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

Credit Limit Increase from Capital One

Anonymous — Sun, 05 Feb 2012 16:50:28 GMT

Hello everyone,

I've had Capital One for almost 3 years and they've only increased my limit once. Can anyone tell me how their relationship with capital one has been. Truly appreciate it

Re: Credit Limit Increase from Capital One

pipeguy — Sun, 05 Feb 2012 16:53:25 GMT

Although I'm sure you'll get an earful from all the "haters", you might just want to do a search on previous posted threads on this subject.

Re: Credit Limit Increase from Capital One

pizzadude — Sun, 05 Feb 2012 16:53:28 GMT

Direct quote from Cap1 letter recently posted:

Capital one does not accept consumer initated CLIs on the majority of their cards.

They give CLIs very infrequently and unpredictably. Most of their rebuilder cards have a CL ceiling of 2 or 3K which you may or may not ever reach.

Re: Credit Limit Increase from Capital One

dalasdon — Sun, 05 Feb 2012 18:06:19 GMT

i called to check status on cli on my secured card, and was informed that they have there own review and when it comes up they will issue or call to inform about it

Re: Credit Limit Increase from Capital One

Anonymous — Sun, 05 Feb 2012 21:52:14 GMT

I've had a cap one builder card since 2000. They gave me an increase to 2600 from 1600 last June. I could care less. I use it every now and then to keep it active, but the CL limit is too low to really use it. Plus, it's my oldest card. I'm it bitter, it gave me credit when no one else would! Im not a "hater", I have just out grown them....and that's a good thing!

Re: Credit Limit Increase from Capital One

Anonymous — Sun, 05 Feb 2012 22:16:37 GMT

@Anonymous wrote:
I've had a cap one builder card since 2000. They gave me an increase to 2600 from 1600 last June. I could care less. I use it every now and then to keep it active, but the CL limit is too low to really use it. Plus, it's my oldest card. I'm it bitter, it gave me credit when no one else would! Im not a "hater", I have just out grown them....and that's a good thing!

+1

They have their use, but with their refusal to upgrade people to prime products once they have better credit, you eventually outgrow them.

Re: Credit Limit Increase from Capital One

Anonymous — Sun, 05 Feb 2012 22:20:12 GMT

I had that same problem. So today I logged into my account,, and started a chat with a specialist. I threated to close all three of my accounts if they were't able to grant me a limit increase today because my Capital One card is quickly being surpassed, by card like my Amex Zync. I am used to the generic, "Every so often we review accounts." message. I told me I would close my accounts, without hesitation. He replied my giving me a credit limit increase of $500, and another $500 in July of 2012. He essentially signed me back up for the credit steps program. So a bit if a success story. However, I am still looking for replacement cards.

Re: Credit Limit Increase from Capital One

Anonymous — Sun, 05 Feb 2012 22:23:08 GMT

@Anonymous wrote:
I had that same problem. So today I logged into my account,, and started a chat with a specialist. I threated to close all three of my accounts if they were't able to grant me a limit increase today because my Capital One card is quickly being surpassed, by card like my Amex Zync. I am used to the generic, "Every so often we review accounts." message. I told me I would close my accounts, without hesitation. He replied my giving me a credit limit increase of $500, and another $500 in July of 2012. He essentially signed me back up for the credit steps program. So a bit if a success story. However, I am still looking for replacement cards.

You were able to get a CLI through the chat? That's amazing! I would have imagined the chat reps would have even less power than the phone reps.

Re: Credit Limit Increase from Capital One

Anonymous — Sun, 05 Feb 2012 22:27:28 GMT

Yeah, I was surprised. I wasn't sure it would be possible. But I still closed one of my accounts anyway. It might also be because I used the card pretty heavily in the past. It's always worth a try. But if my Chase recon is successful tomorrow, I may still cancel it.

Re: Credit Limit Increase from Capital One

frogfan12 — Sun, 05 Feb 2012 22:28:32 GMT

I don't hate Capital One but like previously mentioned, their cards don't grow with you. I've had a Capital One card for nearly 6 years and haven't had a CLI in over 3 years. Their customer service is also so-so. Just my two cents.

Re: Credit Limit Increase from Capital One

Anonymous — Sun, 05 Feb 2012 22:32:25 GMT

@frogfan12 wrote:
I don't hate Capital One but like previously mentioned, their cards don't grow with you. I've had a Capital One card for nearly 6 years and haven't had a CLI in over 3 years. Their customer service is also so-so. Just my two cents.

You're giving them too much credit Their customer "service" is completely useless. They give about as much "service" to customers as "convenience fees" are convenient.

Re: Credit Limit Increase from Capital One

CS800 — Sun, 05 Feb 2012 22:35:07 GMT

@Anonymous wrote:
Hello everyone,

I've had Capital One for almost 3 years and they've only increased my limit once. Can anyone tell me how their relationship with capital one has been. Truly appreciate it

You got a CLI once? You're already a rare breed on this forum. Most of us have not received a CLI in ages

Re: Credit Limit Increase from Capital One

frogfan12 — Sun, 05 Feb 2012 22:41:35 GMT

@Anonymous wrote:
@frogfan12 wrote:
I don't hate Capital One but like previously mentioned, their cards don't grow with you. I've had a Capital One card for nearly 6 years and haven't had a CLI in over 3 years. Their customer service is also so-so. Just my two cents.

You're giving them too much credit Their customer "service" is completely useless. They give about as much "service" to customers as "convenience fees" are convenient.

Well, aside from calling to inquire about my Sony by Chase card switching to Capital One last year, I haven't really talked to anyone at Capital One since about 2008.

Re: Credit Limit Increase from Capital One

Anonymous — Mon, 06 Feb 2012 03:54:38 GMT

@Anonymous wrote:
Yeah, I was surprised. I wasn't sure it would be possible. But I still closed one of my accounts anyway. It might also be because I used the card pretty heavily in the past. It's always worth a try. But if my Chase recon is successful tomorrow, I may still cancel it.

Wow. I can hardly believe it.

Re: Credit Limit Increase from Capital One

Anonymous — Mon, 06 Feb 2012 03:55:11 GMT

@frogfan12 wrote:
I don't hate Capital One but like previously mentioned, their cards don't grow with you. I've had a Capital One card for nearly 6 years and haven't had a CLI in over 3 years. Their customer service is also so-so. Just my two cents.

When you say "so-so" you are being extremely generous, much more so than they are with CLIs

Re: Credit Limit Increase from Capital One

Anonymous — Mon, 06 Feb 2012 04:08:01 GMT

@Anonymous wrote:
@frogfan12 wrote:
I don't hate Capital One but like previously mentioned, their cards don't grow with you. I've had a Capital One card for nearly 6 years and haven't had a CLI in over 3 years. Their customer service is also so-so. Just my two cents.
When you say "so-so" you are being extremely generous, much more so than they are with CLIs

+1

Actually, way more than plus one, I think everyone here is going to agree about them being absurdly stingy with CLIs.

Re: Credit Limit Increase from Capital One

AndySoCal — Mon, 06 Feb 2012 04:45:56 GMT

I understand the sentiments about Capital One CLI and product changes. I would think their builder /rebuilder cards have some very tight rules on what can be done regarding CLI's and product changes. By design in theory after the rebuild or build is complete you should be ready to move on depending on what your credit needs are. On the other hand I would imagaine Cap 1 has plenty of builder accounts that go bad as well. Remember this are of the credit market from lender's perspective is not a low risk area. I remember a conversation I had with a Cap 1 representative when I closed my account. I had prime card and an issue came up that cannot happrn today due to legislative enactment. The rep said to me you actually pay your bills this was in 2009. They offered to correct the problem which the first rep refused to do by that point in time it was too late. Now some 2 to 3 years later I was I had kept the account open. For those of you frustrated with Cap 1 onr product changes try doing this with a Chase Amazon card everytime I ask I get same answer NO.

Re: Credit Limit Increase from Capital One

TiggerDat — Mon, 13 Aug 2012 02:30:14 GMT

@AndySoCal wrote:
I understand the sentiments about Capital One CLI and product changes. I would think their builder /rebuilder cards have some very tight rules on what can be done regarding CLI's and product changes. By design in theory after the rebuild or build is complete you should be ready to move on depending on what your credit needs are. On the other hand I would imagaine Cap 1 has plenty of builder accounts that go bad as well. Remember this are of the credit market from lender's perspective is not a low risk area. I remember a conversation I had with a Cap 1 representative when I closed my account. I had prime card and an issue came up that cannot happrn today due to legislative enactment. The rep said to me you actually pay your bills this was in 2009. They offered to correct the problem which the first rep refused to do by that point in time it was too late. Now some 2 to 3 years later I was I had kept the account open. For those of you frustrated with Cap 1 onr product changes try doing this with a Chase Amazon card everytime I ask I get same answer NO.

With your credit score you could probably get one of their prime cards. You could always try the prequalify option to see what they have for you. Remember, check what the first line says. It might not match your records to an offer, just go by what you said about your history is. They have blocked some users from prequalifying for different reasons. If you do qualify for a prime product take it. They treat their Prime customers differently than their nonprime.

Re: Credit Limit Increase from Capital One

jsucool76 — Mon, 13 Aug 2012 02:33:32 GMT

Cap1 CS really isnt that bad. They always help when I have an issue. Last time I had an issue this week and they gave me a $50 credit adjustment for my troubles. Thats good enough to keep me happy.

Re: Credit Limit Increase from Capital One

asteroidblues86 — Mon, 13 Aug 2012 02:40:17 GMT

I have no complaints. They gave me an instant approval with a $10,000 limit.