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Capital One Credit Lines - Anyone have a large one?

Senior Contributor

Re: Capital One Credit Lines - Anyone have a large one?

 


Duke-of-Earl wrote:

And while I'm multi-posting here, I'll take the opportunity to ask a dumb question.  Translation request:  what exactly does  " +1 "  mean?  Something like "right on" or "thumbs up", apparently from the usage, but why the +1?  Brings "one-up" to my mind, which doesn't fit the way it's used, nor the philosophy of this board.


+1 means I agree with this posters opion.   In orders words add 1 more vote for that point of view.

 

Message 31 of 40
Regular Contributor

Re: Capital One Credit Lines - Anyone have a large one?

 


Wolf3 wrote:

 


Duke-of-Earl wrote:

And while I'm multi-posting here, I'll take the opportunity to ask a dumb question.  Translation request:  what exactly does  " +1 "  mean?  Something like "right on" or "thumbs up", apparently from the usage, but why the +1?  Brings "one-up" to my mind, which doesn't fit the way it's used, nor the philosophy of this board.


+1 means I agree with this posters opion.   In orders words add 1 more vote for that point of view.

 


 

+1

 

Thanks.


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Message 32 of 40
New Contributor

Re: Capital One Credit Lines - Anyone have a large one?

my dad personal card 1200

business card 43500

go figure ...

starting score 549
current score 702 TU , 708 EQ, EX ??
goal score 740

Message 33 of 40
Valued Contributor

Re: Capital One Credit Lines - Anyone have a large one?

Five figures for me, but it's a business card.

Message 34 of 40
Frequent Contributor

Re: Capital One Credit Lines - Anyone have a large one?

i been 1500 for long time [edited] capital one Smiley Sad

Message 35 of 40
Regular Contributor

Re: Capital One Credit Lines - Anyone have a large one?

Applied for a CapOne MasterCard exactly a year ago because we were planning a trip to Rome & wanted a card that didn't charge FX transaction fees.

 

App was approved - starting CL was (& still is) $20K.

Message 36 of 40
New Member

Re: Capital One Credit Lines - Anyone have a large one?

 

Sorry for necroposting on this thread. My Capital One No Hassle Cashback (the one with no annual fee) was approved in Aug. 2010 with an initial CL of $7500. I have two other accounts in excellent standing and an EX score in the mid 760s.I thought that was rather generous. I don't think I'll ever utilize the card more than 5% of my current CL.


Duke-of-Earl wrote:

   I know the orthodoxy on this forum is 9% util is OK, but I've had negative impacts in going from 1% to 2%, so I try to keep my util below 5%.  For the $9,700 CL on my Cap 1 card, I don't want any balance reported above $485.  Not much.

 


Duke, I would agree with you. However, I've talked to Chase recently, and they told me they wanted to see more utilization (see other thread). The were not impressed by my 3% utilization (monthly balance of $600ish as compared to total CL of all cards $20,000) when they rejected me for a Freedom card recently. Yes, you heard that right! They wanted to see big balances. I take the liberty to IGNORE their advise and rather not rack up such balances.

 

Message 37 of 40
Moderator Emeritus

Re: Capital One Credit Lines - Anyone have a large one?

 


spezi wrote:

 

Sorry for necroposting on this thread. My Capital One No Hassle Cashback (the one with no annual fee) was approved in Aug. 2010 with an initial CL of $7500. I have two other accounts in excellent standing and an EX score in the mid 760s.I thought that was rather generous. I don't think I'll ever utilize the card more than 5% of my current CL.



Duke, I would agree with you. However, I've talked to Chase recently, and they told me they wanted to see more utilization (see other thread). The were not impressed by my 3% utilization (monthly balance of $600ish as compared to total CL of all cards $20,000) when they rejected me for a Freedom card recently. Yes, you heard that right! They wanted to see big balances. I take the liberty to IGNORE their advise and rather not rack up such balances.

 


I believe that is a very smart move on your part. Chase is probably hoping you wouldn't be able to pay off larger balances in full which means interest charges for them.

 

 

 

 

From a BK years ago to:
EX - 9/09 pulled by lender 802
EQ - 7/06-663, 3/10-800
TU - 8/10-772
You can do the same thing with hard work


Message 38 of 40
Valued Member

Re: Capital One Credit Lines - Anyone have a large one?

My husband's Cap One card had a 10K limit. It's his oldest card if I'm not mistaken; he's had it for over 10 years. I said had a 10K limit because they just reduced to 7500 late last year. He used the card for our honeymoon. I think they freaked out at the usage and cut his limit... Even after paying the balance within 2 months. Go figure.


Starting Score: (5/25/10) TU: 599, EQ: 592, EX: 566
Current Score: (9/24/10) TU FICO: 619, EQ FICO: 611, EX (Plus Score as of 9/23/10) 650
Goal Score: 700 and beyond!


Message 39 of 40
New Member

Re: Capital One Credit Lines - Anyone have a large one?

My four year-old Capital One card was increased from 1,500 to 5,500 about a year ago -- out of the blue.

Oddly, the same week my Chase card was reduced from 2,500 to 1,700 for not using it enough...

Message 40 of 40