topic Re: Capital One tightening up? in Credit Cards

Capital One tightening up?

redneck18 — Fri, 10 Mar 2017 13:21:28 GMT

In February I submitted for CLI after the third statement, only offered $100 so I declined until I got my Spark card paid down a little. Two weeks later tried again and got no offer, reason said too many inquiries.

This week we submitted for my wife a CLI as its been 6 months since the previous one and other accounts open a year. A lot of use, multiple large payments, FICO's all above 650, and it came back also with too many inquiries. Neither of us have over 10, more than I care to have but also part of our long term plan. I think CO has become more sensitive, just thought others could use the data points.

Re: Capital One tightening up?

Anonymous — Fri, 10 Mar 2017 14:30:36 GMT

Yeah i think it must be all up to who is doing it, i just got to low of monthly payments made, but i also got to many new inquiries

Re: Capital One tightening up?

Anonymous — Fri, 10 Mar 2017 14:36:56 GMT

Something seems to be changing. I have always been PQ'd for multiple cards when checking and they have given me multiple $3K CLIs on my Venture over the last 18 months. While I don't need another Capital One card, I check their PQ form every so often....just because. Lately (last month or so), I have not been PQ'd for anything. I am interested to see what the next 6-month CLI request will offer, if anything.

Re: Capital One tightening up?

redneck18 — Fri, 10 Mar 2017 14:42:17 GMT

It makes me wonder if these banks know about something coming down the pipe us lowly people aren't aware of just yet.

Re: Capital One tightening up?

Anonymous — Fri, 10 Mar 2017 14:49:39 GMT

Maybe it has something to do with the rumors of Amazon looking to buy Capital One.

Re: Capital One tightening up?

MyLoFICO — Fri, 10 Mar 2017 14:58:42 GMT

@Anonymous wrote:
Maybe it has something to do with the rumors of Amazon looking to buy Capital One.

Amazon One

Re: Capital One tightening up?

redneck18 — Fri, 10 Mar 2017 15:05:39 GMT

I had non heard this rumor. MyLo, LOL.

Re: Capital One tightening up?

Anonymous — Fri, 10 Mar 2017 15:11:39 GMT

I can't get a prequalified offer from Capital One to save my life. Just deposited $10,000 in one of their savings accounts to get a $200 bonus and to hopefully get on their radar, and still no offers.

Re: Capital One tightening up?

MyLoFICO — Fri, 10 Mar 2017 15:18:11 GMT

@Anonymous wrote:
I can't get a prequalified offer from Capital One to save my life. Just deposited $10,000 in one of their savings accounts to get a $200 bonus and to hopefully get on their radar, and still no offers.

Same here. I have given up on Crapital One. I have a Spark Classic and a QS1. I will PC them and CLI them to death but this time next year I will be eligible for a Chase Ink for my business and then Crapital One will get SD'd to death. Too little reward for 3 HP's

Re: Capital One tightening up?

Anonymous — Fri, 10 Mar 2017 15:23:18 GMT

Just got the Ink Plus bonus and it is awesome. Some may get excited about the CSR bonus, but Ink Plus is probably the better value. Good luck on the app!

Re: Capital One tightening up?

MyLoFICO — Fri, 10 Mar 2017 17:33:18 GMT

@Anonymous wrote:
Just got the Ink Plus bonus and it is awesome. Some may get excited about the CSR bonus, but Ink Plus is probably the better value. Good luck on the app!

I want the Ink with that bonus so bad. I place an order a week through my distributor and the orders are always over $10k so the spend requirement would be met in about 20 minutes.

Re: Capital One tightening up?

Dalmus — Fri, 10 Mar 2017 17:56:23 GMT

I think it circles back to the thread about how no matter what the norm is, YMMV.

I was just refused for a 6 month CLI on my Playstation VISA, but a day later I was approved for a $15K SL on a new Venture.

Their automated CLI function has always been a little weird... For the longest time, I was refused CLI's and account combos because it claimed I had a recent late payment on one of my cards with them even though I haven't had a late payment on anything since 2013.

Re: Capital One tightening up?

Chickenpotpie — Fri, 10 Mar 2017 20:44:56 GMT

CapOne is an odd duck. Don't get me wrong, they were great when I needed them, but past a certain point, they wouldn't give me a CLI for nothing. The card was stuck at 3500. Never mind the low IQ's, never mind I had a high score (it was 740 at the time). the excuses were weird and stupid. Like the too many new accts one. At the time I had a car. One new acct, whoopdedoo.....

Ok so I let them sit in my wallet while I went through the house process, which in the meantime my highest score hit 780... but after I got my house, I called and told them I was closing the account. They asked why, I told them because strangely enough I coudln't get a raise from them. they said, hmm ok, we'll close your account... no retention at all! So fine, they got replaced with with NFCU with a 25000 SL and a much better APR.

Some banks just aren't into you. OP maybe its just time to move on to another bank.

Re: Capital One tightening up?

delaney1 — Fri, 10 Mar 2017 20:53:20 GMT

I think it's ymmv as always. I have a QS and Venture. I got a 3k cli on both in the last month.

Re: Capital One tightening up?

Anonymous — Fri, 10 Mar 2017 21:34:01 GMT

I and my DH have also been trying to get regular 6 month increases with Cap1 - however - both of us keep getting denied for too many INQ's. I - like the others - believe something must be going on there. We had WAY more INQ's last year and were granted CLI's all the time. Who knows...

Re: Capital One tightening up?

blondy250 — Fri, 10 Mar 2017 21:40:42 GMT

@redneck18 wrote:
It makes me wonder if these banks know about something coming down the pipe us lowly people aren't aware of just yet.

If you read the financial news or news in general, you'd be aware credit card debt compared to income is at an all time high. I'm sure the CC companies are aware and are taking steps to protect there investors as they should.

Re: Capital One tightening up?

Blackswizz750 — Fri, 10 Mar 2017 21:57:08 GMT

I got 100 bucks as well on my newer QS1. Nothing for me old QS1. And 250 on my GM Card. If you ask me they always been tight .

Re: Capital One tightening up?

Anonymous — Fri, 10 Mar 2017 21:58:10 GMT

The declined my 6 mo CLI for the same reason. I'm gonna close them if they don't give me one soon. It is already my lowest limit card. :/

Re: Capital One tightening up?

Anonymous — Fri, 10 Mar 2017 21:59:28 GMT

Capital Prime?

Re: Capital One tightening up?

Anonymous — Fri, 10 Mar 2017 22:03:20 GMT

Got Capital One platinum in 06 with a 610 score and a 750 cl----fast forward to 2017 -- cl 1750 score 785 and they refuse to give me a limit increase---CLOSED ACCOUNT---SCREW CAPITAL ONE