Super Contributor
Posts: 6,552
Registered: ‎04-07-2008

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

Established Contributor
Posts: 657
Registered: ‎06-27-2012

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
Senior Contributor
Posts: 6,242
Registered: ‎08-16-2012

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| Wmt Discover $12.5k | BR Visa $12.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Senior Contributor
Posts: 3,578
Registered: ‎01-10-2008

Re: No idea why I waste my breath with Cap1

[ Edited ]

LS2982 wrote:



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 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.

06/13 EX 765 (PSECU) EQ 771 (DCU) TU 779 (Barclays)
Established Contributor
Posts: 760
Registered: ‎02-11-2012

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) EXP 735 (FAKO)
Updated scores 06/01/2014 EQ 797(Fico) TU 768(Fico) EXP 769 (Fico), EQ 849 (Next Gen 5/27/14 Penfed)

Remember the Three P's: Pay early in Full, Pay on Time, Patience

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+