topic Re: Why doesnt Cap 1 combine limits in Credit Cards

Why doesnt Cap 1 combine limits

CreditGuy03 — Fri, 30 Jan 2015 15:37:55 GMT

When other card issuers do? Makes no sense to have 3 cards with toy limits when I can combine one with a decent limit

Re: Why doesnt Cap 1 combine limits

Anonymous — Fri, 30 Jan 2015 15:40:37 GMT

@CreditGuy03 wrote:
When other card issuers do? Makes no sense to have 3 cards with toy limits when I can combine one with a decent limit

They just don't. Trust me, It frustrates the heck out of me too. I could have a $7,000 QS WMC with over 3 years of history if they allowed this.

Re: Why doesnt Cap 1 combine limits

Anonymous — Fri, 30 Jan 2015 15:41:27 GMT

@CreditGuy03,

Agreed.. Cap 1 have proved they are certainly different.

Re: Why doesnt Cap 1 combine limits

creditconcept — Fri, 30 Jan 2015 16:10:34 GMT

They are a new player in the Credit industry:

Bank of America - 110 years old

JP Morgan Chase - 138 years old

American Express - 133 years old

Citi - 203 years old

Barclays - 326 years old

Capital One ................ 20 years 6 months (<--- Can not buy a Beer yet)

They arn't as experienced doing everything the others do.

Re: Why doesnt Cap 1 combine limits

lg8302ch — Fri, 30 Jan 2015 16:15:17 GMT

@creditconcept wrote:
They are a new player in the Credit industry:

Bank of America - 110 years old
JP Morgan Chase - 138 years old
American Express - 133 years old
Citi - 203 years old
Barclays - 326 years old

Capital One ................ 20 years 6 months (<--- Can not buy a Beer yet)

They arn't as experienced doing everything the others do.

Lol......in this case Chase should know how to adjust APR with good history ?? ....but they also follow their strict policy even with many more years of experience..ha ha

Re: Why doesnt Cap 1 combine limits

creditconcept — Fri, 30 Jan 2015 16:19:04 GMT

Lol......in this case Chase should know how to adjust APR with good history ?? ....but they also follow their strict policy even with many more years of experience..ha ha

I Wish, im sitting at 22.9% on my Freedom

Re: Why doesnt Cap 1 combine limits

core — Fri, 30 Jan 2015 18:36:43 GMT

Capital One's answer to everything is "apply for another card and cancel your old one(s)". They look for any excuse possible to give you another triple hard pull and ding your AAoA. This is so they can trash your reports as much as possible and keep you loyal. They just love to leave their mark. They are worse than dogs and fire hydrants.

If they let people combine limits, the folks would be more inclined to keep their existing card rather than applying for a new one with a much larger limit. The more frequent the permissible purpose the better for them.

Re: Why doesnt Cap 1 combine limits

Anonymous — Fri, 30 Jan 2015 18:32:49 GMT

@core wrote:
Capital One's answer to everything is "apply for another card and cancel your old one(s)". They look for any excuse possible to give you another triple hard pull and ding your AAoA. This is so they can trash your reports as much as possible and keep you loyal. They just love to leave their mark. They are worse than dogs and fire hydrants.

If they let people combine limits, the folks would be more inclined to keep their existing card rather than applying for a new one with a much larger limit. That more frequent the permissible purpose the better for them.

Don't know why exactly...It costs them money to do HP.

Re: Why doesnt Cap 1 combine limits

Blodreina — Fri, 30 Jan 2015 18:34:22 GMT

This is like asking why Chase doesn't backdate. They're all different lenders and will have different practices.

Re: Why doesnt Cap 1 combine limits

Dw4250 — Fri, 30 Jan 2015 18:40:02 GMT

Why can't I get a date with Katy Perry or Halle Berry? Why?!?!?

Just joshing! Every company has different policies. It's annoying but that's the way it is. Do they have some type of suggestion box...lol.

Re: Why doesnt Cap 1 combine limits

Callandra — Fri, 30 Jan 2015 18:49:33 GMT

@Anonymous wrote:
@core wrote:
Capital One's answer to everything is "apply for another card and cancel your old one(s)". They look for any excuse possible to give you another triple hard pull and ding your AAoA. This is so they can trash your reports as much as possible and keep you loyal. They just love to leave their mark. They are worse than dogs and fire hydrants.

If they let people combine limits, the folks would be more inclined to keep their existing card rather than applying for a new one with a much larger limit. That more frequent the permissible purpose the better for them.

Don't know why exactly...It costs them money to do HP.

Just a policy I guess...where I work, if someone buys the wrong item and wants to switch to something that costs more, we refund it and make them buy it again. That winds up costing us money because there's a swipe fee associated with refunds as well as purchases. (The cheaper way would be to take their card info, manually process a payment and then create the order -- more work, but saves the refund fee; however, we almost never do that)

Re: Why doesnt Cap 1 combine limits

kdm31091 — Fri, 30 Jan 2015 21:54:31 GMT

I agree it's annoying, but every issuer has their own annoying policies, so let's not be unfair. For example, like someone mentioned, Chase not lowering APR even after years and years of good usage. They may not outright say it, but to get a better APR, or even a big CLI, you almost always have to apply for a new product -- same thing you have to do with Capital One. Yes, Chase doesn't triple pull, but otherwise it's the same thing -- if you want a better CL or APR with Chase you have to just reapply. So it's not entirely unique to Capital One.

Re: Why doesnt Cap 1 combine limits

Anonymous — Fri, 30 Jan 2015 21:58:35 GMT

@Dw4250 wrote:
Why can't I get a date with Katy Perry or Halle Berry? Why?!?!?

If you get a rejection, try reconning. Don't have the backdoor number handy but I'm sure someone has. Just be prepared to explain why you would be such a great date, and minimize any baddies in your record, e.g. "Yes, I did spend some time in jail for assault, but that was several years ago and since then I have a spotless record"

Re: Why doesnt Cap 1 combine limits

Anonymous — Fri, 30 Jan 2015 21:59:47 GMT

@Anonymous wrote:
@Dw4250 wrote:
Why can't I get a date with Katy Perry or Halle Berry? Why?!?!?

If you get a rejection, try reconning. Don't have the backdoor number handy but I'm sure someone has. Just be prepared to explain why you would be such a great date, and minimize any baddies in your record, e.g. "Yes, I did spend some time in jail for assault, but that was several years ago and since then I have a spotless record"

Lol...

So by this analogy would BK be akin to a suspended sentence with a long probation?

Re: Why doesnt Cap 1 combine limits

Imperfectfuture — Fri, 30 Jan 2015 23:49:18 GMT

@Anonymous wrote:
@Anonymous wrote:
@Dw4250 wrote:
Why can't I get a date with Katy Perry or Halle Berry? Why?!?!?

If you get a rejection, try reconning. Don't have the backdoor number handy but I'm sure someone has. Just be prepared to explain why you would be such a great date, and minimize any baddies in your record, e.g. "Yes, I did spend some time in jail for assault, but that was several years ago and since then I have a spotless record"
Lol...

So by this analogy would BK be akin to a suspended sentence with a long probation?

Yes, with BK 13 taking time off for rehab participation.

Re: Why doesnt Cap 1 combine limits

ecxpa — Sat, 31 Jan 2015 01:39:27 GMT

I say its because of the AF.....most folks who have a low limit on their Cap 1 card usually have one with an AF. Why would they combine limits on say 3 cards and end up with 1 AF........just my 2 cents worth

Re: Why doesnt Cap 1 combine limits

Anonymous — Sat, 31 Jan 2015 01:46:19 GMT

@CreditGuy03 wrote:
When other card issuers do? Makes no sense to have 3 cards with toy limits when I can combine one with a decent limit

I sure wish they would! I'd do it immediately.