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I Went Against What Everyone Has Suggested...

Frequent Contributor

I Went Against What Everyone Has Suggested...

And I applied for and got a CrapOne card. They gave me the lowest limit I have EVER received. $300. That is incredibly stingy. I'm reading posts from months ago about them not reporting your limit to the CRAs. Is this still the case? Do I have to let a large balance get reported and then make a payment - then start getting my low balance utilization reported? If this is still the case, then I'm going to just not even bother with them.
Time is credit's best friend...it can heal any wound.
Message 1 of 14
13 REPLIES
Regular Contributor

Re: I Went Against What Everyone Has Suggested...



TheCynicalOne wrote:
And I applied for and got a CrapOne card. They gave me the lowest limit I have EVER received. $300. That is incredibly stingy. I'm reading posts from months ago about them not reporting your limit to the CRAs. Is this still the case? Do I have to let a large balance get reported and then make a payment - then start getting my low balance utilization reported? If this is still the case, then I'm going to just not even bother with them.


CrapOne. I love that name. hahahahah. Anyway, I had them as my VERY FIRST cc. It was ok, but I hate them with a passion now. Smiley Happy

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EX - 677 | EQ - 714 | TU - 724 as of December 4, 2013.
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CC - Bank Of Hawaii - Hawaiian Airlines - $1500 / AMEX - Costco - $1200 (Nov '13) / Discover IT - $1200 / Aloha Pacific Credit Union - $3000 / AMEX - Blue - $6500 (authorized user) / Chase - CSP - $5000 (Dec '13)
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Closed Accounts - AMEX Platinum.
Message 2 of 14
Established Contributor

Re: I Went Against What Everyone Has Suggested...

they are reporting credit limits now. Also wait a couple months, after ontime payments call the backdoor number and request a cli.
Message 3 of 14
Frequent Contributor

Re: I Went Against What Everyone Has Suggested...

I called them five minutes after opening the envelope and the automated system said I wasn't eligible for loc increases, so I'll do what you suggest and wait a few months. When did they start reporting limits? I'm so slow on the uptake.
Time is credit's best friend...it can heal any wound.
Message 4 of 14
Established Contributor

Re: I Went Against What Everyone Has Suggested...

Oh there arent that bad! Give it time they will move up your cl and then you can start asking for cli's 6 months. The cs is great!
Message 5 of 14
Established Contributor

Re: I Went Against What Everyone Has Suggested...

Ewwwww $300
 
I would chop that card b4 I even read $300 lmao
Message 6 of 14
New Contributor

Re: I Went Against What Everyone Has Suggested...

Other than have the lowest CL of any card I possess, they are the only company I know who reward excellent customers with 1.99% lifetime balance transfers. BTW, Barclay's (Juniper) is send out 7.99% lifetime offers to qualifying customers.
Message 7 of 14
Senior Contributor

Re: I Went Against What Everyone Has Suggested...

Cynic, they started reporting limits back in September.
"Never ever, ever be late. Never" (FUTR)
Message 8 of 14
Valued Contributor

Re: I Went Against What Everyone Has Suggested...



TheCynicalOne wrote:
And I applied for and got a CrapOne card. They gave me the lowest limit I have EVER received. $300. That is incredibly stingy. I'm reading posts from months ago about them not reporting your limit to the CRAs. Is this still the case? Do I have to let a large balance get reported and then make a payment - then start getting my low balance utilization reported? If this is still the case, then I'm going to just not even bother with them.


By your third bill you should have a $500 limit and by the 11th month a 2k one automatically.  Keep it clean and they will waive the AF if you ask next year.  Open another card (no fee preferable) a little down the line, let the CL 'step' up, and you can have the new CLs combined.
 
Don't be hatin' on my Cap1!  Seriously, they have come a looooong way in the past year.  They report fast and to all 3... and as you read they do report your CL.
 
Just don't ever screw up with them.... they are still the same in the lack of GW.
EQ 787 EX 781 TU 737 11/17/07 *** I am not an attorney. If I was, I might not clip coupons. If you want legal advice, consult an attorney. If you want my personal opinion, feel free to consider my posts***
Message 9 of 14
Frequent Contributor

Re: I Went Against What Everyone Has Suggested...

If you ever travel internationally, take your CapOne, they have the lowest FOREX fees ( 1%). Chase, Citi and Juniper/Barclays are 3% (at least according to my T&C on those cards).
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Hello, my name is, "PenguinGeek," and it's been 9 months since my last cc app and my score is now 34 points higher than when I app'd.
Message 10 of 14