Hi,
Let me tell why trying to play hardball with cap 1 might not work. I had filed bankruptcy back in '97. I got sloppy and had a 30 day late on one and somehow a 60 day late on the other. My laziness continued as I didn't check my interest rate until a few months later and happened to glance when I saw the rate was a beautiful 25.9%. I had heard that if you call and ask them to reduce your rate they may do so. So I called and asked them to please lower the rate or close my account (thinking that they would want to keep me as a loyal customer) I thought they would rather keep me as a customer but when I asked, the women, with blinking an eye lash or asking a supervisor kindly and quickly said "We'll just go ahead and close your accounts" and I was like "really" so they don't value their clients as much as you would think. I closed them and paid them off not being late once. Now here is the kicker. I kept receiving "you've been pre-approved for a new Cap 1 card and here is what i did. I took all of their junk and stuffed in back in the envelope, and where they ask for a signature I had signed"Never again will I do business with your company ever *%$#@% again. It took them 6 months to finally get the message and took me off their mailing list.
On a side note had read a great article in the Washington Post newspaper on credit reports. The article stated that if a credit card company does not post your credit limit on the credit report, what ever the balance is the creditors assume the card is maxed out 100%. So you can never have that 30% balance to limit ratio thus hurting your credit scores. Every time I pull someone's credit (yes I'm a Loan officer) Capital One does it every single time, they NEVER post your limit. I've seen Chase do it one time and no one else is guilty of this. I tell everyone of my clients to call Cap one and demand that they post your their limit(s) on the reports. Everyone else does! So, I wish you good luck with trying them to get to do anything for you.
(Just fixed everything so the first post had all the content! - Raine)
Message Edited by Raine on 04-18-2007 10:11 AM