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? for anyone that had a Capital 1 increase

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jacksonvillejaguar
Established Member

? for anyone that had a Capital 1 increase

Do you guys pay/paid interest on your credit card?

4/20/2012 FICO Equifax - 628, Transunion - 661

Capital 1 Platinum Rewards Opened 10/2011 - 4,500 CL, $3 balance
Message 1 of 16
15 REPLIES 15
LS2982
Mega Contributor

Re: ? for anyone that had a Capital 1 increase

I would say it YMMV, the ones who get the increases are generally the ones who have held the account for years and years with a small limit, but there are exceptions.



EQ FICO 548 3/3/16
Message 2 of 16
armbenderc
Valued Contributor

Re: ? for anyone that had a Capital 1 increase


@jacksonvillejaguar wrote:

Do you guys pay/paid interest on your credit card?


Wife got a cap1 platinum mastercard, her starting CL was 600. In one year, her CL is 1.6k, however she carry a balance of 60-70% util all the time. She paid more than min payment. I spoke to her many, many time about carrying that high util.

 

Anyway, I took the CC from her until she paid it all off. Smiley Very Happy

 

2013 Approvals: Discover IT - 3/1, Amex BCE - 3/4, CSP - 5/4, Barclay Ring - 6/12, BoA Privileges Cash - 6/27, Citi TY Preferred - 8/6, OCCU Duck - 11/4, USBank (Cash+) - 11/22, Wells Fargo - 12/21, Nordstrom - 12/29

12/19/2013, $100k+ Available Credit. Total Util: 0-1%
Message 3 of 16
lithium78
Established Contributor

Re: ? for anyone that had a Capital 1 increase

My card went from $300 to $500 after three months and then jumped to $1800 after a year and remained there ever since.  During the period from opening the account to the $1800 jump I carried a decent balance on it every month.  I haven't carried a balance since then and I haven't gotten any CLIs, but I don't know if correlation = causation.


Starting Score: TU: 566
Current Score: TU: 741 (Discover FICO); EQ: 755 (MyFico) EX: 774 (FAKO)
Goal Score: 800

Take the FICO Fitness Challenge
Message 4 of 16
LS2982
Mega Contributor

Re: ? for anyone that had a Capital 1 increase


@armbenderc wrote:

@jacksonvillejaguar wrote:

Do you guys pay/paid interest on your credit card?


Wife got a cap1 platinum mastercard, her starting CL was 600. In one year, her CL is 1.6k, however she carry a balance of 60-70% util all the time. She paid more than min payment. I spoke to her many, many time about carrying that high util.

 

Anyway, I took the CC from her until she paid it all off. Smiley Very Happy

 


Smiley Surprised

 

Smiley Very Happy

 




EQ FICO 548 3/3/16
Message 5 of 16
Wolf3
Senior Contributor

Re: ? for anyone that had a Capital 1 increase


@jacksonvillejaguar wrote:

Do you guys pay/paid interest on your credit card?


I rarely pay interest on any CC.   I have CLI on 3 Capital One cards, and I have never paid any interest on them.  

 

I don't think paying interest ever helps your credit, it only costs you money.    

 

Message 6 of 16
LS2982
Mega Contributor

Re: ? for anyone that had a Capital 1 increase


@Wolf3 wrote:

@jacksonvillejaguar wrote:

Do you guys pay/paid interest on your credit card?


I rarely pay interest on any CC.   I have CLI on 3 Capital One cards, and I have never paid any interest on them.  

 

I don't think paying interest ever helps your credit, it only costs you money.    

 


Totally agree!!! Smiley Happy

 




EQ FICO 548 3/3/16
Message 7 of 16
darkpearl
Regular Contributor

Re: ? for anyone that had a Capital 1 increase

I just got a $500 CLI from Cap1 and always PIF




Message 8 of 16
jsucool76
Super Contributor

Re: ? for anyone that had a Capital 1 increase


@darkpearl wrote:

I just got a $500 CLI from Cap1 and always PIF


That sounds like a credit step CLI...

 

6th statement? 

Message 9 of 16
darkpearl
Regular Contributor

Re: ? for anyone that had a Capital 1 increase

Yeah, I'm still amused by that if it really is true. No negatives ever, not even my first credit card. Oh, Cap 1...




Message 10 of 16
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