Credit Cards

[Viper786]

So my dad got the Capital One cash rewards (that green card) about 3 or 4 months ago and his starting limit was $2000. He just got an auto CLI of $500 in his last statement.

This makes me angry considering I have had my capital one since 2005 and have never had a late payment on it but it's stuck at $500! Oh well, it has no annual fee and 10.9% APR so I'll leave it sock drawered. 

[Elcid89]

IIRC, their $300 / $500 starter cards never go above $500. You have to, again IIRC, close the card and apply for a new one. I don't have a card from them, so I could be wrong about that, but I seem to recall having heard that more than once on here.

[Viper786]

It is my oldest card so I don't think i'm going to shut it down anytime soon. I have heard that too. It started at $200 (I was 18 when I got it) and went up to 500 after a couple of months and has been stuck there since.

[jnkp2001]

same here.  But mine is stuck at 750.  I tried to get a CLI, but was denied and told I'd get an explanation in the mail.  called  cs and they told me they didn't know why either,  No wonder they call it crap!....lol

[jnkp2001]

what is IIRC? 

[Viper786]

IIRC = if I recall correct

[jsucool76]

That is a credit steps CLI. He most likely had the card 6 months. All of their subprime cards get an auto CLI after 6 months if you make all of your payments on time.

[clocktick]

Yes, credit steps with the new card.  Having the card a while - not likely for sudden CLI.  Possible...but not likely at all.

[LS2982]

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clocktick wrote:

Yes, credit steps with the new card.  Having the card a while - not likely for sudden CLI.  Possible...but not likely at all.

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I agree, very very rere indeed.

[collinsridge]

Do you think Crapital One will ever lift this whole never give a CLI policy? I mean it has to change. They're losing customers because of it! They have to see it.