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? for anyone that had a Capital 1 increase

Senior Contributor

Re: ? for anyone that had a Capital 1 increase

Well... Paying interest doesn't help your credit, BUT it does pad a creditors coffers..
So it is reasonable to assume that banks like to make money...
I got my first Cap One in '06.. $300 limit, then $500, then $1,000, then $1,300.. Last cli was in Sept of 2008. . Reflecting back on it though, I always had high util. I've paid that card off sooooo many damn times, it's redic and STILL no CLI. GR!
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Message 11 of 16
Valued Contributor

Re: ? for anyone that had a Capital 1 increase

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. 

Starting a whole new chapter
Message 12 of 16
Senior Contributor

Re: ? for anyone that had a Capital 1 increase

It was my first card too... It's weird... Personally,Ive seeb super high limits with Cap One... And then a s*** ton of low limit ones. Not many in-betweens... Like $3-5k. Lol hm
I did get mine pc'ed though hehehe!
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Message 13 of 16
Established Member

Re: ? for anyone that had a Capital 1 increase

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........

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

Capital 1 Platinum Rewards Opened 10/2011 - 4,500 CL, $3 balance
Message 14 of 16
Super Contributor

Re: ? for anyone that had a Capital 1 increase

You either hear the hate for cap one or the love. They can't seem to make people only 'like' them Smiley Happy




Message 15 of 16
Valued Contributor

Re: ? for anyone that had a Capital 1 increase


CS800 wrote:

You either hear the hate for cap one or the love. They can't seem to make people only 'like' them Smiley Happy


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.

 

As of 2017, rebuilding...
Message 16 of 16