topic Re: Questions For Capital One $50k Single Credit Line Members.... in Credit Cards

Questions For Capital One $50k Single Credit Line Members....

signaturecardmember — Thu, 30 Jul 2015 00:08:10 GMT

Hey guys,

I am hoping to gain some insight from those of you with Capital One credit lines of $50k (or close to it) or more on a single account. This is not for those who have combined limits (cheaters ) I am sure others could find this useful as well.....

If you could tell me:

What product?

New account or CLI to get there?

AAOA?

Scores?

Any baddies?

Stated Income?

Utilization?

Total exposure both with C1 and Overall?

If you had to petition for it, who did you contact and how did you request it?

If others have additional questions they think might be helpful to the thread please feel free to add it on.

Re: Questions For Capital One $50k Single Credit Line Members....

Anonymous — Thu, 30 Jul 2015 00:03:36 GMT

@signaturecardmember wrote:
Hey guys,

I am hoping to gain some insight from those of you with Capital One credit lines of $50k (or close to it) or more on a single account. I am sure others could find this useful as well.....

If you could tell me:

What product?

New account or CLI to get there?

AAOA?

Scores?

Any baddies?

Stated Income?

Utilization?

Total exposure both with C1 and Overall?

If you had to petition for it, who did you contact and how did you request it?

If others have additional questions they think might be helpful to the thread please feel free to add it on.

With the ability to combine accounts, this has become much easier

Re: Questions For Capital One $50k Single Credit Line Members....

Anonymous — Thu, 30 Jul 2015 00:05:06 GMT

@signaturecardmember wrote:
Hey guys,

I am hoping to gain some insight from those of you with Capital One credit lines of $50k (or close to it) or more on a single account. I am sure others could find this useful as well.....

If you could tell me:

What product?

New account or CLI to get there?

AAOA?

Scores?

Any baddies?

Stated Income?

Utilization?

Total exposure both with C1 and Overall?

If you had to petition for it, who did you contact and how did you request it?

If others have additional questions they think might be helpful to the thread please feel free to add it on.

Do you need 50k CL? Buying a yacht or something? Income would have to support it. And most likely no baddies, but you never know.

Re: Questions For Capital One $50k Single Credit Line Members....

signaturecardmember — Thu, 30 Jul 2015 00:07:33 GMT

needs and (possible) wants are 2 different things lol I am sure some on here could need it though who might be interested to find out. I am not doing it purely for my sake and I am also not asking for those who combined CL's I will note this in the topic question.

Re: Questions For Capital One $50k Single Credit Line Members....

kdm31091 — Thu, 30 Jul 2015 00:11:19 GMT

Without a huge income and assets etc youre unlikely at best to see a 50k approval. Yes, finstar got it, but he/she is also clearly earning a much higher income etc than most of us.

As far as merging you can create the 50k line yourself, but be careful. To me, the higher your limit, the closer youre watched.

Whether you need or want it is irrelevant. More is not always better. Credit limits to income is considered on all apps. Do you want to "use up" 50k on one account? Could hinder future approvals

Re: Questions For Capital One $50k Single Credit Line Members....

Anonymous — Thu, 30 Jul 2015 00:14:02 GMT

@signaturecardmember wrote:
needs and (possible) wants are 2 different things lol I am sure some on here could need it though who might be interested to find out. I am not doing it purely for my sake and I am also not asking for those who combined CL's I will note this in the topic question.

You seem to think that combining is somehow inferior to getting it on one card initially. Really not sure that is true from the issuers viewpoint. I have two cards with them, one $35K and one $20K. So my exposure is $55K. If I combine, I get a $55K card, and my exposure is still $55K. Why would Cap One care one way or the other?

Re: Questions For Capital One $50k Single Credit Line Members....

Anonymous — Thu, 30 Jul 2015 00:17:16 GMT

My goodness me.. OP is just inquiring and asking about data. Whether they qualify for it or not is for them to decide. Do they need a 50k CL you ask? We don't know their salaries or assets...

Re: Questions For Capital One $50k Single Credit Line Members....

happypill — Thu, 30 Jul 2015 00:16:46 GMT

@Anonymous wrote:

Do you need 50k CL? Buying a yacht or something? Income would have to support it. And most likely no baddies, but you never know.

Yahct? $50k wouldn't even get you a dingy

Re: Questions For Capital One $50k Single Credit Line Members....

Anonymous — Thu, 30 Jul 2015 00:17:31 GMT

@happypill wrote:
@Anonymous wrote:

Do you need 50k CL? Buying a yacht or something? Income would have to support it. And most likely no baddies, but you never know.
Yahct? $50k wouldn't even get you a dingy

I was just thinking of a down payment. Or a used one with holes in it

Re: Questions For Capital One $50k Single Credit Line Members....

signaturecardmember — Thu, 30 Jul 2015 00:19:16 GMT

Thank you yes

@Anonymous wrote:
My goodness me.. OP is just inquiring and asking about data. Whether they qualify for it or not is for them to decide.

Thank you!

and I understand that it might be more closely watched etc, I appreciate the advice.

I nowhere said it was inferior, it is just not the data I am looking for.

If other members who do have the data I requested I would appreciate hearing from them like Finstar.

Re: Questions For Capital One $50k Single Credit Line Members....

Anonymous — Thu, 30 Jul 2015 00:28:48 GMT

@signaturecardmember wrote:
Thank you yes
@Anonymous wrote:
My goodness me.. OP is just inquiring and asking about data. Whether they qualify for it or not is for them to decide.

Thank you!

and I understand that it might be more closely watched etc, I appreciate the advice.

I nowhere said it was inferior, it is just not the data I am looking for.

If other members who do have the data I requested I would appreciate hearing from them like Finstar.

@FinStar is pretty good at responding and when he is on, he will respond. But he is also known to provide good background info. on the approval thread so perhaps you can start from there as you wait for him to answer this thread.

Re: Questions For Capital One $50k Single Credit Line Members....

NRB525 — Thu, 30 Jul 2015 02:31:55 GMT

@signaturecardmember wrote:
Hey guys,

I am hoping to gain some insight from those of you with Capital One credit lines of $50k (or close to it) or more on a single account. This is not for those who have combined limits (cheaters ) I am sure others could find this useful as well.....

If you could tell me:

What product? Venture

New account or CLI to get there? New Account. $10k Platinum opened 2003 with never a CLD, never a CLI. No CLI allowed in ~6 tries in the last ~9 months leading up to this app. Platinum was PC to QuickSilver a couple months ago.

AAOA? Something like 6 years, coming down fast due to the number of apps I've done in the last year.

Scores? myFICO says EQ 756 TU 775 EX 765 at the time of the app. Reasons Letter I got from CapOne says 712 EX, on a 325-850 scale, not sure where that came from.

Any baddies? Never.

Stated Income? $135k

Utilization? Something just under 20%

Total exposure both with C1 and Overall? C1 now is $40k, overall with open and reporting accounts is now $174k.

If you had to petition for it, who did you contact and how did you request it? I never recon. Was Instapproval anyway.

If others have additional questions they think might be helpful to the thread please feel free to add it on.

I'll be the first (other than YIM) to stay on topic here. My new Venture is a lousy $30k, but here goes....

Re: Questions For Capital One $50k Single Credit Line Members....

taxi818 — Thu, 30 Jul 2015 02:35:48 GMT

I don't know Finstar's income. Just like LtL. Both of their scores are well over 800. Actually kicking the 850 range. So they are the only ones getting those massive limits. another person got a 60k Quicksilver and he stated his income was over 200k. Its just not many with those. not here at myfico. Maybe 4-7 members total. Thats it. as Kdm said. I would be too chicked to combine. Maybe they get mad at me and shut me down. Not that they can't do that anyway. But wow. one 1 card. no thanks.