Question for the board. I have a cap 1 card as my oldest card, started with a $500 limit maybe 6 years ago when my credit was crap. 2 years ago after recovery I got my limit up to $3000 from EO call. I have since gotten up to $4k via luv button. He's my issue, my credit score is now in mid to upper 700s. Have a 1.5 year old mortgage, no negatives and 5% utilization on cards. Have a discover with $14k limit, a 2 year old AMEX with $34k limit and a new Barclays with a $20k limit.
3 weeks ago I got a cap 1 sparks biz card and they have me a $30k limit. Figured I'd hit luv button for my cap 1 personal card and got a measly $150 increase to $4150. I know they pulled personal credit for biz card so how come I can't get limit up on personal? I emailed them via website on if they could use my hard pull from biz app for a CLI on personal and got a generic reply message that didn't come close to helping. The only reason I keep the card open is it's my oldest and no annual fee.
Will they consider using the HP on biz card for upping my limit on personal of I call? Not a huge deal for me but a tad irritating
3 weeks ago I got a cap 1 sparks biz card and they have me a $30k limit. Figured I'd hit luv button for my cap 1 personal card and got a measly $150 increase to $4150. I know they pulled personal credit for biz card so how come I can't get limit up on personal? I emailed them via website on if they could use my hard pull from biz app for a CLI on personal and got a generic reply message that didn't come close to helping. The only reason I keep the card open is it's my oldest and no annual fee.
Will they consider using the HP on biz card for upping my limit on personal of I call? Not a huge deal for me but a tad irritating
@CreditCuriousity wrote:If it has an AF close it and rid yourself of a SUB-PRIME card.. You can then re-apply for another Cap1 if you really want to torture yourself and most likely you will get alot better limit 10-20k on the Venture or Venture One or even QS. That card you have is marked as Sub-Prime it won't go anywhere imo.. Otherwise you seem to have plenty of credit alreayd and why would you want to deal with Cap1? So I have no love for them even though I have a few of there cards a necessary evil while i continue to rebuild.
By how much subprime is worse than prime? I mean, as far as everyday spending goes QS isn't any worse than let's say Freedom or Double Cash. Also, it reports the same way as prime cards that I've listed above and has the same effect on the score as well. Maybe during manual reviews future lenders care about that but even then why would they? I currently have 2 QS and 1 Barclay Rewards and I use all 3 of them exntesively. I guess none of them are considered prime (including Barclay MC) but I also don't see myself applying for more credit cards in the future even when my charge-offs fall off and my scores skyrocket. I simply see no need for that. Maybe there are more perks to having prime cards that I'm not aware of?
@abbafan wrote:
@CreditCuriousity wrote:If it has an AF close it and rid yourself of a SUB-PRIME card.. You can then re-apply for another Cap1 if you really want to torture yourself and most likely you will get alot better limit 10-20k on the Venture or Venture One or even QS. That card you have is marked as Sub-Prime it won't go anywhere imo.. Otherwise you seem to have plenty of credit alreayd and why would you want to deal with Cap1? So I have no love for them even though I have a few of there cards a necessary evil while i continue to rebuild.
By how much subprime is worse than prime? I mean, as far as everyday spending goes QS isn't any worse than let's say Freedom or Double Cash. Also, it reports the same way as prime cards that I've listed above and has the same effect on the score as well. Maybe during manual reviews future lenders care about that but even then why would they? I currently have 2 QS and 1 Barclay Rewards and I use all 3 of them exntesively. I guess none of them are considered prime (including Barclay MC) but I also don't see myself applying for more credit cards in the future even when my charge-offs fall off and my scores skyrocket. I simply see no need for that. Maybe there are more perks to having prime cards that I'm not aware of?
Nothing against Cap1 other then there lackluster CS... I was just answering his quetion how to get a higher limit.. Gotta most likely close that rebuider card apply for a new Cap1 and he would get alot higher limit as most likely that card is marked as a "rebuilder" card when he/she was starting out.. So the easiest way would to be closer and re-open a new account if you wanted to remain at Cap1.. Honestly they have some of the most hassle free rewards out there with the QS card... Or you could skip cap1 and just go for the big boys since he/she has good credit now as well... You are correct, they all report the same and even on manual review I don't think any lender would give a flying you know what if a line said Cap1, credit is credit...
A Cap-1 rebuilder card will never perform the same as opening a new account with excellent credit, I have a rebuilder from 2010 with a limit of 1400 I just got a Sony Siggy Visa with a limit of 5K, the only reason I dont kill that rebuilder is its my oldest bankcard and the int rate is 9.9%... Get a new personal card is what I recommend. Happy Holidays
