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.
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO