07-01-2013 01:07 PM
Has anyone tried the online form and gotten a hard pull? I know it says that it won't impact your credit score, but who really knows for sure...
07-01-2013 01:44 PM - edited 07-01-2013 01:48 PM
My letter showed it was a soft pull from Equifax from 05/28. I started with this card way back in 2004 and have had a 500 limit since opening it. The denial letter from them is showing that my actual credit score was 671 at the time that the soft pull was done and my fico is currently 702. I have carried a balance on this card for the last couple of years and just paid the monthly payment being I was thinking it would help to show I have a constant payment history. Well, I guess I was wrong and I am being punished by paying my minimum payments with them and I PIF all my other cards.
Here is what the letter said:
"You recently requested a credit line increase for your Capital One account. Unfortunately your account isn't eligible right now. We know this isn't the answer you were hoping for and we want to help you under stand why:
*Your average monthly payment has been too low"
Seriously? Well, I guess I am going to PIF this card and sock drawer it this month. I have other cards that I would rather give the interest too than a card that will not even move me after 9 years of on time never over limit payments.
I cannot say enough good about the Barclay Card I have. Hit the luv button on the website the other day and tripled my previous limit instantly. All it asked for was my income, employer name, how long I have been at my job, and the increase I was requesting. I figured that tripling my limit would be enough but maybe I should have asked for more.
07-01-2013 04:36 PM
Just got my "Sorry but we dont give your type of account increases" letter today. Mine was a secured card, $600 limit, $500 of which is my own money. Open since June 2010. Never late, Never over the limit, PIF most months... Currently have about $450 on it, so I am carrying a balance ( for now ). Later this month I`ll be getting an insurance settlement and was going to PIF all of my CC debt ( $2600 ) and close 3 of my 6 cards ( after everyone reports a 0 balance ).
If anything, I guess I now know who just volunteered for one of those 3 slots and wants to meet the scissors first.
07-01-2013 05:52 PM
I also got the sorry your account isn't eligible message.. my reason was I had too many inquiries which I have around 10, 6 of which are related to car shopping and 2 of which related to mortgage shopping.
07-01-2013 06:02 PM
Hi everybody. I think I'm ready to get a sp CLi , is it better to go the EO route or is this lov button working?
Try the love button. If that doesn't work, go with the EO.
07-01-2013 06:09 PM
Have many had any luck?
My DD is an AU on the rebuilder card that I have with them. I was going to cancel it after I was approved for several prime cards, but since it's a rewards card and she needs to build her credit, I simply put her on and gave it to her to use. I just tried the "luv button" on that card, and they bumped it up $500, bringing it up ot $1250. Not a huge increase, but it's something so I took it.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.