09-24-2012 03:27 PM
09-24-2012 04:09 PM
I doubt it has anything to do with paying interest but more to do with age of accounts and changes to credit. When I first opened a card with Capital One (2004) I had NO credit. Over the years my credit was on a roller coaster, up and down, up and down. Last year I decided to change it for good and keep focused on it. When I first asked Capital One for a CLI on ANY of my 3 cards I got the usual answer that no offers were available.
Originally, I just cancelled all of the cards. Then I was pissed that now that I was a very "Prime" customer I was still being treated lower than "sub-prime" so I wrote the executives, including the CEO. That is how I ended up with a $10,000 credit limit (keep in mind that they are now refusing a PC into ANY kind of rewards card so it'll probably end up closed again).
Capital One may one day be a good all inclusive credit card company but right now unless you get in when you are prime they will never treat you like it IMO.
09-24-2012 04:13 PM
09-25-2012 08:33 AM
Thanks everyone. I was wondering why I cant get a credit limit increase. Never paid any interest on my credit card and want a higher limit so I can stop paying every couple of weeks to just once a month. I was thinking they only like to give CLI to the ones that pay interest so they can make more money. Just a thought I had........
09-25-2012 10:39 AM
You either hear the hate for cap one or the love. They can't seem to make people only 'like' them
Well I can appreciate Capital One for paving the way for my credit future by giving me my first credit card when no one else would...but it's hard to love a company who doesn't grow with their customers.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.