topic Re: Capital One is funny! in Credit Cards

Capital One is funny!

Klineact — Fri, 21 Apr 2023 18:27:26 GMT

I had a crap one card I opened when I was rebuilding which started close to 7 years ago. The card started with a $500 platinum and eventually they gave me another $500 quicksilver which I combined with the original platinum so I have had a $1000 CL since 2016. Techinically since I had to close another card and move the credit line over they never gave me a real CLI on this card and I have tried over the years dozens of times. Denied every time... Tried heavy use and PIF tried revolving balance you name it. never late on that or any card in the past 7 years. I have 1 card with a less than 2K balance out of $126K in available credit my scores are all in the 700's these days. I determined the platinum card was bucketed. Last year they said I was preapproved for a walmart card and gave me another $300 CL card LOL I closed it last week. I told them look I have been a customer for several years now I have good credit and never got a CLI i will give cap one 30 days or I am closing the card. I dont need it I have several f figure limit cards.

Last night Crap One sends me an email congratulating me and telling me based on my great history with them I am eligible for a reward card upgrade with no application, no impact to my score, and I will keep same account number and history. I thought ok maybe they are finally doing the right thing by me. I had a choice of savor one or quicksilver I went with savor one and I even got to keep the same $1000 CL ! LOL I then did the upgrade which showed immediately on my app and I figured ok let me try now once more for a CLI ...much to my disbelief after 7 years it said congratulations!! I was in shock until I saw the CLI was $100 LOL Is that funny or what? Should I just close this card now or wait to try for another CLI later down the road? While I found it funny it is also pathetic in a way too. I feel like despite this small move to keep me as a customer, this new Savor card wont probably ever increase either. Thoughts on what to do with this card bc I was about to close it by the end of this month.

Re: Capital One is funny!

GZG — Fri, 21 Apr 2023 18:31:20 GMT

if you order any ubereats at all, savor one is 10% off until like Nov 2024

Capital One and Uber are teaming up, again. Starting today, Savor and SavorOne cardholders can automatically earn an unlimited 10% cashback on Uber and Uber Eats when they use their card. Plus, they can enjoy a complimentary Uber One membership, valued up to a total of $239, until November 14, 2024, which unlocks up to 5% off eligible rides with Uber and up to 10% off Uber Eats orders in addition to $0 Delivery Fee on qualifying restaurants, groceries and more.

it's worth keeping just for that imo

Re: Capital One is funny!

FireMedic1 — Fri, 21 Apr 2023 19:09:12 GMT

It wasnt a C*** ( I did the bleep) card when you were approved when you started to rebuild. Excited then. Probably all you could have gotten back then. Once a bucket. Always a bucket. It is what it is. Not happy. Close it. If you like @GZG idea. Keep it. Dont forget your roots where you started from.

Re: Capital One is funny!

Creditwiser — Fri, 21 Apr 2023 19:22:15 GMT

@Klineact wrote:
I had a crap one card I opened when I was rebuilding which started close to 7 years ago. The card started with a $500 platinum and eventually they gave me another $500 quicksilver which I combined with the original platinum so I have had a $1000 CL since 2016. Techinically since I had to close another card and move the credit line over they never gave me a real CLI on this card and I have tried over the years dozens of times. Denied every time... Tried heavy use and PIF tried revolving balance you name it. never late on that or any card in the past 7 years. I have 1 card with a less than 2K balance out of $126K in available credit my scores are all in the 700's these days. I determined the platinum card was bucketed. Last year they said I was preapproved for a walmart card and gave me another $300 CL card LOL I closed it last week. I told them look I have been a customer for several years now I have good credit and never got a CLI i will give cap one 30 days or I am closing the card. I dont need it I have several f figure limit cards.

Last night Crap One sends me an email congratulating me and telling me based on my great history with them I am eligible for a reward card upgrade with no application, no impact to my score, and I will keep same account number and history. I thought ok maybe they are finally doing the right thing by me. I had a choice of savor one or quicksilver I went with savor one and I even got to keep the same $1000 CL ! LOL I then did the upgrade which showed immediately on my app and I figured ok let me try now once more for a CLI ...much to my disbelief after 7 years it said congratulations!! I was in shock until I saw the CLI was $100 LOL Is that funny or what? Should I just close this card now or wait to try for another CLI later down the road? While I found it funny it is also pathetic in a way too. I feel like despite this small move to keep me as a customer, this new Savor card wont probably ever increase either. Thoughts on what to do with this card bc I was about to close it by the end of this month.

@FireMedic1 reply above makes a very good point. And, it obviusly is what it is with the bucket. From where I sit, it seems to depend on what other cards you have laying around. A 7 or so year rebuild should have you in a place by now to have app'd for decent cards. What even has you entertaining the idea with Cap 1 ? Keeping the bottom feeders for Uber would not be my choice but it depends on where your priorities are. We're all pretty unique in that way.

Re: Capital One is funny!

Klineact — Fri, 21 Apr 2023 19:21:53 GMT

Why the hostility ? Geez ... It actually was a crap card back then and it is still a crap card. yes they gave me a card which was nice as did others at the time but I am the one who has demonstrated nothing but responsible behavioe for the past decade so forgive me but I will take some if not most of the credit. I have several as I said 5 figure limits on many cards and a few months ago Cap one despite high scores they still gave me a $300 walmart card. They suck. period.

Re: Capital One is funny!

Klineact — Fri, 21 Apr 2023 19:33:39 GMT

I am only thinking of keeping it mainly bc it is something I can let my son use and he cant abuse it. I am out of town a lot and I like to make sure he has a card in case he needs it for food gas etc. if he should ever run out of cash. That is the only reason I am even entertaining the thought of keeping one low limit... the rest are either now closed or will be closed this weekend.

@Creditwiser wrote:
@Klineact wrote:
I had a crap one card I opened when I was rebuilding which started close to 7 years ago. The card started with a $500 platinum and eventually they gave me another $500 quicksilver which I combined with the original platinum so I have had a $1000 CL since 2016. Techinically since I had to close another card and move the credit line over they never gave me a real CLI on this card and I have tried over the years dozens of times. Denied every time... Tried heavy use and PIF tried revolving balance you name it. never late on that or any card in the past 7 years. I have 1 card with a less than 2K balance out of $126K in available credit my scores are all in the 700's these days. I determined the platinum card was bucketed. Last year they said I was preapproved for a walmart card and gave me another $300 CL card LOL I closed it last week. I told them look I have been a customer for several years now I have good credit and never got a CLI i will give cap one 30 days or I am closing the card. I dont need it I have several f figure limit cards.

Last night Crap One sends me an email congratulating me and telling me based on my great history with them I am eligible for a reward card upgrade with no application, no impact to my score, and I will keep same account number and history. I thought ok maybe they are finally doing the right thing by me. I had a choice of savor one or quicksilver I went with savor one and I even got to keep the same $1000 CL ! LOL I then did the upgrade which showed immediately on my app and I figured ok let me try now once more for a CLI ...much to my disbelief after 7 years it said congratulations!! I was in shock until I saw the CLI was $100 LOL Is that funny or what? Should I just close this card now or wait to try for another CLI later down the road? While I found it funny it is also pathetic in a way too. I feel like despite this small move to keep me as a customer, this new Savor card wont probably ever increase either. Thoughts on what to do with this card bc I was about to close it by the end of this month.
@FireMedic1 reply above makes a very good point. And, it obviusly is what it is with the bucket. From where I sit, it seems to depend on what other cards you have laying around. A 7 or so year rebuild should have you in a place by now to have app'd for decent cards. What even has you entertaining the idea with Cap 1 ? Keeping the bottom feeders for Uber would not be my choice but it depends on where your priorities are. We're all pretty unique in that way.

Re: Capital One is funny!

FireMedic1 — Fri, 21 Apr 2023 21:18:10 GMT

Theres no hostility. Im one who appriciates the ones who gave me a card out of BK with crummy scores. I am a loyal type. See RIP below. I had 2 bucket cards. They went bye bye after back in 2017-18 I was approved for the 3 Cap1's below at $10,000. The good ole days. I had to take what i could get back then. It just irks me that posters (Any Poster. Not picking on you) wouldnt have gotten started with any lender. Fresh or a rebuild and then want to trash the creditor for the card they kept. Where would you be without them? The old saying. How soon they forget. Like I said. If you dont like it as with any other unhappy poster. Close it. Lifes to short over a credit card. Thats all I meant.

Re: Capital One is funny!

fury1995 — Sat, 22 Apr 2023 01:13:13 GMT

Congrats on your credit limit increase.

Capital One is usually the one getting cr*pped on and then forgives and forgets. Be glad you have gotten to a place where you can complain about what is really considered a core issuer while many others are struggling to get to where you were yesterday.

Best of luck with your credit progress!

Re: Capital One is funny!

Shooting-For-800 — Sat, 22 Apr 2023 04:23:40 GMT

@Klineact wrote:
Why the hostility ? Geez ... It actually was a crap card back then and it is still a crap card. yes they gave me a card which was nice as did others at the time but I am the one who has demonstrated nothing but responsible behavioe for the past decade so forgive me but I will take some if not most of the credit. I have several as I said 5 figure limits on many cards and a few months ago Cap one despite high scores they still gave me a $300 walmart card. They suck. period.

No, they suck for you. They don't suck for everyone. They have treated me very well over years.

Re: Capital One is funny!

SUPERSQUID — Sat, 22 Apr 2023 10:01:55 GMT

@Klineact wrote:
I had a crap one card I opened when I was rebuilding which started close to 7 years ago. The card started with a $500 platinum and eventually they gave me another $500 quicksilver which I combined with the original platinum so I have had a $1000 CL since 2016. Techinically since I had to close another card and move the credit line over they never gave me a real CLI on this card and I have tried over the years dozens of times. Denied every time... Tried heavy use and PIF tried revolving balance you name it. never late on that or any card in the past 7 years. I have 1 card with a less than 2K balance out of $126K in available credit my scores are all in the 700's these days. I determined the platinum card was bucketed. Last year they said I was preapproved for a walmart card and gave me another $300 CL card LOL I closed it last week. I told them look I have been a customer for several years now I have good credit and never got a CLI i will give cap one 30 days or I am closing the card. I dont need it I have several f figure limit cards.

Last night Crap One sends me an email congratulating me and telling me based on my great history with them I am eligible for a reward card upgrade with no application, no impact to my score, and I will keep same account number and history. I thought ok maybe they are finally doing the right thing by me. I had a choice of savor one or quicksilver I went with savor one and I even got to keep the same $1000 CL ! LOL I then did the upgrade which showed immediately on my app and I figured ok let me try now once more for a CLI ...much to my disbelief after 7 years it said congratulations!! I was in shock until I saw the CLI was $100 LOL Is that funny or what? Should I just close this card now or wait to try for another CLI later down the road? While I found it funny it is also pathetic in a way too. I feel like despite this small move to keep me as a customer, this new Savor card wont probably ever increase either. Thoughts on what to do with this card bc I was about to close it by the end of this month.

Heres another one to make you scratch your head. I received an automatic cli on my savor one of 100, then a few months later I get an email that congratulations your QS limit has received a cli from 2k - 5k, a 3k cli. nothing in my reports changed between those 2 cli's.

then when my savor one was due for another cli i get denied.

Re: Capital One is funny!

Gollum — Sat, 22 Apr 2023 10:43:34 GMT

@Klineact wrote:
I had a crap one card I opened when I was rebuilding which started close to 7 years ago. The card started with a $500 platinum and eventually they gave me another $500 quicksilver which I combined with the original platinum so I have had a $1000 CL since 2016. Techinically since I had to close another card and move the credit line over they never gave me a real CLI on this card and I have tried over the years dozens of times. Denied every time... Tried heavy use and PIF tried revolving balance you name it. never late on that or any card in the past 7 years. I have 1 card with a less than 2K balance out of $126K in available credit my scores are all in the 700's these days. I determined the platinum card was bucketed. Last year they said I was preapproved for a walmart card and gave me another $300 CL card LOL I closed it last week. I told them look I have been a customer for several years now I have good credit and never got a CLI i will give cap one 30 days or I am closing the card. I dont need it I have several f figure limit cards.

Last night Crap One sends me an email congratulating me and telling me based on my great history with them I am eligible for a reward card upgrade with no application, no impact to my score, and I will keep same account number and history. I thought ok maybe they are finally doing the right thing by me. I had a choice of savor one or quicksilver I went with savor one and I even got to keep the same $1000 CL ! LOL I then did the upgrade which showed immediately on my app and I figured ok let me try now once more for a CLI ...much to my disbelief after 7 years it said congratulations!! I was in shock until I saw the CLI was $100 LOL Is that funny or what? Should I just close this card now or wait to try for another CLI later down the road? While I found it funny it is also pathetic in a way too. I feel like despite this small move to keep me as a customer, this new Savor card wont probably ever increase either. Thoughts on what to do with this card bc I was about to close it by the end of this month.

I would keep the new SavorOne credit card.

Once in a while, I phone Capital One to ask to change/transfer/whatever my Platinum credit card (don't be fooled by its low credit limit in my signature: I voluntarily reduced its credit limit from $10,500 to $500) to the SavorOne but my request is always denied.

Edit: I just checked again via phone, and my only option to change/transfer/whatever my Platinum is QuicksilverOne. I declined.

Re: Capital One is funny!

SouthJamaica — Sat, 22 Apr 2023 14:36:17 GMT

@Klineact wrote:
I had a crap one card I opened when I was rebuilding which started close to 7 years ago. The card started with a $500 platinum and eventually they gave me another $500 quicksilver which I combined with the original platinum so I have had a $1000 CL since 2016. Techinically since I had to close another card and move the credit line over they never gave me a real CLI on this card and I have tried over the years dozens of times. Denied every time... Tried heavy use and PIF tried revolving balance you name it. never late on that or any card in the past 7 years. I have 1 card with a less than 2K balance out of $126K in available credit my scores are all in the 700's these days. I determined the platinum card was bucketed. Last year they said I was preapproved for a walmart card and gave me another $300 CL card LOL I closed it last week. I told them look I have been a customer for several years now I have good credit and never got a CLI i will give cap one 30 days or I am closing the card. I dont need it I have several f figure limit cards.

Last night Crap One sends me an email congratulating me and telling me based on my great history with them I am eligible for a reward card upgrade with no application, no impact to my score, and I will keep same account number and history. I thought ok maybe they are finally doing the right thing by me. I had a choice of savor one or quicksilver I went with savor one and I even got to keep the same $1000 CL ! LOL I then did the upgrade which showed immediately on my app and I figured ok let me try now once more for a CLI ...much to my disbelief after 7 years it said congratulations!! I was in shock until I saw the CLI was $100 LOL Is that funny or what? Should I just close this card now or wait to try for another CLI later down the road? While I found it funny it is also pathetic in a way too. I feel like despite this small move to keep me as a customer, this new Savor card wont probably ever increase either. Thoughts on what to do with this card bc I was about to close it by the end of this month.

IMHO if you got a $100 CLI that means you can get more CLI's down the road.

Re: Capital One is funny!

Anonymalous — Sun, 23 Apr 2023 10:23:38 GMT

Cap1 is weird. I had no credit history when I got my Platinum, almost 2 years ago. It had a SL of $300, and while I was able to convert it to a QS after 6 months, I didn't get an automatic CLI. I pushed a lot of spend through the card for a few months, asked for a CLI, and was rejected. I threw it in the sockdrawer for a while, and later tried again with more high spend. No luck. Despite very high scores, perfect payment history, and the acquisition of newer cards with CLs more than 80 times higher. I was clearly bucketed.

Most recently, I sustained high spend on the card for a full 6 months, and asked for a CLI. They rejected me, again, citing low spend. Then less than a week later, they gave me an autoincrease, and a large one -- I went from $300 to $3,300.

I initially thought this was due to the 6 months of high spend, but maybe not. Other posters have had success with only 3 months, which did not work for me (x2). And since my autoincrease, a lot of posters have reported abnormally high CLIs from Cap1. I now think I was the front wave of a change in how Cap1 handles CLIs.

I don't agree with @FireMedic1 that you can never escape the bucket. My current CLI should be proof. But I don't have a good idea what it takes to escape the bucket. It seems fairly random, and seems to be as dependent on Cap1's whims as on the customer's behavior.

@Klineact, the Savor One is a good card. Good rewards, the Uber Eats promo, and all the other Cap1 benefits like no FTF, virtual cards (they're great for online shopping), easy CB redemption, WEMC network benefits, and so on. Setting up a child as an AU with a low limit card is also a great idea. It's got no AF, and if it's one of your older cards, you could easily keep it forever.

Or if it's just too annoying, close it. If you do decide to keep it, it might help to acknowledge whether the card will grow or not is not fully under your control. It's okay to periodically try for a CLI, but don't let it gnaw at you. It's not worth any real aggravation.

Re: Capital One is funny!

FireMedic1 — Sun, 23 Apr 2023 17:50:15 GMT

@Anonymalous Your still in a bucket. I had 2 buckets. See below. All 3 afterwards below approved at 10,000 each after having the buckets for 2 yrs. I turned in 14,000 because I thought back then CL was passing my income. Forum thought I was nuts. I left the Venture as is. So 14000 was turned in. Theres a link here that explains the bucket cards. But I'm working.

Re: Capital One is funny!

Anonymalous — Sun, 23 Apr 2023 18:12:35 GMT

@FireMedic1 wrote:
@Anonymalous Your still in a bucket. I had 2 buckets. See below. All 3 afterwards below approved at 10,000 each after having the buckets for 2 yrs. I turned in 14,000 because I thought back then CL was passing my income. Forum thought I was nuts. I left the Venture as is. So 14000 was turned in. Theres a link here that explains the bucket cards. But I'm working.

I assume this is the thread you're talking about:

https://ficoforums.myfico.com/t5/General-Credit-Topics/Credit-Card-Asset-Backed-Securities-ABS-and-why-some-subprime/m-p/5083619

I literally posted the link to it yesterday, in another thread. But bucketed cards do grow, which proves that bucketing isn't absolute.

Re: Capital One is funny!

RootDet — Sun, 23 Apr 2023 18:38:51 GMT

I grew a $500 bucketed card to $6500. But it has been stuck there for years. CLI's tell me not enough spend and insufficient income. I keep capital one around because it is one of my two oldest cards (Chase + Cap one opened at same time). I occasionally ask for CLI, i get rejected. I use it every so often to keep it open. If they close it, they close it. For me it provides age, and having a lower CL compared to the much higher ones in my profile onwards to $80k has not stopped any success.

I just left Cap One be Cap One. I too once worried and was annoyed by it, but I have other friends now. Their choice to be stingy and conservative is what leads them to get minimal usage. I'm sure they see it from the other side too, my low usage means it isn't a relationship they want to reward. So we are at an impasse.

Re: Capital One is funny!

OmarGB9 — Sun, 23 Apr 2023 19:19:27 GMT

@Anonymalous wrote:
@FireMedic1 wrote:
@Anonymalous Your still in a bucket. I had 2 buckets. See below. All 3 afterwards below approved at 10,000 each after having the buckets for 2 yrs. I turned in 14,000 because I thought back then CL was passing my income. Forum thought I was nuts. I left the Venture as is. So 14000 was turned in. Theres a link here that explains the bucket cards. But I'm working.
I assume this is the thread you're talking about:
https://ficoforums.myfico.com/t5/General-Credit-Topics/Credit-Card-Asset-Backed-Securities-ABS-and-why-some-subprime/m-p/5083619

I literally posted the link to it yesterday, in another thread. But bucketed cards do grow, which proves that bucketing isn't absolute.

Personally, I think there's different "tiers" of buckets.

Re: Capital One is funny!

MikeyMagic — Sat, 28 Oct 2023 02:29:40 GMT

@Klineact wrote:
Why the hostility ? Geez ... It actually was a crap card back then and it is still a crap card. yes they gave me a card which was nice as did others at the time but I am the one who has demonstrated nothing but responsible behavioe for the past decade so forgive me but I will take some if not most of the credit. I have several as I said 5 figure limits on many cards and a few months ago Cap one despite high scores they still gave me a $300 walmart card. They suck. period.

Just my 2 cents as I am new in the game but I was excited beyond belief when Capital One took a chance on me and approved me September 19th for their Unsecured Platinum Mastercard with a $300 CL. Sure it's tiny and yeah, this card has no rewards. But I will always be grateful to them for giving me a chance after over 20 years with horrible/no credit and no credit cards at all for me.

That is the only Unsecured Card I can even get right now as my other 2 are Secured Cards from Discover and Amazon.

So even years down the road I will always be eternally grateful to Cap1 and can never badmouth them at all even though I know this card is bucketed. It's a starter card and I'm just happy to have it.

Re: Capital One is funny!

Zimmy71 — Sat, 28 Oct 2023 04:01:22 GMT

I have nothing bad to say about Capital One. When I began my journey of rebuilding my credit, they approved me for the Quicksilver One with a SL of $300. I would max that limit out every week and pay it off as soon as things posted. Eventually after 6 months they did an auto CLI to $1,600 and currently that card has a CL of $4,100.

A year after I got the Quicksilver One, they approved me for the Savor One with a $3,000 SL. The Savor One is a great card with what you get back from dining, restaurants, car rentals, Uber one membership, and entertainment. I might have made a mistake though adding my son as an AU because man he can rack up some serious dining charges lol.

In the end, I will always forever be grateful to Capital One for giving me that chance. I might never use that Quicksilver One enough to justify that annual fee charge but I will gladly pay it as a token of my appreciation. They have opened many doors for me all from that one $300 SL.

Re: Capital One is funny!

MikeyMagic — Sat, 28 Oct 2023 07:06:18 GMT

@Zimmy71 wrote:
I have nothing bad to say about Capital One. When I began my journey of rebuilding my credit, they approved me for the Quicksilver One with a SL of $300. I would max that limit out every week and pay it off as soon as things posted. Eventually after 6 months they did an auto CLI to $1,600 and currently that card has a CL of $4,100.

A year after I got the Quicksilver One, they approved me for the Savor One with a $3,000 SL. The Savor One is a great card with what you get back from dining, restaurants, car rentals, Uber one membership, and entertainment. I might have made a mistake though adding my son as an AU because man he can rack up some serious dining charges lol.

In the end, I will always forever be grateful to Capital One for giving me that chance. I might never use that Quicksilver One enough to justify that annual fee charge but I will gladly pay it as a token of my appreciation. They have opened many doors for me all from that one $300 SL.

I feel the exact same way and thx for sharing. I don't care if 10 years later for me, this Capital One Card is stuck at $500 CL and they've denied me a credit limit increase 1000 times. I will still always be grateful for them giving me a chance and I will NEVER criticize them or attack them.