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Established Contributor
Posts: 786
Registered: ‎09-15-2008
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Question about Capital One and multiple accounts

How are they with credit limits when you open more then one or two accounts...or at least, what was / is your experience? They mysteriously raised my limit on my first one from $300 to $1000. I applied for another one and they gave me another $300 limit, which they have just raised to $500.


Starting Score: 454
Current Score: 690
Goal Score: 750


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Valued Contributor
Posts: 1,986
Registered: ‎08-17-2007
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Re: Question about Capital One and multiple accounts

I find them to be without reason.

 

I started out with 300 cl, 49.00 deposit and 49.00 a/f.

This was 8 years ago.

They sent me another card with 3500 cl, no fee in '07.

Sent back my deposit on the 300.

 

I combined cards using older date and they said they would waive

a/f which they did once, now they won't.

 

Then they upgraded my card to a rewards card. 

 

Then they raised my interest rate to 17.9     I am really confused and saddened thay they break their word.

 

What do you think.????????:smileysurprised:

Established Contributor
Posts: 786
Registered: ‎09-15-2008
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Re: Question about Capital One and multiple accounts

That's the thing. I have never had any issues with them so far.


Starting Score: 454
Current Score: 690
Goal Score: 750


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Valued Contributor
Posts: 1,986
Registered: ‎08-17-2007
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Re: Question about Capital One and multiple accounts

They are just so unpredictable.

 

They did help me after BK which fell off last year.

 

I am left with rewards card at 5400 cl and the new

17.9 interest rate. 

 

All started with the 300 starter card.

 

I made a mistake when I combined them

New Member
Posts: 15
Registered: ‎08-04-2010
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Re: Question about Capital One and multiple accounts

Hi, I wanted to know why you think it was a mistake when you combined them? I got my first Cap one card in Feb 10, with a CL of $300. Was upgraded to $500 a month and a half ago. I just recently got approved for another Cap one card (this time rewards card) with a CL of $500. I was thinking of combining both so that I don't have so many open accounts everywhere. I currently have a NFCU (just got approved) Rewards CC with a $7,000 CL and a BB Rewards Zone Visa (Limit unknown as of yet). So I want to start consolidating soon.

Frequent Contributor
Posts: 421
Registered: ‎07-21-2010
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Re: Question about Capital One and multiple accounts

I was under the assumption that they do not combine cards anymore.  Can anyone confirm this?

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Regular Contributor
Posts: 204
Registered: ‎08-03-2010
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Re: Question about Capital One and multiple accounts

Do you know whether they still alllow you to combine cards?????

Frequent Contributor
Posts: 421
Registered: ‎07-21-2010
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Re: Question about Capital One and multiple accounts

I wanna know too, but I'm afraid to call.

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My favorite card right now: Barclays Priceline Visa Signature
Frequent Contributor
Posts: 268
Registered: ‎03-10-2009
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Re: Question about Capital One and multiple accounts

I have had my Cap1 card for about a month now.  I am in the steps program, my card is a rewards card.  My initial CL is $500, I was informed that my CL will max at $1500 as long as I pay on time and not go over the limit. 

 

Should I try for a second card?  My scores are not that great but I did just get this Cap1 card.  (Cards I have are; Cap1 $500 cl....Jared $2400 cl...Credit One $850. cl....Firestone $1500 cl....Orchard  $400 cl....Best Buy MC $300. cl....Chevron $300 cl.....)

 

Small balances on about 4 of these cards.....score is at a stand still......:smileysad:

Starting Score: Mid 500's
EQ-663 TU-686 EXP-698
Goal Score:750+

NavChek $15,000/NFCU nRewards Visa $12,000/American Express Rewards Gold NPSL/USAA Rewards World Mastercard $7000/USAA Visa Platinum $7000/Barclay $3900/Credit Union Visa $5000/Jareds $7600/BofA Visa $4000/USAA MC $1500/Walmart $1200//Amazon $1000/Discover Card $750/Cap1 $2250.







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Valued Contributor
Posts: 1,278
Registered: ‎06-01-2007
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Re: Question about Capital One and multiple accounts

I have three Cap1 cards. All stuck with the initial limits and no hope to get them raised. I would close them but I am waiting for my newer cards to mature first. 

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