topic Re: Capital One Credit Limit Increase in Credit Card Approvals

Capital One Credit Limit Increase

joestay — Mon, 01 Feb 2010 01:09:45 GMT

Has anyone CALLED in and asked for one recently (in 2010)? Did you get the automatic system or live person? Was a hard pull or soft pull perform? I'm afraid to call in because I don't want any hard pull inquiry in my credit report at this time. Please share your experiences. It's been 1 and a half year of my account and my limit is stuck at $750.

Re: Capital One Credit Limit Increase

DI — Mon, 01 Feb 2010 01:54:44 GMT

@joestay wrote:
Has anyone CALLED in and asked for one recently (in 2010)? Did you get the automatic system or live person? Was a hard pull or soft pull perform? I'm afraid to call in because I don't want any hard pull inquiry in my credit report at this time. Please share your experiences. It's been 1 and a half year of my account and my limit is stuck at $750.

They're still not giving CLI's at cardholders request. You will get the automatic system and it will be a soft inquiry if they pull your report. Some cards are automatically ineligible for CLI's. I am stucked at $750 too. I just focus on getting CLI's with my other cards. u

Re: Capital One Credit Limit Increase

Kiwill — Mon, 01 Feb 2010 02:01:14 GMT

Yep, I was given a softpull this month and the answer was "no" for a CLI and the reason was exactly what DI said. I am also stuck at $750 and as soon as I get my prime cards, i'm putting capitalone down to rest.

Re: Capital One Credit Limit Increase

DI — Mon, 01 Feb 2010 02:09:15 GMT

@Kiwill wrote:
+1

Yep, I was given a softpull this month and the answer was "no" for a CLI and the reason was exactly what DI said. I am also stuck at $750 and as soon as I get my prime cards, i'm putting capitalone down to rest.

Do not close the card if you're not paying an AF. Just pretend is doesn't exist. I have had my Cap 1 card since 10/2001. It's my second oldest card. I want to keep the history of the card reporting.

Re: Capital One Credit Limit Increase

nmorton79 — Mon, 01 Feb 2010 02:19:41 GMT

I will share my experience...I opened a cap 1 card back in August..my card was enrolled in credit steps, whick kicked in @ my 4th statement. 2 weeks ago, I called and asked when my acct would be eligible to receive a 2nd credit steps increase, and the rep told me that I was only eligible for the one that I just got(boo), but he said to wait about 6 months and call to ask for a CLI, so I am going to wait until June/July and see what heppens. By then I will have all my cc's paid to $0 and my scores should be alot higher than they are now...

Re: Capital One Credit Limit Increase

joestay — Mon, 01 Feb 2010 02:20:27 GMT

Quick question also. Yesterday, I brought something online and it used up 90% of my credit limit. My statement date is on the 15th. On Monday, I plan on paying off the 90% that I put onto my card from Satarday. Will the 90% utiliation of my credit card go onto my credit report? All I have is Capital One card right now. I couldn't pay today because it hasn't updated online. It only shows what I have available but not what I owe yet.

Re: Capital One Credit Limit Increase

DI — Mon, 01 Feb 2010 02:23:17 GMT

@nmorton79 wrote:
@I will share my experience...I opened a cap 1 card back in August..my card was enrolled in credit steps, whick kicked in @ my 4th statement. 2 weeks ago, I called and asked when my acct would be eligible to receive a 2nd credit steps increase, and the rep told me that I was only eligible for the one that I just got(boo), but he said to wait about 6 months and call to ask for a CLI, so I am going to wait until June/July and see what heppens. By then I will have all my cc's paid to $0 and my scores should be alot higher than they are now...

It was just last year when I first heard about the credit steps cards. Heard it here first! When my card was opened in 2001, I'm not sure if that program existed. Capital One is wanting me to apply for another card. I refuse to carry two of it's cards.

Re: Capital One Credit Limit Increase

Kiwill — Mon, 01 Feb 2010 02:26:32 GMT

Hi Di, no I will not be closing any cards unless there is an AF attached, thanks!!

I've waited 6mos, 12mos, 18mos, and still nothing. I can't wait until I can put this card up to collect dust. Best Buy MC is the same way, Orchard at least give you cli's in $100 increments every 3-6 months but this account will be closed because of the AF.

Re: Capital One Credit Limit Increase

DI — Mon, 01 Feb 2010 02:30:15 GMT

@joestay wrote:
Quick question also. Yesterday, I brought something online and it used up 90% of my credit limit. My statement date is on the 15th. On Monday, I plan on paying off the 90% that I put onto my card from Satarday. Will the 90% utiliation of my credit card go onto my credit report? All I have is Capital One card right now. I couldn't pay today because it hasn't updated online. It only shows what I have available but not what I owe yet.

If your statement generates on the 15th and the balance is $10, only the $10 will report.

Message Edited by DI on 01-31-2010 08:30 PM

Re: Capital One Credit Limit Increase

joestay — Mon, 01 Feb 2010 02:30:28 GMT

Okay, so whatever I get billed on my monthly statement is what goes on the credit report, not the utiliation at the end of the month?

Re: Capital One Credit Limit Increase

DI — Mon, 01 Feb 2010 02:33:26 GMT

@joestay wrote:
Okay, so whatever I get billed on my monthly statement is what goes on the credit report, not the utiliation at the end of the month?

If you have a $1000 CL and charged $900 and paid $800 before the statement generated, only $100 balance will report.

Re: Capital One Credit Limit Increase

joestay — Mon, 01 Feb 2010 02:34:54 GMT

Thanks DI. You all have been helpful. Did you guys call the 7070 number or the backdoor number when you asked for the CLI?

Re: Capital One Credit Limit Increase

DI — Mon, 01 Feb 2010 02:38:49 GMT

@joestay wrote:
Thanks DI. You all have been helpful. Did you guys call the 7070 number or the backdoor number when you asked for the CLI?

I called the 7070 number. The CSR at the backdoor number aren't any help. The last time I called the backdoor number, the rep told me my card was a K-Mart card. Foolish!!

Message Edited by DI on 01-31-2010 08:38 PM

Re: Capital One Credit Limit Increase

laz98 — Mon, 01 Feb 2010 04:38:28 GMT

@DI wrote:
@joestay wrote:
Thanks DI. You all have been helpful. Did you guys call the 7070 number or the backdoor number when you asked for the CLI?
I called the 7070 number. The CSR at the backdoor number aren't any help. The last time I called the backdoor number, the rep told me my card was a K-Mart card. Foolish!!
Message Edited by DI on 01-31-2010 08:38 PM

wow, i'd say that's an all-new level of incompetence!!!

Re: Capital One Credit Limit Increase

lhova2000 — Mon, 01 Feb 2010 05:28:55 GMT

Cap one stinks, I've had the card for about 7 years, never been late and I'm stuck on 500 limit I started the card as a secured card cause my credit sucked, try to get a cli but they weren't trying to hear it.. Now my credit score is 775 and they wont factor that for a CLI. It's my oldest and only "major" credit card so I guess I'm stuck with it and the AF.. i'm hoping to get an Amex blue cash or Chase Saphire and hopefully with my scores and income they will give me a real limit.. Any advice on those cards?

Re: Capital One Credit Limit Increase

Paxx — Mon, 01 Feb 2010 19:32:08 GMT

Capital one has been very good to me. They gave me unsecured credit when no one else would and I've had them now for about 4 years or so now. I was stuck stagnat at $750 forever it seemed but out of the blue I logged into my account and saw that my limit with $4500. They increased my limit without a request making the card my largest limit credit card (next highest is $1800).

I almost closed the account before thinking it was a dead end card but decided to just let it keep aging for the tradeline. Glad I didn't because now with that limit when I go shopping for prime credit it should be easier. Not sure when I will be ready to shop again though/ I havn't apped for a card in well over a year now and have no use for additional credit. Nice to know that I should be able to get a higher limit card now though - all that credit rebuilding really paid off.

Re: Capital One Credit Limit Increase

lhova2000 — Mon, 01 Feb 2010 19:46:42 GMT

Paxx what are your credit scores? Cause mines are in the high 700's and they wont give me more credit

Re: Capital One Credit Limit Increase

johnosonc — Mon, 01 Feb 2010 19:55:03 GMT

I called backdoor escalations and was told they are not approving credit line increases for any one right now, but that you may do better to apply for another card.

Re: Capital One Credit Limit Increase

DI — Mon, 01 Feb 2010 20:45:54 GMT

@johnosonc wrote:
I called backdoor escalations and was told they are not approving credit line increases for any one right now, but that you may do better to apply for another card.

+1 Scores are not a determining factor in getting a CLI. We are stucked with old cards and the only way out is applying for a new one. Not happening with me.

Re: Capital One Credit Limit Increase

Kiwill — Mon, 01 Feb 2010 21:00:47 GMT

Another card [not Cap1} is the only option.