Since the addition of the "CL request button" on the Cap1 web site, has any1 attempted & received a large CLI on a prime level card?
I see, because when i read through the FAQ's tab, they (being Cap1) state that they are a conservative lender!!!!!
@L-TWT wrote:I see, because when i read through the FAQ's tab, they (being Cap1) state that they are a conservative lender!!!!!
Well, they are a bit strange. They are far from conservative at the initial app, they often grant credit to those that are rejected by all other reasonable lenders (e.g. not FP or Credit One).
The many complaints begin after that. They have given you a card and they see no need to give you a CLI even though your finances have improved greatly. So people want to be rewarded for their efforts (or just time passing!) and Capital One usually don't.
For other types of profile, they can be generous with their initial CLs. I have two Cap One cards, the initial CLs were $15K (1999) and $30K(2005). Which was nice. But they didn't get CLIs either till I finally asked the EO this year!
So they are conservative with existing card holders in the main, with the EO providing an override for many.
Thx, that was informative...so now if i so happen to get the urge i now know not to waste me time!