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Cap 1 CL

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Charger_Fan19
Contributor

Cap 1 CL

I know that Cap 1 is stingy with CLI but has anyone had luck with an initial increase at activation to match other CL? I was just approved for cash rewards and my limit about 1/3 of what my other bank cards are. Normally Id say rack it up and PIF and call in 6 months, but this is Cap 1....


Starting Score: EQ 500 TU 500 EX 500
Current Score: EQ 647 TU 685 EX 684 9/2/16 Recommitted to Fico Health! Smiley Happy
Goal Score: 700
Message 1 of 4
3 REPLIES 3
Creditaddict
Legendary Contributor

Re: Cap 1 CL

What is the Limit of this Cap1?

 

I kind of air on the side that says once you have gone mid-Prime at least I would not apply for Capital One!

 

However I can't dismiss what REAL PRIME clients end up with in my experience, so they are not all terrible but I don't think they have a middle, you either stuck way down low or you are way up high and even way up high I don't see the CLI's like other banks and cards.

Message 2 of 4
JenniferinFL
Frequent Contributor

Re: Cap 1 CL


@cowgirl79 wrote:

I know that Cap 1 is stingy with CLI but has anyone had luck with an initial increase at activation to match other CL? I was just approved for cash rewards and my limit about 1/3 of what my other bank cards are. Normally Id say rack it up and PIF and call in 6 months, but this is Cap 1....


First thing I would do is sign into your online account and look at your "statements and documents" page. I was a bit disappointed with the limit, but, I have a document there called "credit steps" which has my new credit limit listed that I'll automatically upgrade to after 5 on time payments.. My CL is supposed to double and that's with my income only being $10,000 as I'm a student at the moment.

I would check and see if you have something like that sitting there before calling just to save yourself some time.

Current Cards: Cap 1 Journey $3000, Cap 1 Playstation $2250, WFNNB Store Cards $2450 combined, Target $700, CareCredit $1700, Barclay Rewards Plat. Mastercard $1800, Old Navy $300, DCU Platinum Rewards Visa $2000, Swagbucks Rewards Visa $1000

Starting Score: 615 EQ (03-15-2012) 600 TU (03-21-2012 Barclays app) ) Ch.7 discharged 5/2009

Current Score: 671 EQ (09-27-2014 DCU) 660 TU (9/26/14 Barclays) Ex 688 (10/07/2014 Swagbucks)

Gardening since 9/22/2014


Message 3 of 4
Charger_Fan19
Contributor

Re: Cap 1 CL

I just looked, they did enroll me in credit steps. I'll get a 500 bump in 7 statements. Its something, but its still half the credit line of my others. I'm not a big fan of cap 1, but they did give me a card way back when I didn't deserve it so I have some loyalty. Right now its 0% for a year and Ive already gotten rewards off it. I guess I will just hold my breath for a few months and keep racking up the cash back!


Starting Score: EQ 500 TU 500 EX 500
Current Score: EQ 647 TU 685 EX 684 9/2/16 Recommitted to Fico Health! Smiley Happy
Goal Score: 700
Message 4 of 4
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