topic Re: Capital One Accidental Success in Credit Card Approvals

Capital One Accidental Success

1_2 — Tue, 22 Jul 2014 21:55:51 GMT

I've been closing out all my rebuilders. First Premier closet, then Credit One and finally Capital One. I had two accounts with Capital One. My oldest rebuilder which was secured for 1000.00 and a previous Orchard Bank turned Capital One card with a limit that was forever stuck at 500.00. I frequently hit the love button but NEVER was shown any love. Since I had no need for any card that cost me an AF and didnt pay me any rewards/cash back, I emailed Capital One EO a very nice letter thanking them for the opportunity they had given me. I told them honestly how much I appreciated them giving me a chance when no one else would. I also said that I hoped to someday be able to do business with them again. I mentioned that I visited their prequalify site monthly but was never prequalified. I explained that I did hope to someday qualify for a Quicksilver rewards card with them. I told them I have my mortgage with Chase, I have Amex BCE 9000.00 Barclay Mastercard 6,500.00 Walmart Discover 4,500, Discover IT 6,800.00 Citi THP 6,500.00 and finally Dillards that I just got with the shopping cart trick 1,500.00. I explained I love getting rewards/cash back and I while I do pay in full every month all of my cards a 500.00 limit just didnt work for me any more. Last week I got a call from the EO and spoke with a very nice young man who said he woudl be glad to close out my secured card and he would see if he could upgrade me to the Quicksilver. I was shocked and thanked him but told him unless I could have a useful limit it really wouldnt do much good so just go ahead and close both accounts. He asked my permission to look into it further which I gave as long as it was only a soft pull and he assurred me it would be. I had more or less forgotten about it when today he called me and told me my new Quicksilver card should arrive in 7 to 10 business day if I would accept a credit limit of 5,500.00. I was floored. Needless to say I gladly accepted. Yay. No more credit cards for me for a long, long time. I have all I need to get rewards for things I already have to buy/pay for and thats all I wanted. Anything my other cards wont give me rewards or cash back for, Quicksilver will at least give me 1.5%. I'm still shocked but very happy. I never dreamed Capital One would upgrade me or give me such a decent limit and do it all with a soft pull.

Re: Capital One Accidental Success

coldnmn — Tue, 22 Jul 2014 21:58:53 GMT

Congrats! Thanks for sharing.

Re: Capital One Accidental Success

destine2grow — Tue, 22 Jul 2014 22:02:51 GMT

Congrats!!

Re: Capital One Accidental Success

jim44 — Tue, 22 Jul 2014 22:03:31 GMT

Yes congrats! I've had good experiences with Capital One also. Well done!

Re: Capital One Accidental Success

1_2 — Tue, 22 Jul 2014 22:16:31 GMT

Thanks. I'm really, really surprised. I have tried countless times to get an increase using their love button online and had totally given up. The only reason I hadnt closed capital one before was because I could at least get my Equifax Fico score when they denied me a credit limit increase but three weeks ago when I last tried, I didnt even get that.

My email to them was sincere though. I really do appreciate the fact they gave me a chance when no one else would even if it was secured with my money. The way I saw it, they inherited me with the other card that had been Orchard and I probably woudlnt ever get a good card or limit with them. I didnt blame them at all. It wasnt their fault my credit ended up trashed. Even though I have rebuilt it now and have scores from 745 -769, they saw it when it was in the 500's. They knew it had been very bad. They opened the door for me to get the First Premier, Credit One and Orchard cards which all lead the way to getting my home and the prime cards I now have. Its long process but its finally paid off, even with the conservative Captial One.

Re: Capital One Accidental Success

MT936 — Tue, 22 Jul 2014 22:17:56 GMT

Congrats!

Re: Capital One Accidental Success

s_haliz — Tue, 22 Jul 2014 22:19:57 GMT

Congratulations!!!

You had demonstrated and proven that communication does matter. You had convinced them. I would not be surprised to see your limit to even higher in few months.

Re: Capital One Accidental Success

ExplicitElicit — Tue, 22 Jul 2014 22:24:10 GMT

Congrats, contacting the EO is always a good idea!

Re: Capital One Accidental Success

1_2 — Tue, 22 Jul 2014 22:27:37 GMT

Wow, thank you. I hadnt even thought about getting a credit limit increase yet. The young man gave me his name and extension number as well which I doubt I will ever use but I will keep it just in case. It seems he might have mentioned something about an increase in 6 months but I'm not positive. I was too excited and at work. I had to try to remaim calm, lol. I didnt want to ask many questions with co workers within ear shot.

Re: Capital One Accidental Success

gdale6 — Tue, 22 Jul 2014 22:34:26 GMT

Nicely done OP, grats

Re: Capital One Accidental Success

-Wade- — Wed, 23 Jul 2014 00:43:30 GMT

@1_2 wrote:
I've been closing out all my rebuilders. First Premier closet, then Credit One and finally Capital One. I had two accounts with Capital One. My oldest rebuilder which was secured for 1000.00 and a previous Orchard Bank turned Capital One card with a limit that was forever stuck at 500.00. I frequently hit the love button but NEVER was shown any love. Since I had no need for any card that cost me an AF and didnt pay me any rewards/cash back, I emailed Capital One EO a very nice letter thanking them for the opportunity they had given me. I told them honestly how much I appreciated them giving me a chance when no one else would. I also said that I hoped to someday be able to do business with them again. I mentioned that I visited their prequalify site monthly but was never prequalified. I explained that I did hope to someday qualify for a Quicksilver rewards card with them. I told them I have my mortgage with Chase, I have Amex BCE 9000.00 Barclay Mastercard 6,500.00 Walmart Discover 4,500, Discover IT 6,800.00 Citi THP 6,500.00 and finally Dillards that I just got with the shopping cart trick 1,500.00. I explained I love getting rewards/cash back and I while I do pay in full every month all of my cards a 500.00 limit just didnt work for me any more. Last week I got a call from the EO and spoke with a very nice young man who said he woudl be glad to close out my secured card and he would see if he could upgrade me to the Quicksilver. I was shocked and thanked him but told him unless I could have a useful limit it really wouldnt do much good so just go ahead and close both accounts. He asked my permission to look into it further which I gave as long as it was only a soft pull and he assurred me it would be. I had more or less forgotten about it when today he called me and told me my new Quicksilver card should arrive in 7 to 10 business day if I would accept a credit limit of 5,500.00. I was floored. Needless to say I gladly accepted. Yay. No more credit cards for me for a long, long time. I have all I need to get rewards for things I already have to buy/pay for and thats all I wanted. Anything my other cards wont give me rewards or cash back for, Quicksilver will at least give me 1.5%. I'm still shocked but very happy. I never dreamed Capital One would upgrade me or give me such a decent limit and do it all with a soft pull.

Congrats on your success

Re: Capital One Accidental Success

MissMoni223 — Wed, 23 Jul 2014 00:55:11 GMT

CONGRATS on your success with Capital One!!!

Re: Capital One Accidental Success

cluelessoregonguy — Wed, 23 Jul 2014 01:00:42 GMT

Nice1! Hope to parlay my Cap1 cards into a QS eventually as well.

Re: Capital One Accidental Success

alvon123 — Wed, 23 Jul 2014 01:11:07 GMT

congrats

Re: Capital One Accidental Success

Kenny — Wed, 23 Jul 2014 01:23:36 GMT

Congratulations on your CLI! Thanks for sharing.

Re: Capital One Accidental Success

Transmogrifying_Bee — Wed, 23 Jul 2014 05:02:38 GMT

WOW! Your communications with Capital One have certainly paid off. A nice card upgrade with a 1000% increase in credit being extended to you! Congratulations!

Re: Capital One Accidental Success

Forte747 — Wed, 23 Jul 2014 06:07:45 GMT

Congrats and thanks for sharing.

Re: Capital One Accidental Success

Tony275 — Wed, 23 Jul 2014 07:55:15 GMT

Great starting limit!