topic Re: Cap One Question in Credit Cards

Cap One Question

Anonymous — Sat, 11 Jul 2015 03:19:18 GMT

Hello everyone.. so i got a quicksilver one back in march and ever since then i've been checking the preapproval and was getting nothing until yesterday... got a preapproval for the secured card? which is weird cause i've got the early cli to 800 on the quicksilver one and still in the credit steps.. my question, is that the only card i have a chance to get right now? i don't want to waste the 3 hp on that or get denied on a card that did not show up on the preapproval.. thanks for any info

Re: Cap One Question

Santi78342 — Sat, 11 Jul 2015 03:42:38 GMT

It would be very helpful to know your FICO scores? Other cards + limits?

Re: Cap One Question

Anonymous — Sat, 11 Jul 2015 03:50:09 GMT

Fico scores - tu 611 eq 605 cards walmart - 700 amazon - 600 credit one - 800 cap one qs 1 - 800 credit first - 1200 fingerhut - 2500 kohls - 300 macys - 600 vs -300 express - 300 utl - 41%

Re: Cap One Question

Anonymous — Sat, 11 Jul 2015 03:51:26 GMT

ex - 600

Re: Cap One Question

Anonymous — Sat, 11 Jul 2015 04:28:10 GMT

You would probably be able to get their no frills platinum card, but my guess is that would be all. However, I have been approved for venture cards without a prequal, but my scores and history with them were fairly better than yours.

Re: Cap One Question

rockbttm442 — Sat, 11 Jul 2015 04:30:17 GMT

I'd drop your utl down. Let your QS1 hit 6 months and see what you qualify for then. That my plan. I got my QS1 in Feb.

Re: Cap One Question

Anonymous — Sat, 11 Jul 2015 04:34:15 GMT

yeah i should drop that utl some... thanks

Re: Cap One Question

UncleB — Sat, 11 Jul 2015 04:42:45 GMT

@rockbttm442 wrote:
I'd drop your utl down. Let your QS1 hit 6 months and see what you qualify for then. That my plan. I got my QS1 in Feb.

Do this, and pay off your QS1 monthly... in 6 months I bet you'll be golden.

For a long time Capital One had a reputation for not giving CLIs, etc. but lately they have really come around. Many folks on here (myself included) have had recent luck with CLIs on cards that were seemingly 'stuck' for years.

Hang in there!

Re: Cap One Question

TiggerDat — Sat, 11 Jul 2015 12:41:11 GMT

@UncleB wrote:
@rockbttm442 wrote:
I'd drop your utl down. Let your QS1 hit 6 months and see what you qualify for then. That my plan. I got my QS1 in Feb.
+1

Do this, and pay off your QS1 monthly... in 6 months I bet you'll be golden.

For a long time Capital One had a reputation for not giving CLIs, etc. but lately they have really come around. Many folks on here (myself included) have had recent luck with CLIs on cards that were seemingly 'stuck' for years.

Hang in there!

One of mine still is stuck. Every time I hit the Luv Button with them they tell me that account is not eligible for increases while they review thier policy.

Funny to me, since I have two other cards with them. One of them they offered an increase to me on, it was a substantial increase too; from 7 to 10.

The third account won't give me an increase because the amount of payments compared to the amount charged has been low. Before I did a balance transfer to the account it was sitting for a while and the reason for denial was usage of the credit limit. Only one payment has been made since the balance transfer. I kinda figured that would be the reason when I asked a few days ago.

While they are much better as of recent times, they still have some of their old ways hanging about.

Two of my cards are being used by AUs, when they are paid off I am going to try and transfer the bulk of the limits to the lowest card, the one they have never give me an increase on. I figure that since it is the hardest to get them to increase the limits on, then I will play by their rules. I will get a good limit with that card and then build the other limits back up or whatever.

Re: Cap One Question

UncleB — Sat, 11 Jul 2015 14:32:03 GMT

@TiggerDat wrote:
@UncleB wrote:
@rockbttm442 wrote:
I'd drop yourutl down. Let yourQS1 hit 6 months and see what you qualify for then. That my plan. I got myQS1 in Feb.
+1

Do this, and pay off your QS1 monthly... in 6 months I bet you'll be golden.

For a long time Capital One had a reputation for not giving CLIs, etc. but lately they have really come around. Many folks on here (myself included) have had recent luck with CLIs on cards that were seemingly 'stuck' for years.

Hang in there!
One of mine still is stuck. Every time I hit the Luv Button with them they tell me that account is not eligible for increases while they review thier policy.

Funny to me, since I have two other cards with them. One of them they offered an increase to me on, it was a substantial increase too; from 7 to 10.

The third account won't give me an increase because the amount of payments compared to the amount charged has been low. Before I did a balance transfer to the account it was sitting for a while and the reason for denial was usage of the credit limit. Only one payment has been made since the balance transfer. I kinda figured that would be the reason when I asked a few days ago.

While they are much better as of recent times, they still have some of their old ways hanging about.

Two of my cards are being used by AUs, when they are paid off I am going to try and transfer the bulk of the limits to the lowest card, the one they have never give me an increase on. I figure that since it is the hardest to get them to increase the limits on, then I will play by their rules. I will get a good limit with that card and then build the other limits back up or whatever.

Sounds like a plan... just keep in mind you won't be able to build the other limits back up, since those cards will be closed; unfortunately the Capital One online option (when it was available) only allowed us to combine accounts (closing one of them), not move partial limits.

On the plus side, once you combine accounts you'll likely be able to apply for a new Capital One account and get a much higher line, if you want.

Re: Cap One Question

TiggerDat — Sun, 12 Jul 2015 14:04:45 GMT

@UncleB wrote:
@TiggerDat wrote:
@UncleB wrote:
@rockbttm442 wrote:
I'd drop yourutl down. Let yourQS1 hit 6 months and see what you qualify for then. That my plan. I got myQS1 in Feb.
+1

Do this, and pay off your QS1 monthly... in 6 months I bet you'll be golden.

For a long time Capital One had a reputation for not giving CLIs, etc. but lately they have really come around. Many folks on here (myself included) have had recent luck with CLIs on cards that were seemingly 'stuck' for years.

Hang in there!
One of mine still is stuck. Every time I hit the Luv Button with them they tell me that account is not eligible for increases while they review thier policy.

Funny to me, since I have two other cards with them. One of them they offered an increase to me on, it was a substantial increase too; from 7 to 10.

The third account won't give me an increase because the amount of payments compared to the amount charged has been low. Before I did a balance transfer to the account it was sitting for a while and the reason for denial was usage of the credit limit. Only one payment has been made since the balance transfer. I kinda figured that would be the reason when I asked a few days ago.

While they are much better as of recent times, they still have some of their old ways hanging about.

Two of my cards are being used by AUs, when they are paid off I am going to try and transfer the bulk of the limits to the lowest card, the one they have never give me an increase on. I figure that since it is the hardest to get them to increase the limits on, then I will play by their rules. I will get a good limit with that card and then build the other limits back up or whatever.
Sounds like a plan... just keep in mind you won't be able to build the other limits back up, since those cards will be closed; unfortunately the Capital One online option (when it was available) only allowed us to combine accounts (closing one of them), not move partial limits.

On the plus side, once you combine accounts you'll likely be able to apply for a new Capital One account and get a much higher line, if you want.

I guess if I have to close them to combine them, I would be OK with that. I would still chose the one with the least love to keep open and I would simply combine two of the three. I really don't need or want three Capital One accounts anyway. I only wanted two in the beginning, to build up my credit. I closed one because of their old policies. Then one was an HSBC card that got transferred over. I opened the third one, a Visa Signature card, because of their old policies. (I guess saying third is wrong, since it really is the fourth, but third still open.) It was CapOne's policies that got me where I am today. Had they given me increases on my original two cards, then I would simply have been happy. But it was too annoying listening to them tell me to keep up the good work and I would be eiligible to get an increase in the future... I listened to that for years and finally just went ahead and opened new accounts. That lead me to think about better rewards and now CapOne competes for usage with my Sallae Mae, Discover, PNC, etc. When my niece pays off her balance on my FNBO Amex, I will make that the replacement everyday card since it has 1.5% cash back too. I can settle for using the CapOne card for international transactions.

I guess I should be thanking CapOne for being so hard to deal with in the past, since now I have so much more so, all because of their CLI policies in the past.

Thanks CapOne, if you hadn't been so hard to deal with in the past I wouldn't have all the great cards I have! It was just too much paying off my credit card balance up to 7 times in a month. It was a struggle to buy a plane ticket and pay it off and then rent a car. So Thanks for pushing me to give business to other companies.