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Regular Contributor
Posts: 122
Registered: ‎08-04-2007
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CAP ONE OFFER

Greetings Everone Has anyone ever received a pre approved offer from Cap one after two previous chargeoffs from 2002.I received a offer saying they lost me as a customer a want me The chager offs are paid but are they serious about the new offer,they must know about the charge off anyone familiar with this offer
Established Contributor
Posts: 532
Registered: ‎11-25-2007
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Re: CAP ONE OFFER

Yes, it is a real offer.  I got the same thing after a CO from 2005 with cap1 in sept of last year.  i accepted it so i could build good history again, although I didn't like the $300 limit I got.  Got it up to 1K now, so I'm happy.
FICO's: TU: 682 EX: 688 EQ: Unknown

In my wallet (strikethough are getting the axe soon): Amex Rewards Plus Gold | BECU: 10,000 | AlaskaUSA FCU: 6,900 | Citi Forward 6,500 | BOA Travel Rewards: 5,000 | US Bank Cash+: 5,000 | Merrick: 4,200 | Chase Freedom: 3,500 | Juniper: 3,100 | Household: 2,450 | Best Buy Reward Zone: 2,000 | Cap1: 1,500 | Cap1: 750 | Bailey's Furniture: 3,100 | Lowes: 4,500 | Care Credit: 2,000 | Zales: 1,400 | Kohls: 400 | Sam's: 5,200 | Walmart: 1,100 | Discover More: 1,000
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Established Contributor
Posts: 717
Registered: ‎03-05-2008
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Re: CAP ONE OFFER



tmoney wrote:
Greetings Everone Has anyone ever received a pre approved offer from Cap one after two previous chargeoffs from 2002.I received a offer saying they lost me as a customer a want me The chager offs are paid but are they serious about the new offer,they must know about the charge off anyone familiar with this offer


  It is a real offer, you just have to mindful you may receive a card (what they call product) that is not eligible for requested CLI's.  For example, I had to previous accounts with Cap1 -one a Visa that was closed and paid before charge off almost 10 years ago, and another that was charged off about 9 years ago.  Cap1 sent an offer through the collection agency to pay my charge off account and receive a new Cap1 card. I have had the card since 2004 (1 late pmt) and have only received 1 CLI (from $200 to $500). When I call the backdoor number, I am advised my product is not eligible for initiated CLI - only eligible via account review. However, my card info says the card has a maximum limit of $3000.
 
Just want to know in advance because you may read this board alot and get excited when people use the backdoor number for increases. If the offer is for credit steps, I would definitely jump on it in a heartbeat. They must offer that product to you and is one of the few ways those in credit repair can have definite automatic increases.

Starting Score: EQ: 633 (12/31/09) TU: 651 (12/31/09)
Current Score: EQ:633 TU: 651
Goal Score: EQ: 700 TU:700


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