to give me a CLI but send me preapproved offers for new cards.  Just what I need another crap one with a 500 dollar limit.  I will just stick with Amex credit limit is 10x higher but it has to be paid off every month.  Its a better card because I pay off all of my balances before they are due.


Starting Score: TU-636 EQ-641
Current Score: TU-648 EQ-693
Goal Score: 720


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Senior Contributor
O6
Posts: 3,626
Registered: ‎10-13-2009

Re: Another Unsatisfied Cap1 Customer

There was a not too recent consumer credit segment on TV and, if my CRS isn't acting up again, they spoke to one scumbag at CrapOne who suggested they like to approve multiple cards so that their customer count remains high -- each card is a customer.  That way they can claim to be the largest issuer of, say, Visa cards and get significantly better pricing terms from Visa / MasterCard.

 

They don't call them CrapOne for nothing.

IAALBNYL

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