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The most common answer you will get from cap1 is NO, I closed one of my cap1 cards already and 2 more are on the chopping block.
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.
@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...
Not. They will not mix the two. Of course. Business is reported on personal you are the pg. personal guarantor. If no AF. That's about as high as their regular cards go. What you can do. First. Asked to be upgraded to a venture card. After then you can get the high limits you seek. I'm just guessing it's a regular platinum you have. Or try the platinum prestige from cap one. Ask yo be upgraded. And they will give you the high limits.
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