topic Re: Capital One BuyPower GM in Credit Cards

Capital One BuyPower GM

Anonymous — Sat, 05 Sep 2015 21:50:29 GMT

This is my lowest limit card at $300. I tried to recon the starting limit 5 months ago when I got it. No go. I'm considering closing it since I believe it to be not worth growing. As I was surfing the account page I saw the luv button. I would consider keeping this card open another 6-12 months for utilization if I could get an increase with out a hard pull.
Has anyone attempted an increase on this card yet? Was it a hard or soft pull?

Re: Capital One BuyPower GM

NRB525 — Sat, 05 Sep 2015 22:29:55 GMT

It is Capital One so it should be a SP request.

Re: Capital One BuyPower GM

Anonymous — Sat, 05 Sep 2015 23:02:46 GMT

Re: Capital One BuyPower GM

Anonymous — Sun, 06 Sep 2015 03:18:14 GMT

Okay so I went back online and started the CLI request. When I did, it specifically asked me for permission to pull my credit report!!

When was the last time anyone requested a CLI on this card? Recently? Did they ask you the same question when you did, and it was still a soft pull?

Thanks in advance

Re: Capital One BuyPower GM

noobody — Sun, 06 Sep 2015 03:46:03 GMT

regular Cap1 card: 3HP for application, SP CLI cobrand including GM card: 1HP for application, HP for customer initiated CLI request

Re: Capital One BuyPower GM

CreditMagic7 — Sun, 06 Sep 2015 04:20:53 GMT

@Anonymous wrote:
This is my lowest limit card at $300. I tried to recon the starting limit 5 months ago when I got it. No go. I'm considering closing it since I believe it to be not worth growing. As I was surfing the account page I saw the luv button. I would consider keeping this card open another 6-12 months for utilization if I could get an increase with out a hard pull.
Has anyone attempted an increase on this card yet? Was it a hard or soft pull?

My 2 cents worth if it can be of any use to you.

http://ficoforums.myfico.com/t5/Credit-Cards/Garden-Club-September-2015/td-p/4210592/page/35

Re: Capital One BuyPower GM

Anonymous — Sun, 06 Sep 2015 12:22:38 GMT

Well I attempted a CLI on this card and got the 7-10 day message. At first I thought it was a decline but now I am not so sure. I read another post on MyFico that said the OP got an increase 2 days after getting the 7-10 day message. Although the limit is only $300, as you can imagine, I have had to pay in full several times a month to be able to use it. I only did this with the hopes I would someday get a decent limit. I will post here for future referance for anyone with this card any updates I recieve. Thank you MyFicoers!

Re: Capital One BuyPower GM

fedxboy — Sun, 06 Sep 2015 12:33:32 GMT

@Anonymous wrote:
Well I attempted a CLI on this card and got the 7-10 day message. At first I thought it was a decline but now I am not so sure. I read another post on MyFico that said the OP got an increase 2 days after getting the 7-10 day message. Although the limit is only $300, as you can imagine, I have had to pay in full several times a month to be able to use it. I only did this with the hopes I would someday get a decent limit. I will post here for future referance for anyone with this card any updates I recieve. Thank you MyFicoers!

If it's any consolation, I've had my card since Oct 2014 (11 months) and I just requested a CLI and got the same message:

My SL was 3k and I'm still at 3k

Request a Credit Limit Increase

Thank you. We have received your request for a Credit Limit Increase. You will receive a decision via postal mail within 7-10 days.

Re: Capital One BuyPower GM

Anonymous — Sun, 06 Sep 2015 13:47:43 GMT

Hmmm, maybe its not a decline? Please let me know as soon as you hear from them! In the meantime I'll pray its an increase!

Re: Capital One BuyPower GM

CreditMagic7 — Sun, 06 Sep 2015 16:42:03 GMT

@fedxboy wrote:
@Anonymous wrote:
Well I attempted a CLI on this card and got the 7-10 day message. At first I thought it was a decline but now I am not so sure. I read another post on MyFico that said the OP got an increase 2 days after getting the 7-10 day message. Although the limit is only $300, as you can imagine, I have had to pay in full several times a month to be able to use it. I only did this with the hopes I would someday get a decent limit. I will post here for future referance for anyone with this card any updates I recieve. Thank you MyFicoers!
If it's any consolation, I've had my card since Oct 2014 (11 months) and I just requested a CLI and got the same message:
My SL was 3k and I'm still at 3k

Request a Credit Limit Increase
Thank you. We have received your request for a Credit Limit Increase. You will receive a decision via postal mail within 7-10 days.

After dinkering with this (very first Cap1 card) a couple years ago myself before going prime with them, i'm of the humble opinion (and from experience) that their GM sponsorship of this card is not of very much interest to Capital One in the whole scheme of things. IIRC i wasted 2 HP's over the course of time that i held it and that's even going thru the EO route. After i closed it at 1 year i realized that their PreQual page offered much better cards that do make SP CLI's possible and such (better cards). I wouldn't expect much if anything if anyone is trying to make the GM Card grow for them. IMHO Capital One just doesn't seem to have much if any confidence in that affiliation with GM to offer any real progress for it and they should know. Just look at their other ones in comparison and draw your own conclusions.

Re: Capital One BuyPower GM

taxi818 — Sun, 06 Sep 2015 17:11:04 GMT

@Anonymous wrote:
Well I attempted a CLI on this card and got the 7-10 day message. At first I thought it was a decline but now I am not so sure. I read another post on MyFico that said the OP got an increase 2 days after getting the 7-10 day message. Although the limit is only $300, as you can imagine, I have had to pay in full several times a month to be able to use it. I only did this with the hopes I would someday get a decent limit. I will post here for future referance for anyone with this card any updates I recieve. Thank you MyFicoers!

You said you only had it 5 months. the general rule with cap one is 6 months of having card to get the cli. there are some exceptions. Being the Venture card and sometimes Quicksilver. Bujt for the most part. its 6 months if you want to be successful. Of course you can hit the button weekly if you like. But it is to no effect.

Re: Capital One BuyPower GM

FinStar — Sun, 06 Sep 2015 17:14:26 GMT

@taxi818 wrote:
@Anonymous wrote:
Well I attempted a CLI on this card and got the 7-10 day message. At first I thought it was a decline but now I am not so sure. I read another post on MyFico that said the OP got an increase 2 days after getting the 7-10 day message. Although the limit is only $300, as you can imagine, I have had to pay in full several times a month to be able to use it. I only did this with the hopes I would someday get a decent limit. I will post here for future referance for anyone with this card any updates I recieve. Thank you MyFicoers!
You said you only had it 5 months. the general rule with cap one is 6 months of having card to get the cli. there are some exceptions. Being the Venture card and sometimes Quicksilver. Bujt for the most part. its 6 months if you want to be successful. Of course you can hit the button weekly if you like. But it is to no effect.

Taxi - this is for the GM BuyPOwer card the OP is referencing. This is not the Capital One legacy CCs, such as Venture/VentureOne, QS, QS1, etc. The GM co-branded products is handled differently when it comes to CLIs.

As CreditMagic pointed out, this may not even be a fruitful outcome for the OP in the long run, given where she started with this card.

Re: Capital One BuyPower GM

taxi818 — Sun, 06 Sep 2015 17:18:09 GMT

@FinStar wrote:
@taxi818 wrote:
@Anonymous wrote:
Well I attempted a CLI on this card and got the 7-10 day message. At first I thought it was a decline but now I am not so sure. I read another post on MyFico that said the OP got an increase 2 days after getting the 7-10 day message. Although the limit is only $300, as you can imagine, I have had to pay in full several times a month to be able to use it. I only did this with the hopes I would someday get a decent limit. I will post here for future referance for anyone with this card any updates I recieve. Thank you MyFicoers!
You said you only had it 5 months. the general rule with cap one is 6 months of having card to get the cli. there are some exceptions. Being the Venture card and sometimes Quicksilver. Bujt for the most part. its 6 months if you want to be successful. Of course you can hit the button weekly if you like. But it is to no effect.
Taxi - this is for the GM BuyPOwer card the OP is referencing. This is not the Capital One legacy CCs, such as Venture/VentureOne, QS, QS1, etc. The GM co-branded products is handled differently when it comes to CLIs.

As CreditMagic pointed out, this may not even be a fruitful outcome for the OP in the long run, given where she started with this card.

Wow. so they are even tighter than what they are with this card? Thats a shame. I thought this was the card that magic got a $600 Wemc with.

Re: Capital One BuyPower GM

CreditMagic7 — Sun, 06 Sep 2015 17:48:34 GMT

@taxi818 wrote:
@FinStar wrote:
@taxi818 wrote:
@Anonymous wrote:
Well I attempted a CLI on this card and got the 7-10 day message. At first I thought it was a decline but now I am not so sure. I read another post on MyFico that said the OP got an increase 2 days after getting the 7-10 day message. Although the limit is only $300, as you can imagine, I have had to pay in full several times a month to be able to use it. I only did this with the hopes I would someday get a decent limit. I will post here for future referance for anyone with this card any updates I recieve. Thank you MyFicoers!
You said you only had it 5 months. the general rule with cap one is 6 months of having card to get the cli. there are some exceptions. Being the Venture card and sometimes Quicksilver. Bujt for the most part. its 6 months if you want to be successful. Of course you can hit the button weekly if you like. But it is to no effect.
Taxi - this is for the GM BuyPOwer card the OP is referencing. This is not the Capital One legacy CCs, such as Venture/VentureOne, QS, QS1, etc. The GM co-branded products is handled differently when it comes to CLIs.

As CreditMagic pointed out, this may not even be a fruitful outcome for the OP in the long run, given where she started with this card.
Wow. so they are even tighter than what they are with this card? Thats a shame. I thought this was the card that magic got a $600 Wemc with.

IT IS! or better yet, WAS

And thanks for the reminder. It was indeed a $600 WEMC not $500, but then it's a memory i had all but dismissed for good.

Capital One has turned it around in a big way for me and currently is one of my Best lenders now

Re: Capital One BuyPower GM

FinStar — Sun, 06 Sep 2015 17:50:31 GMT

@taxi818 wrote:
@FinStar wrote:
@taxi818 wrote:
@Anonymous wrote:
Well I attempted a CLI on this card and got the 7-10 day message. At first I thought it was a decline but now I am not so sure. I read another post on MyFico that said the OP got an increase 2 days after getting the 7-10 day message. Although the limit is only $300, as you can imagine, I have had to pay in full several times a month to be able to use it. I only did this with the hopes I would someday get a decent limit. I will post here for future referance for anyone with this card any updates I recieve. Thank you MyFicoers!
You said you only had it 5 months. the general rule with cap one is 6 months of having card to get the cli. there are some exceptions. Being the Venture card and sometimes Quicksilver. Bujt for the most part. its 6 months if you want to be successful. Of course you can hit the button weekly if you like. But it is to no effect.
Taxi - this is for the GM BuyPOwer card the OP is referencing. This is not the Capital One legacy CCs, such as Venture/VentureOne, QS, QS1, etc. The GM co-branded products is handled differently when it comes to CLIs.

As CreditMagic pointed out, this may not even be a fruitful outcome for the OP in the long run, given where she started with this card.
Wow. so they are even tighter than what they are with this card? Thats a shame. I thought this was the card that magic got a $600 Wemc with.

Yep - that is THE card that he got and later closed a year later - but hey it was WEMC!! There's been others with similar outcomes. By the same token, there have been individuals who qualified for a good SL when approved and have received some decent auto-CLIs as well.

Re: Capital One BuyPower GM

CreditMagic7 — Sun, 06 Sep 2015 18:31:58 GMT

@FinStar wrote:
@taxi818 wrote:
@FinStar wrote:
@taxi818 wrote:
@Anonymous wrote:
Well I attempted a CLI on this card and got the 7-10 day message. At first I thought it was a decline but now I am not so sure. I read another post on MyFico that said the OP got an increase 2 days after getting the 7-10 day message. Although the limit is only $300, as you can imagine, I have had to pay in full several times a month to be able to use it. I only did this with the hopes I would someday get a decent limit. I will post here for future referance for anyone with this card any updates I recieve. Thank you MyFicoers!
You said you only had it 5 months. the general rule with cap one is 6 months of having card to get the cli. there are some exceptions. Being the Venture card and sometimes Quicksilver. Bujt for the most part. its 6 months if you want to be successful. Of course you can hit the button weekly if you like. But it is to no effect.
Taxi - this is for the GM BuyPOwer card the OP is referencing. This is not the Capital One legacy CCs, such as Venture/VentureOne, QS, QS1, etc. The GM co-branded products is handled differently when it comes to CLIs.

As CreditMagic pointed out, this may not even be a fruitful outcome for the OP in the long run, given where she started with this card.
Wow. so they are even tighter than what they are with this card? Thats a shame. I thought this was the card that magic got a $600 Wemc with.
Yep - that is THE card that he got and later closed a year later - but hey it was WEMC!! There's been others with similar outcomes. By the same token, there have been individuals who qualified for a good SL when approved and have received some decent auto-CLIs as well.

Oddly enough what FinStar makes mention of is true.

During my time with that card i did happen to run across "some" posts of $5K- maybe even $10K limits on it.

But that was well over a year ago and i've not really seen any similars on that level for the card since.

I think whats possibly more important is that since it's a co-branded manufacturer card it will most certainly not offer what the OP is expecting in comparison to Capital Ones mainstreams.

Re: Capital One BuyPower GM

Shooting-For-800 — Sat, 17 Oct 2015 02:04:28 GMT

@taxi818 wrote:
@Anonymous wrote:
Well I attempted a CLI on this card and got the 7-10 day message. At first I thought it was a decline but now I am not so sure. I read another post on MyFico that said the OP got an increase 2 days after getting the 7-10 day message. Although the limit is only $300, as you can imagine, I have had to pay in full several times a month to be able to use it. I only did this with the hopes I would someday get a decent limit. I will post here for future referance for anyone with this card any updates I recieve. Thank you MyFicoers!
You said you only had it 5 months. the general rule with cap one is 6 months of having card to get the cli. there are some exceptions. Being the Venture card and sometimes Quicksilver. Bujt for the most part. its 6 months if you want to be successful. Of course you can hit the button weekly if you like. But it is to no effect.

i received cli on 3 QS siggys within 2-4 months of opening.

Re: Capital One BuyPower GM

pipeguy — Sat, 17 Oct 2015 03:30:26 GMT

FWIW I got a $5k SL on the GM Card October 2014, which was kicked up to $10,000 I think in December 2014 where it sits today. I do use it enough to hit the 5% / $5000 spend to book $250 a year towards a new car in the future.

Funny thing is I got a $5k SL on a Venture one card August 2014 which I have used a bunch and carried a balance during the 0% period and it sits today at the starting limit of $5000 - I request an increase every month on the Venture one and they always have an excuse. Both cards are paid in full today. Tonight I even went on Capital One "Live Chat" - totally worthless waste of time (told me to use the luv buttom). I don't even carry the Venture one anymore, it's probably on my 2016 chopping block list to close.

Capital One is just a strange company with strange lending standards.

No missed payments, good income, 30+ open and in good standing accounts, scores are all in the 700's, less than 5% utility with a balance on only two accounts (discover 0% balance transfer and a Lowes 84 month 5.99% special financing)