topic Re: Capital One - lame CLI offer ends with account closed in Credit Cards

Capital One - lame CLI offer ends with account closed

Anonymous — Mon, 21 May 2018 03:12:40 GMT

My QS1 is almost 3 years old. 100% on-time payments, always PIF. I've even over paid this account twice and C1 had to issue a check for the over payments. They were the second card in by journey, scores near 600 when approved the CL was $300. I've asked for CLI every 6 months after the first year, not always approved. The current limit is a sad $700. I pressed the LUV button, filled on all the fields. They offered $100.... I know the card is bucketed. I've tried to PC link, there are no offers for me. I've also tried the pre-qualify and no offers. So I decided to call in and actually speak to someone. PC, lower interest rate. Nope nadda offers for me, and he saw I refused the CLI. I asked what was the date I needed to cancel the card so I wouldn't be charged the AF. The rep couldn't give me a date, some time in July. I have all my monthly charges on it, I told them I would call back by the end of the week to cancel the card. He asked me to hold on..... came back and said he cancelled all my auto payments. I was horrified!!!!! I asked, oh you set them up on other accounts? I got an 'No, you'll have to do that'. WTH!!!!!! Card cancelled today! GOOD RIDDANCE!!!!!!

DP in signature....

Re: Capital One - lame CLI offer ends with account closed

pipeguy — Mon, 21 May 2018 03:19:56 GMT

Don't feel bad I kicked Cap-1 to the curb several years ago for being not worth my time. Congrats on getting rid of the dead weight.

Re: Capital One - lame CLI offer ends with account closed

Anonymous — Mon, 21 May 2018 03:32:14 GMT

thats funny

i just planned to post the exact same thing.

i had my first credit card from cap 1 after i decided ill start to build my credit.

got $500 limit about 1.5 years ago

since then build it very nice i now have amex blue prefferd, amex platinum, amex business gold, chase sapphire (7k limit) and im getting daily mail offers from citi bank double cash credit card, discover mail me twice already to apply to discover it, and few more small banks.

all of the cards include my car payment have perfect payments with no balance at all every month.

and cap1 offer me upgrade to quicksilver card instead of that platinum(lol) card. but no limit increase, and when i ask for the increase over the website the offer me +$100 ?? really ? are we here to play games ? what ill do with it ? buy ice cream? come on people no way banks and companies around you offer much better options when you agree to add $100 to my limit. seriously ?

Re: Capital One - lame CLI offer ends with account closed

Pikaboo-icu — Mon, 21 May 2018 03:40:12 GMT

Sheesh- that's rotten..

I was annoyed with my lame $300. CLI.

I've had the card like 2.5 years, they gave me auto increases of $300. about twice per year total $3300, with the recent cli it's at $3600.

ppfffttt...

I PC'd it to a QS about 5 months ago- didn't help. lol

Capital One has a place in the credit world but it's not in my wallet.

Re: Capital One - lame CLI offer ends with account closed

Anonymous — Mon, 21 May 2018 04:04:03 GMT

My QS (PCd fr Platinum) is $850,also offered $100 CLI @ 14mos. Have only used for Netflix for months.

Does it make more sense to keep or close oldest card? Close in 4 mo when 1st Amex turns 1yr? Just keep it, remind myself of where I started? They did start me on the road to Chase, Discover, 2 Amex cards (each being 5 to 35 Xs the CL of CapOne).

Re: Capital One - lame CLI offer ends with account closed

Pikaboo-icu — Mon, 21 May 2018 04:14:19 GMT

@Anonymous wrote:
@Anonymous QS (PCd fr Platinum) is $850,also offered $100 CLI @ 14mos. Have only used for Netflix for months.

Does it make more sense to keep or close oldest card? Close in 4 mo when 1st Amex turns 1yr? Just keep it, remind myself of where I started? They did start me on the road to Chase, Discover, 2 Amex cards (each being 5 to 35 Xs the CL of CapOne).

Keeping the oldest account is always recommended as long as you have no annual fee.

Re: Capital One - lame CLI offer ends with account closed

Anonymous — Mon, 21 May 2018 04:23:57 GMT

IMO once you’ve gotten in with Chase or Amex, Cap 1 is pretty much useless. Their rewards structure and card benefits are not as good as their competitors. The Plat or QS1 are good starter cards but not good daily drivers. The SUB on the Venture is good but due to the 3 bureau hard pull it would probably be the very last card I’d get. The only thing that would make me think otherwise is getting a 100k venture offer.

Re: Capital One - lame CLI offer ends with account closed

Anonymous — Mon, 21 May 2018 04:30:22 GMT

I know. But my FICO brain wanders when others mention what I've been thinking. I was set to keep CapOne PCd to whatever it can be someday... maybe at 1k? But I've been seeing more and more ppl saying to go ahead and drop CapOne, it stays for years anyway. CapOne has no respect for "bucket ppl." But, as you say... No fees, no problem there. Maybe it's even good to keep it, remind me never to have to start over again.

@Pikaboo-icu wrote:
@Anonymous wrote:
@Anonymous QS (PCd fr Platinum) is $850,also offered $100 CLI @ 14mos. Have only used for Netflix for months.

Does it make more sense to keep or close oldest card? Close in 4 mo when 1st Amex turns 1yr? Just keep it, remind myself of where I started? They did start me on the road to Chase, Discover, 2 Amex cards (each being 5 to 35 Xs the CL of CapOne).
Keeping the oldest account is always recommended as long as you have no annual fee.

Re: Capital One - lame CLI offer ends with account closed

Anonymous — Mon, 21 May 2018 05:00:53 GMT

BofA is my oldest Visa, I pay an annual fee on that one, but there is a $5500 limit and last year I got almost $400 cash back. BofA has grown with me, hoping for another nice anto CLI in August again. I did get BofA to lower interest, even though I alway pay in full. Until Amex came into my life () I ran almost everything through BofA, 7 year banking relationship as well.

Last year I paid the C1 $39 annaul fee and received less than $50 back. I'm gardening for a long while, C1 doesn't have any products worth the 3 pulls. Hopefully my scores won't drop for long. Also, as of today I didn't even pre-qualify.

I'm glad to break up with C1....it's over, so over!

Re: Capital One - lame CLI offer ends with account closed

Anonymous — Mon, 21 May 2018 05:05:39 GMT

I was charging Nexflix, Hulu and my imperfect produce through it.

Re: Capital One - lame CLI offer ends with account closed

Gollum — Mon, 21 May 2018 05:42:32 GMT

@Anonymous wrote:
@Anonymous QS (PCd fr Platinum) is $850,also offered $100 CLI @ 14mos. Have only used for Netflix for months.

Does it make more sense to keep or close oldest card? Close in 4 mo when 1st Amex turns 1yr? Just keep it, remind myself of where I started? They did start me on the road to Chase, Discover, 2 Amex cards (each being 5 to 35 Xs the CL of CapOne).

I think that depends on how much older your oldest card is than your other cards. My Capital One card is 13 years older than my second oldest, and 19 years older than my third oldest, so I keep it. If all your cards are only a few years old and your Capital One card is only a year or two older, then close the Capital One card if it's stuck in a sub-prime bucket and/or you feel like closing it.

Re: Capital One - lame CLI offer ends with account closed

Brian_Earl_Spilner — Mon, 21 May 2018 15:01:54 GMT

Or, if your credit is very good to excellent now, you could have applied for a new card that wasn't bucketed and combined the old card into it.

Re: Capital One - lame CLI offer ends with account closed

Anonymous — Fri, 15 Jun 2018 00:33:29 GMT

@pipeguy wrote:
Don't feel bad I kicked Cap-1 to the curb several years ago for being not worth my time. Congrats on getting rid of the dead weight.

Unfortunately, I found the best solution for me was to kick all my personal and business Cap1 cards out the door (eight of them). No regrets and I don't look back.

Re: Capital One - lame CLI offer ends with account closed

Anonymous — Mon, 21 May 2018 07:11:16 GMT

That is what I’ve been thinking. I’m 5/24, so the only card I’m interested in now is AmazonPrime Visa. Then garden until I’m below 5/24. Then, branch out, probably to the new Apple/GoldSachs hopefully.

That multiple HP by CapOne. Kinda ridiculous.

Re: Capital One - lame CLI offer ends with account closed

Anonymous — Mon, 21 May 2018 12:45:37 GMT

Everyone in this thread is strange to me. This is such an incredible amount of entitlement broadcasted.

If you haven't read my signature link on high risk cards and asset backed securities, you should read it.

Capital One took a chance on you -- as did investors, private folks -- and just because you found a way to game your credit score does not mean those investors need to reprice your risk. In fact, if you follow any credit forum, you see that a significant portion of folks who got into trouble once will do so again (I burned my FICO score 3 times over 25 years!) -- and that risk-based pricing for ABS tranches almost assumes a better risk ratio than FICO does!

It amazes me that people get emotional over finances. A credit limit is just a price signal. It doesn't mean you're a good or bad person, it's not a judgment of anything but risk.

Re: Capital One - lame CLI offer ends with account closed

joltdude — Mon, 21 May 2018 16:11:52 GMT

@Anonymous wrote:
I was charging Nexflix, Hulu and my imperfect produce through it.

You werent able to get BOA to waive or remove the AF on the CR card?

Did that used to be a secured BOA card?

You *should* be able to get them to remove the AF.....

-J

Re: Capital One - lame CLI offer ends with account closed

pipeguy — Mon, 21 May 2018 16:57:28 GMT

@Anonymous wrote:
Everyone in this thread is strange to me. This is such an incredible amount of entitlement broadcasted.

If you haven't read my signature link on high risk cards and asset backed securities, you should read it.

Capital One took a chance on you -- as did investors, private folks -- and just because you found a way to game your credit score does not mean those investors need to reprice your risk. In fact, if you follow any credit forum, you see that a significant portion of folks who got into trouble once will do so again (I burned my FICO score 3 times over 25 years!) -- and that risk-based pricing for ABS tranches almost assumes a better risk ratio than FICO does!

It amazes me that people get emotional over finances. A credit limit is just a price signal. It doesn't mean you're a good or bad person, it's not a judgment of anything but risk.

I'm not going to take the bait of your post, but I disagree with your comments on this thread - I'll leave it at that.

Re: Capital One - lame CLI offer ends with account closed

Anonymous — Mon, 21 May 2018 17:02:37 GMT

It's only after finding this forum that I realize that Cap One has been fairly good to me. They gave me a CC 3.5 years post BK7 with a decent $3k SL and then gave me Auto CLI's and an Auto PC, then another Auto CLI. Prior to this forum, I had no idea about buckets, or that an auto CLI meant anything, having thought they just wanted me to spend more money. I have better cards now, but Cap One still has a place as they helped pave the way to these better cards. Just my 2c.

Re: Capital One - lame CLI offer ends with account closed

CreditCuriosity — Mon, 21 May 2018 18:02:10 GMT

This thread is being monitored... Please keep it FSR.

Re: Capital One - lame CLI offer ends with account closed

Anonymous — Mon, 21 May 2018 18:13:55 GMT

@CreditCuriosity wrote:
This thread is being monitored... Please keep it FSR.

Thank you ...