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Question about Capital One and multiple accounts

Established Contributor

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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Message 1 of 18
17 REPLIES
Valued Contributor

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.????????Smiley Surprised

Message 2 of 18
Established Contributor

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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Message 3 of 18
Valued Contributor

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

Message 4 of 18
New Member

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.

Message 5 of 18
Frequent Contributor

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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My favorite card right now: Fidelity Investment Rewards Visa Signature
Message 6 of 18
Regular Contributor

Re: Question about Capital One and multiple accounts

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

Message 7 of 18
Frequent Contributor

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: Fidelity Investment Rewards Visa Signature
Message 8 of 18
Frequent Contributor

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......Smiley Sad

Starting Score: Mid 500's
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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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Message 9 of 18
Valued Contributor

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. 

Try not to become a man of success but rather to become a man of value
Albert Einstein 1879 - 1955

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Message 10 of 18