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Contributor
Roxlie
Posts: 81
Registered: ‎05-02-2008
0

No Cap One CLI for me..

I've had a Cap One Platinum card for 17 months now. It was opened with a $500 CL 16.99%. Last month I called to ask about a CLI and the guy said although I've had a perfect payment record they couldn't approve it. He couldn't even say why cause it looked fine to him. We talked for nearly 30 minutes and he told me it's not a rebuilder card, it's a step above that. I think he was as confused as I was. After the call I called the backdoor # and tried again..same response as before. So I went online and applied for another card and was instantly approved for a $500 CL 0% for 6 months then 8.99% after that. So, I'm in the process of combining those cards now. I was going to keep the card I got in Jan 07 for the age but decided that the 8.99% is better than the 16.99. I just can't understand why they couldn't approve a CLI but offered me another card with a way lower interest rate. This card came with a flyer for the credit steps program saying after 3 consecutive payments they will auto CLI. I guess we'll see.
Frequent Contributor
shyboy
Posts: 378
Registered: ‎08-01-2007
0

Re: No Cap One CLI for me..

well i'll tell you one thing is that they want you to have multiply cards with them so they can charge you more interest and possible annual fees. that what i think.
-------------------------------------------------------------------------------------------------Getting back in the credit game after major setbacks
Contributor
Roxlie
Posts: 81
Registered: ‎05-02-2008
0

Re: No Cap One CLI for me..

That could well be, but they are allowing me to combine them..so there goes the AF and almost 2x the interest. It's very strange...if I don't get the auto CLI on the 4th statement I'll have to call them again.
Regular Contributor
codeman5022
Posts: 127
Registered: ‎05-16-2008
0

Re: No Cap One CLI for me..

lets say you have a cap one card and they wont give you a cli so you get another cap one card and combine them to basically force the cli. I wonder if you could do this every six months(basically when the 0% apr stops) and just keep getting your limit up that way. would probably screw up your FICO score tho - hmmm
Contributor
techno-pagan
Posts: 98
Registered: ‎02-28-2008
0

Re: No Cap One CLI for me..

I just kicked Cap 1 to the curb for the exact same reason.

When I called to cancel (I requested the CLI in Feb) they went over the same things - you pay on time, you are a good customer, yada, yada, yada.

When they asked why I was canceling I told them the card was useless with a $500 limit.

Still no CLI - CLOSED!
TU (3/30/09): 771
EQ (3/30/09): 751
EX (5/19/08): 715
Valued Member
IvoH
Posts: 25
Registered: ‎06-04-2008
0

Re: No Cap One CLI for me..

you will screw it up because you open to many credit lines or for another reason?
Contributor
Roxlie
Posts: 81
Registered: ‎05-02-2008
0

Re: No Cap One CLI for me..

Wow Techno..and your scores are about 60-70 points higher than mine..I guess I shouldn't hold out much hope for a CLI in the next few months. Does anyone know if the Credit Steps program is a guaranteed increase?
Moderator Emeritus
cheddar
Posts: 6,794
Registered: ‎09-29-2007
0

Re: No Cap One CLI for me..



Roxlie wrote:
Wow Techno..and your scores are about 60-70 points higher than mine..I guess I shouldn't hold out much hope for a CLI in the next few months. Does anyone know if the Credit Steps program is a guaranteed increase?

Yes, it's guaranteed as long as you use your card, don't pay late, and don't go over the limit.
 
Mine showed up on my fifth statement.

 
----------------------------
App free since 7/11/08.
TU 744 / EX 710 / EQ 694 (Starting to slip. :smileysurprised: )
Established Contributor
PurpleHaze
Posts: 717
Registered: ‎03-05-2008
0

Re: No Cap One CLI for me..

         From what I have read from those here who have a card in credit steps the answer is a
         resounding YES!   However, you MUST make your payments on time.
 
 

Roxlie wrote:
Wow Techno..and your scores are about 60-70 points higher than mine..I guess I shouldn't hold out much hope for a CLI in the next few months. Does anyone know if the Credit Steps program is a guaranteed increase?



Starting Score: EQ: 633 (12/31/09) TU: 651 (12/31/09)
Current Score: EQ:633 TU: 651
Goal Score: EQ: 700 TU:700


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Contributor
Roxlie
Posts: 81
Registered: ‎05-02-2008
0

Re: No Cap One CLI for me..

Okay good to hear. I make all my payments on time so I'll be looking forward to it then. Maybe I'll wait another month in case it doesn't come on the 4th statement.

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