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Senior Contributor
youngandcreditwrthy
Posts: 6,232
Registered: ‎08-16-2012
0

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| Wmt Discover $12.5k | BR Visa $12.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $5k| West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Established Contributor
sccredit
Posts: 858
Registered: ‎09-14-2012
0

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. 

Unsecured Credit: Amex BCP $24,900; Chase Sapphire Preferred $24,200; Discover It $12,500; Chase Ink Cash $15,000; Chase Slate $13,500; Citi TYP $12,900; Amex SPG Biz $3,000; US Bank Platinum $8,600; DCU Visa $10,000; Logix FCU $15,000; Citi Home Depot $8,800; Lowes $5,000; Care Credit $6,000; Penfed Platinum Sig $16,000; Barclay Arrival Plus WEMC $5,000; Bank of America World Points Business Visa $8,000; US Bank PLOC Overdraft $1,500; US Bank Edge Rewards Business $10,000; PenFed PLOC $5,000

Senior Contributor
youngandcreditwrthy
Posts: 6,232
Registered: ‎08-16-2012
0

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| Wmt Discover $12.5k | BR Visa $12.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $5k| West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Established Member
jacksonvillejaguar
Posts: 23
Registered: ‎04-14-2012
0

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 Secured Card Opened 5/2010 - 3,000 CL, $3 balance
Capital 1 Platium Rewards Opened 10/2011 - 3,000 CL, $3 balance
Super Contributor
CS800
Posts: 6,548
Registered: ‎04-07-2008
0

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 :smileyhappy:




Valued Contributor
maiden_girl
Posts: 2,102
Registered: ‎12-29-2011
0

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 :smileyhappy:


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.

 

The truth is out there...
FICO scores: 764 (EQ) 732 (EX) 757 (TU) 9/14 | Goal score: 750+ (all 3)
Tradelines: Capital One QS NPSL (5.0k) | Discover IT (6.0k) | Walmart Mastercard (5.0k) | Chase Freedom NPSL (7.3k) | Citi Simplicity (9.3k)







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