topic Re: UPDATED: One CL increase just granted. Possible to increase the rest, too? in Credit Card Approvals

UPDATED: One CL increase just granted. Possible to increase the rest, too?

StriderM99 — Sun, 03 Feb 2013 16:25:46 GMT

Quick background info...

I have 3 credit cards.

Discover Escape- opened with $5200 CL Jan/2012 - Increased to $10,000 Jan/2013 by request

Chase Freedom- opened with $3500 CL Jan/2012

Capital One Platinum - opened with $500 CL Oct/2011 - Auto increased to $750 after 3 months of good history UPDATED: increased to $5,000 and no AF after contacting Executive's Office

Capital One was my first card, and currently has an AF of $60 (I believe, I may be wrong... I never look at it) It has no rewards, perks, etc. EDIT: IT HAS CASH REWARDS POINTS. Basically opened it to get my foot in the door so I could build credit card history. I've had student loans and auto loans in my name for years now, but never had a credit card until the fall of 2011.

After the first couple months, the capital one card auto increased to $750 (as expected). And there it stands. I've read on here that it won't increase, and I understand that.

I got married in October 2012. My wife and I combined bank accounts, bills, etc... Everything is under one name now. I've added her as an Authorized User on my Discover card and Chase card.

As of right now, I pay in full every month before any due dates. My statements always read Zero. We are both very good with our spending habits.

For the hell of it, last night I clicked on Discoverer's "Request Increase" button on their website. I filled out the quick info, and requested to be increased to $10,000. Immediately, I got a message saying they'll increase me $500, or, if I wish, they can further investigate, and let me know in 7-10 business days. I opted to further investigate.

When I signed on to Discoverer's website today after work, I found my CL was already increased to the $10,000 that I requested.

Great! I won't ever use that much, but having the higher CL makes me feel more comfortable, so I was happy to see it granted.

So.. My question is... Will Chase increase if I ask them to right now? Will they deny because of the recent Discover increase? My goal is to get a high enough CL on my cards so I can stay below 10% utilization during the month without compromising my normal spending habits.

Also.. Any recommendations on what to do with the Capital One card? Now that I have established credit card history (although short), the capital one card is completely useless to me now, besides helping with my average age of accounts. Can I somehow have it upgraded to a card with perks, and with a useful CL and lower/no AF? I basically pay the annual fee and let the card sit in my wallet all year.

My credit scores are currently all in the 720s- 730s. The last addition to my reports was my mortgage (started to report Oct 2012). I am assuming Discover did a hard pull today for my CL increase they just gave me, so I understand that my scores are probably a few points lower as of today.

UPDATE: 1/29: Capital One executive office is going to possibly increase my credit limit and waive the AF for me. I'll hear back in 7-10 days

UPDATE: 2/3: Capital One increased CL from $750 to $5,000, and removed AF

Re: One CL increase just granted. Possible to increase the rest, too?

Anonymous — Tue, 29 Jan 2013 02:00:00 GMT

@StriderM99 wrote:
Quick background info...

I have 3 credit cards.

Discover Escape- opened with $5200 CL Jan/2012
Chase Freedom- opened with $3000 CL Jan/2012
Capital One Platinum - opened with $500 CL Oct/2011

Capital One was my first card, and currently has an AF of $60 (I believe, I may be wrong... I never look at it) It has no rewards, perks, etc. Basically opened it to get my foot in the door so I could build credit card history. I've had student loans and auto loans in my name for years now, but never had a credit card until the fall of 2011.

After the first couple months, the capital one card auto increased to $750 (as expected). And there it stands. I've read on here that it won't increase, and I understand that.

I got married in October 2012. My wife and I combined bank accounts, bills, etc... Everything is under one name now. I've added her as an Authorized User on my Discover card and Chase card.

As of right now, I pay in full every month before any due dates. My statements always read Zero. We are both very good with our spending habits.

For the hell of it, last night I clicked on Discoverer's "Request Increase" button on their website. I filled out the quick info, and requested to be increased to $10,000. Immediately, I got a message saying they'll increase me $500, or, if I wish, they can further investigate, and let me know in 7-10 business days. I opted to further investigate.

When I signed on to Discoverer's website today after work, I found my CL was already increased to the $10,000 that I requested.

Great! I won't ever use that much, but having the higher CL makes me feel more comfortable, so I was happy to see it granted.

So.. My question is... Will Chase increase if I ask them to right now? Will they deny because of the recent Discover increase? My goal is to get a high enough CL on my cards so I can stay below 10% utilization during the month without compromising my normal spending habits.

Also.. Any recommendations on what to do with the Capital One card? Now that I have established credit card history (although short), the capital one card is completely useless to me now, besides helping with my average age of accounts. Can I somehow have it upgraded to a card with perks, and with a useful CL and lower/no AF? I basically pay the annual fee and let the card sit in my wallet all year.

My credit scores are currently all in the 720s- 730s. The last addition to my reports was my mortgage (started to report Oct 2012). I am assuming Discover did a hard pull today for my CL increase they just gave me, so I understand that my scores are probably a few points lower as of today.

Probably by 2 points or less.You will be ok as long as you close the c1 and make room for prime cards.Lenders do not like to see them there imo.Good luck.ps your score is very good

Re: One CL increase just granted. Possible to increase the rest, too?

jsucool76 — Tue, 29 Jan 2013 02:18:06 GMT

I would email the capital one executive office. Could probably get a cli and rewards added on.

Re: One CL increase just granted. Possible to increase the rest, too?

StriderM99 — Tue, 29 Jan 2013 02:29:35 GMT

I actually just read the other thread about that. It sounds like that would be a possible solution for me.

Re: One CL increase just granted. Possible to increase the rest, too?

Anonymous — Tue, 29 Jan 2013 03:10:17 GMT

@StriderM99 wrote:
I actually just read the other thread about that. It sounds like that would be a possible solution for me.

I would wait until your new Discover limit shows up on your reports to give Chase some incentive to up your limit!

Re: One CL increase just granted. Possible to increase the rest, too?

Anonymous — Tue, 29 Jan 2013 03:13:36 GMT

@Anonymous wrote:
@StriderM99 wrote:
I actually just read the other thread about that. It sounds like that would be a possible solution for me.
I would wait until your new Discover limit shows up on your reports to give Chase some incentive to up your limit!

Re: One CL increase just granted. Possible to increase the rest, too?

chnceit — Tue, 29 Jan 2013 03:52:47 GMT

@Anonymous wrote:
@StriderM99 wrote:
Quick background info...

I have 3 credit cards.

Discover Escape- opened with $5200 CL Jan/2012
Chase Freedom- opened with $3000 CL Jan/2012
Capital One Platinum - opened with $500 CL Oct/2011

Capital One was my first card, and currently has an AF of $60 (I believe, I may be wrong... I never look at it) It has no rewards, perks, etc. Basically opened it to get my foot in the door so I could build credit card history. I've had student loans and auto loans in my name for years now, but never had a credit card until the fall of 2011.

After the first couple months, the capital one card auto increased to $750 (as expected). And there it stands. I've read on here that it won't increase, and I understand that.

I got married in October 2012. My wife and I combined bank accounts, bills, etc... Everything is under one name now. I've added her as an Authorized User on my Discover card and Chase card.

As of right now, I pay in full every month before any due dates. My statements always read Zero. We are both very good with our spending habits.

For the hell of it, last night I clicked on Discoverer's "Request Increase" button on their website. I filled out the quick info, and requested to be increased to $10,000. Immediately, I got a message saying they'll increase me $500, or, if I wish, they can further investigate, and let me know in 7-10 business days. I opted to further investigate.

When I signed on to Discoverer's website today after work, I found my CL was already increased to the $10,000 that I requested.

Great! I won't ever use that much, but having the higher CL makes me feel more comfortable, so I was happy to see it granted.

So.. My question is... Will Chase increase if I ask them to right now? Will they deny because of the recent Discover increase? My goal is to get a high enough CL on my cards so I can stay below 10% utilization during the month without compromising my normal spending habits.

Also.. Any recommendations on what to do with the Capital One card? Now that I have established credit card history (although short), the capital one card is completely useless to me now, besides helping with my average age of accounts. Can I somehow have it upgraded to a card with perks, and with a useful CL and lower/no AF? I basically pay the annual fee and let the card sit in my wallet all year.

My credit scores are currently all in the 720s- 730s. The last addition to my reports was my mortgage (started to report Oct 2012). I am assuming Discover did a hard pull today for my CL increase they just gave me, so I understand that my scores are probably a few points lower as of today.
Probably by 2 points or less.You will be ok as long as you close the c1 and make room for prime cards.Lenders do not like to see them there imo.Good luck.ps your score is very good

I am sorry but Cap One is not bad. First Premier is bad.

I have a Cap One and it does me good. I got approved with high limits with this Cap One reporting.

Email Cap One and ask them to remove your AF and request a CLI.

Re: One CL increase just granted. Possible to increase the rest, too?

jennylocha — Tue, 29 Jan 2013 04:14:01 GMT

@chnceit wrote:
@Anonymous wrote:
@StriderM99 wrote:
Quick background info...

I have 3 credit cards.

Discover Escape- opened with $5200 CL Jan/2012
Chase Freedom- opened with $3000 CL Jan/2012
Capital One Platinum - opened with $500 CL Oct/2011

Capital One was my first card, and currently has an AF of $60 (I believe, I may be wrong... I never look at it) It has no rewards, perks, etc. Basically opened it to get my foot in the door so I could build credit card history. I've had student loans and auto loans in my name for years now, but never had a credit card until the fall of 2011.

After the first couple months, the capital one card auto increased to $750 (as expected). And there it stands. I've read on here that it won't increase, and I understand that.

I got married in October 2012. My wife and I combined bank accounts, bills, etc... Everything is under one name now. I've added her as an Authorized User on my Discover card and Chase card.

As of right now, I pay in full every month before any due dates. My statements always read Zero. We are both very good with our spending habits.

For the hell of it, last night I clicked on Discoverer's "Request Increase" button on their website. I filled out the quick info, and requested to be increased to $10,000. Immediately, I got a message saying they'll increase me $500, or, if I wish, they can further investigate, and let me know in 7-10 business days. I opted to further investigate.

When I signed on to Discoverer's website today after work, I found my CL was already increased to the $10,000 that I requested.

Great! I won't ever use that much, but having the higher CL makes me feel more comfortable, so I was happy to see it granted.

So.. My question is... Will Chase increase if I ask them to right now? Will they deny because of the recent Discover increase? My goal is to get a high enough CL on my cards so I can stay below 10% utilization during the month without compromising my normal spending habits.

Also.. Any recommendations on what to do with the Capital One card? Now that I have established credit card history (although short), the capital one card is completely useless to me now, besides helping with my average age of accounts. Can I somehow have it upgraded to a card with perks, and with a useful CL and lower/no AF? I basically pay the annual fee and let the card sit in my wallet all year.

My credit scores are currently all in the 720s- 730s. The last addition to my reports was my mortgage (started to report Oct 2012). I am assuming Discover did a hard pull today for my CL increase they just gave me, so I understand that my scores are probably a few points lower as of today.
Probably by 2 points or less.You will be ok as long as you close the c1 and make room for prime cards.Lenders do not like to see them there imo.Good luck.ps your score is very good
I am sorry but Cap One is not bad. First Premier is bad.

I have a Cap One and it does me good. I got approved with high limits with this Cap One reporting.

Email Cap One and ask them to remove your AF and request a CLI.

YUP! and while you're at it, tell them to add some Cash Rewards to that bad boy! They did it for me and I haven't even had the card for a full year yet. went from $1000 to $2500 and Cash Rewards all by emailing the EO. Keep the card, Cap One is pretty decent f you stay on top of it. Good Luck!

Re: One CL increase just granted. Possible to increase the rest, too?

StriderM99 — Tue, 29 Jan 2013 04:20:04 GMT

If possible, I'd like to keep the Capital One line open. I just went on the Cap One website and tried the "Chat" feature to ask about a CL increase. No go. Who ever I was talking to said I'd get a letter in 7-10 days explaining why. I'm going to go ahead and email the exec. office and see where that gets me. My only problem is that they supposedly call during the week, during business hours, at which point, I'm never available.

EDIT: I forgot to mention, when I signed onto the website, I noticed I actually do have cash rewards points. That just shows how rarely I ever sign on to the account, haha. I will edit my first post to mention this new found info.

Re: One CL increase just granted. Possible to increase the rest, too?

Anonymous — Tue, 29 Jan 2013 04:26:13 GMT

Capital One is ridiculous. The Cap1 plantium (no fee version) was my sisters first credit card account in 2005 and started with a $300 limit. After a year Captial One increased it to $500. ahe recently tried to get a CLi and was denied. It's been at $500 for 7 years. And she uses the card maybe like once or twice every two months for charges under $50. She's always paid the account in full and never carried a balance. Not to mention she's never had a late payment and has plenty of other prime cards such as Chase freedom with $7500 limit, and Discover $5000, etc. perfect credit history and no baddies at all.

Captial one is ridiculous really.

Re: One CL increase just granted. Possible to increase the rest, too?

chnceit — Tue, 29 Jan 2013 04:38:41 GMT

@Anonymous wrote:
Capital One is ridiculous. The Cap1 plantium (no fee version) was my sisters first credit card account in 2005 and started with a $300 limit. After a year Captial One increased it to $500. ahe recently tried to get a CLi and was denied. It's been at $500 for 7 years. And she uses the card maybe like once or twice every two months for charges under $50. She's always paid the account in full and never carried a balance. Not to mention she's never had a late payment and has plenty of other prime cards such as Chase freedom with $7500 limit, and Discover $5000, etc. perfect credit history and no baddies at all.

Captial one is ridiculous really.

I agree with your statement and Cap One is notorious for this. But there are work arounds to get a CLI and fees waived.

Cap One is known to be a rebuilder CCC. But they do have Prime cards IMO and can be generous with CLI (some times)

Most people like myself got Cap One to build then rebuild credit. They helped me when I needed credit.

Some people just move on when they obtain better CCs, but Cap One is not a bad company IMO, just tough to work it.

Re: One CL increase just granted. Possible to increase the rest, too?

StriderM99 — Tue, 29 Jan 2013 05:20:14 GMT

I just sent an email to Capital One's exec. I'll update when I hear back from him/them.

As for my Chase Freedom card, I will wait for Discover to post my new $10,000 limit and ask them to match it.

Is it out of the question to ask them to raise my line from $3200 to $10,000? If I ask them to match it, will they flat out reject the request, or is it possible they'll say ok, or counter with a lower limit?

Re: One CL increase just granted. Possible to increase the rest, too?

StriderM99 — Wed, 30 Jan 2013 00:03:42 GMT

Got a call from Capital One's executive office earlier this afternoon. I wasn't able to answer the phone, so a rep left a voicemail. Fortunately, she mentioned their business hours, so I was able to call back when I got off work at 5. Just as everyone else has posted, she asked a couple of quick questions, and asked me what I wanted my line increased to. I gave her a number. She then asked if there was a lower number I'd accept, in case I can't be approved for what I wanted. I gave her another number. Then she said I'll hear back from someone within 7-10 days. She was very polite. She also said she'd put in the request to remove my AF. I'll update again once I hear back from them!

Thanks for the advice so far! It'll be nice to actually use that card once it has a decent limit on it.

Re: One CL increase just granted. Possible to increase the rest, too?

chnceit — Wed, 30 Jan 2013 00:14:13 GMT

@StriderM99 wrote:
Got a call from Capital One's executive office earlier this afternoon. I wasn't able to answer the phone, so a rep left a voicemail. Fortunately, she mentioned their business hours, so I was able to call back when I got off work at 5. Just as everyone else has posted, she asked a couple of quick questions, and asked me what I wanted my line increased to. I gave her a number. She then asked if there was a lower number I'd accept, in case I can't be approved for what I wanted. I gave her another number. Then she said I'll hear back from someone within 7-10 days. She was very polite. She also said she'd put in the request to remove my AF. I'll update again once I hear back from them!

Thanks for the advice so far! It'll be nice to actually use that card once it has a decent limit on it.

Yup the EO works wonders I got my increase and the rep from Cap One is really nice.

Re: One CL increase just granted. Possible to increase the rest, too?

Anonymous — Wed, 30 Jan 2013 00:16:12 GMT

Re: UPDATED: One CL increase just granted. Possible to increase the rest, too?

Anonymous — Wed, 30 Jan 2013 01:18:21 GMT

Good luck... keep us posted!

Re: One CL increase just granted. Possible to increase the rest, too?

Anonymous — Wed, 30 Jan 2013 20:35:11 GMT

@StriderM99 wrote:
Got a call from Capital One's executive office earlier this afternoon. I wasn't able to answer the phone, so a rep left a voicemail. Fortunately, she mentioned their business hours, so I was able to call back when I got off work at 5. Just as everyone else has posted, she asked a couple of quick questions, and asked me what I wanted my line increased to. I gave her a number. She then asked if there was a lower number I'd accept, in case I can't be approved for what I wanted. I gave her another number. Then she said I'll hear back from someone within 7-10 days. She was very polite. She also said she'd put in the request to remove my AF. I'll update again once I hear back from them!

Thanks for the advice so far! It'll be nice to actually use that card once it has a decent limit on it.

Is it better to email the executive office or call?

Also where can I find this email/phone number? Thanks!

Re: One CL increase just granted. Possible to increase the rest, too?

StriderM99 — Wed, 30 Jan 2013 23:33:23 GMT

@Anonymous wrote:
@StriderM99 wrote:
Got a call from Capital One's executive office earlier this afternoon. I wasn't able to answer the phone, so a rep left a voicemail. Fortunately, she mentioned their business hours, so I was able to call back when I got off work at 5. Just as everyone else has posted, she asked a couple of quick questions, and asked me what I wanted my line increased to. I gave her a number. She then asked if there was a lower number I'd accept, in case I can't be approved for what I wanted. I gave her another number. Then she said I'll hear back from someone within 7-10 days. She was very polite. She also said she'd put in the request to remove my AF. I'll update again once I hear back from them!

Thanks for the advice so far! It'll be nice to actually use that card once it has a decent limit on it.
Is it better to email the executive office or call?

Also where can I find this email/phone number? Thanks!

I emailed them, mainly because I decided to do this late at night, past normal business hours. They then called me the following day, and we went on from there.

I may be wrong, but from reading the many other threads about this same exact situation, I think it's against a rule here on the forums to post a direct email address, otherwise I would.

However, If you google "capital one ceo email address" you'll find the email address of the guy you'll want to send your email to. For my subject line, I put something similar to "Credit Card Question" Then, I just addressed the body of the email as "To whom it may concern," I got a call the next day from a rep from the executive's office. She was polite and willing to help. Now I am just waiting for my results!

Re: One CL increase just granted. Possible to increase the rest, too?

Anonymous — Thu, 31 Jan 2013 21:38:00 GMT

@StriderM99 wrote:
@Anonymous wrote:
@StriderM99 wrote:
Got a call from Capital One's executive office earlier this afternoon. I wasn't able to answer the phone, so a rep left a voicemail. Fortunately, she mentioned their business hours, so I was able to call back when I got off work at 5. Just as everyone else has posted, she asked a couple of quick questions, and asked me what I wanted my line increased to. I gave her a number. She then asked if there was a lower number I'd accept, in case I can't be approved for what I wanted. I gave her another number. Then she said I'll hear back from someone within 7-10 days. She was very polite. She also said she'd put in the request to remove my AF. I'll update again once I hear back from them!

Thanks for the advice so far! It'll be nice to actually use that card once it has a decent limit on it.
Is it better to email the executive office or call?

Also where can I find this email/phone number? Thanks!
I emailed them, mainly because I decided to do this late at night, past normal business hours. They then called me the following day, and we went on from there.

I may be wrong, but from reading the many other threads about this same exact situation, I think it's against a rule here on the forums to post a direct email address, otherwise I would.

However, If you google "capital one ceo email address" you'll find the email address of the guy you'll want to send your email to. For my subject line, I put something similar to "Credit Card Question" Then, I just addressed the body of the email as "To whom it may concern," I got a call the next day from a rep from the executive's office. She was polite and willing to help. Now I am just waiting for my results!

Did you include your account number or any other person info besides your name in the email?

Thanks again! Hopefully can get my sisters $500 limit from 2006 to at least $8000.

Re: One CL increase just granted. Possible to increase the rest, too?

StriderM99 — Thu, 31 Jan 2013 22:54:40 GMT

@Anonymous wrote:
Did you include your account number or any other person info besides your name in the email?
Thanks again! Hopefully can get my sisters $500 limit from 2006 to at least $8000.

Sorry, I forgot to mention that part. I did include my Account number, but that was it. I figured they'd need it to get in touch with me. When I ended the email, I basically just put this:

Thank you for your time,

John Doe

Account # xxxxxxxxxxx