no cli! getting rid of my crap one asap!

[Anonymous]

Will do I will find out when my afvis hopefully its after my house closes

[vish1]

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@LS1 wrote:

This is just my view on it, no evidence to really support it, but it seems like the Cap 1 No Hassle/Platinum cards are builder cards and just that.  They're designed to not offer high CL's and have fair AF"s.  In my opinion, it's Cap 1's way of being able to cater to the rebuilding/building people such as myself and offer cards to people with not so desireable scores.  They do this as well as offer generally friendly customer service and decently laid out on-line account access.  

I would think that it would be easier to designate a couple of card 'classes' to being builder cards only and keeping them seperate from their 'prime' cards than to offer a No Hassle's card that can graduate to a 5 digit CL.  I think that because the builder cards are Cap One branded, and Cap One offers prime cards, people get more upset with them for not granting higher CL's as easily on the NH and Plat. cards... basically that they won't 'graduate' a builder card to a prime card.

Again, that's just my opinion and really has no merit  I can see why you would be upset with them for not offering a new card without another hard pull but I'm sure there are many people here on the boards that started out with low scores who are in the 700/800's club now and had to go through several hard pulls as they went from builder to prime time status.

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I totally agree with your point. The thing I hate most about cap1 is they always pull all 3 for every card.

[Anonymous]

I don't understand why they are the way they are with their credit cards.  i really like their auto loans, but that is for another forum.

[vish1]

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@Anonymous wrote:

I don't understand why they are the way they are with their credit cards.  i really like their auto loans, but that is for another forum.

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IMO every bank caters to or targets different customers and have their own strategy of running business. Trust me, when I had no credit. Just a secured card 1 month old, only cap 1 gave me a unsecured card with 500 $ CL and I was really happy. I don't want to bank with cap1 anymore but I realized its about card user profiles they are targeting.

ps: my thoughts don't include their prime cards.

[JaseT]

I got my Cap 1 Rewards Plat card last May. It hit $750 CL and hasn't changed since...I doubt it ever will considering what I've read. It has a $39 AF, but the cash rewards more than pay for that. I'll probably just keep it open for awhile. I am interested in obtaining the Cap 1 Venture card (no AF version) but will wait on that since they pull all 3 CRA's and I don't need anymore INQ right now.

[Anonymous]

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@JaseT wrote:

I got my Cap 1 Rewards Plat card last May. It hit $750 CL and hasn't changed since...I doubt it ever will considering what I've read. It has a $39 AF, but the cash rewards more than pay for that. I'll probably just keep it open for awhile. I am interested in obtaining the Cap 1 Venture card (no AF version) but will wait on that since they pull all 3 CRA's and I don't need anymore INQ right now.

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Your scores are way too good to be messing around with Cap 1 IMHO

[JaseT]

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@Anonymous wrote:

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@JaseT wrote:

I got my Cap 1 Rewards Plat card last May. It hit $750 CL and hasn't changed since...I doubt it ever will considering what I've read. It has a $39 AF, but the cash rewards more than pay for that. I'll probably just keep it open for awhile. I am interested in obtaining the Cap 1 Venture card (no AF version) but will wait on that since they pull all 3 CRA's and I don't need anymore INQ right now.

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Your scores are way too good to be messing around with Cap 1 IMHO

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Their Venture card is good when traveling outside the USA as it's FTF-Free. 

[clocktick]

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@JaseT wrote:

Their Venture card is good when traveling outside the USA as it's FTF-Free. 

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Very true!  Their other ones are too.  Wanted to add that my AF Cap One card has more than paid for itself as well.

(Although I still have solid plans to close it and reapply for one without an AF)

[tinuviel]

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@clocktick wrote:

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@JaseT wrote:

Their Venture card is good when traveling outside the USA as it's FTF-Free. 

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Very true!  Their other ones are too.  Wanted to add that my AF Cap One card has more than paid for itself as well.

(Although I still have solid plans to close it and reapply for one without an AF)

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+1

[DI]

I just got off the phone with a Capital One supervisor to close my account.  Ultimately, I've decide to keep it open for a few more months.  The supervisor said back in 2008 non of its customers were getting CLIs due to the economy.  He said back in December they started reviewing some card members accounts for  CLI s due to the economy rebounding.  He couldn't give me an exact time-frame, but said soon the sytem will open up to review all cardmembers accounts for CLIs, and not just the cardmembers who are  on the credit step program.

The reason why Cap One went into a credit freeze, that started in 2008, was due to many cardmembers defaulting on their account.  He said he was receiving 10-20 collection accounts per week.  Now that Cap One made the changes they're default rate has dropped significantly.  He now says he only receive about 4 collection accounts per month. 

So, if you have a Cap One account that has a low CL, and doesn't seem like you're not going to get a CLI, just wait a few more months.