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No idea why I waste my breath with Cap1

Super Contributor

Re: No idea why I waste my breath with Cap1

I have a $1100 CL with an APR of 9.85% so i would love the card to grow but stayed this limit since 2008. Always denied for a cli




Message 11 of 15
Established Contributor

Re: No idea why I waste my breath with Cap1

Ax that card.  You'll get your AF refund and done with them 4 good.  If they don't wave my AF in December I will be closing the account even though its my highest AOA it's time to move on for me and this sub prime joke.

 

BOA: 8.9k
CSP: 5k
Discover: 5k
Citi TY Preferd: 5k
Wally: 5k
JCP: 4.9k
citiForward: 4.7k
ChaseFreedom: 4.5k
DFS: 2k
Message 12 of 15
Senior Contributor

Re: No idea why I waste my breath with Cap1

I think around '08 is when my limit became stuck. Per the CARD Act, aren't they legally required to 'review' your account every six months? I wonder if a 'credit limit' is included in the terms that are required to be reviewed?
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Message 13 of 15
Senior Contributor

Re: No idea why I waste my breath with Cap1


LS2982 wrote:

Smiley Very Happy

 

Well I check my account todat and low and behold, a $39 AF is posted on my account. Two (2) representatives told me that this fee would post 8/31 and they would waive it after it posts.

 

Well the Sr. rep. waived the fee but now $39 reports on my CR's. It's really just the principal now to me. I should get accurate info.

 

Until I see a CLI this card will continue to be used for recurring charges, I hate having this low $750 card reporting.


Yeah, don't sweat it served a useful purpose, IME cs is uneven at cap1 at best. Have a no hassle rewards cap1 stuck at 750, it never had an AF and is a decade old- higher than my AAoA but lowest limit, 2nd lowest is an almost 7k Discover.

 

IIRC Avg CL is >12.5k even with my low limit cap1. Perhaps consider holding on to it if no AF and adds to age. It was a bit more bothersome with fewer TLs but now with the majority being 5 digits, including store cards, barely take notice and just use it intermittently to keep it active.

 

IMHO it only becomes somewhat problematic if stuck with a boat load of active low limit cards...one or two can be par for the course for re/building...still sorta wish had app for a cap1 cc for excellent credit and combined limits with the small limit cap1 (i.e. app and combine) a few years ago when they still allowed it; used to be the easiest way to beef up a low limit cap1 CL.

DCU EQ 5.0, Citi EQ 08 Bankcard, PenFed EX NG2
EX 08: AFCU, Amex, Chase, PSECU EX 98(?)
TU 08: Barclays, Discover
Message 14 of 15
Highlighted
Established Contributor

Re: No idea why I waste my breath with Cap1

Pay the af. If they told you they would credit it back, then they will on the next statement or two.

Starting scores 01/02/2012 EQ 707(Fico) TU 733(Fico)XP 735 (FAKO)
Updated scores 05/01/17 EQ 824, TU 812 EXP 810 (all Fico scores) Remember the Three P's: Pay early in Full, Pay on Time, Patience
Message 15 of 15