topic Re: Capital One approved, but I need the limit higherou in Credit Cards

Capital One approved, but I need the limit higher

Anonymous — Wed, 17 Mar 2010 17:24:35 GMT

OMG I just got approved for a Capital One card but the limit is $500 do you think I can call and get it increased??? or are they good with CLI??

Re: Capital One approved, but I need the limit higher

Anonymous — Wed, 17 Mar 2010 17:36:47 GMT

Congrats! are your current scores listed in sig updated? Did they pull all 3?

Re: Capital One approved, but I need the limit higher

Anonymous — Wed, 17 Mar 2010 17:38:55 GMT

Not sure if it's the case anymore, but even when my credit was awesome, even I could never get an increase with Cap One. I had the $500 CC just like you at the time. Instead, they advised me to apply for an additional card, which did indeed have a higher CL (but not by much), but they didn't allow the 2 CLs to merge.

I do not know the type of card you got approved for, but usually that has something to do with whether a CLI is allowed or not. Certain CapOne cards do not offer CLIs. Of course, I could be wrong! It has been a while since I went through this with CapOne so things may be different now.

Re: Capital One approved, but I need the limit higher

lkcrew426 — Wed, 17 Mar 2010 17:44:40 GMT

DH and I bost have Crap1 with scores of 731 and 722 and about 1% UTI, they refuse to give CLI. We are at $750 though which was a 3 month CLI from 500 over two years ago. Good luck!

Re: Capital One approved, but I need the limit higher

bakalao2k — Wed, 17 Mar 2010 17:53:38 GMT

It helps if you have another credit card with a high limit. I think that was the reason why AMEX gave me a very high limit for my new Blue card.

Re: Capital One approved, but I need the limit higher

Anonymous — Wed, 17 Mar 2010 19:37:44 GMT

I wouldn't hold my breath waiting for cli. I

took me years before they gave me anything

and I always had to call them and beg.

Re: Capital One approved, but I need the limit higher

Anonymous — Wed, 17 Mar 2010 20:22:56 GMT

My scores posted are the current scores, I think, my last SW update two days ago said 620. I already called about what kind of account I have if its the credit step one (which gives CLI about every 4months) or the other one and they said to call back in 24hrs when more info is available. even if it stays at 500 for a little while that is fine I guess, I apped for this card to replace my crapy Best Buy RZMC which has a $300 limit and they absolutely refuse to increase and they still charge me an 80 annual fee.

Re: Capital One approved, but I need the limit higher

sooneracct — Wed, 17 Mar 2010 21:07:31 GMT

I called on Feb 26th and they told me that they were not doing any CLI right now, they offered the opt in "over the limit" charge. And that was without even getting any personal info, so that answer was not credit based. They didnt even know who I was.

Re: Capital One approved, but I need the limit higherou

DI — Wed, 17 Mar 2010 21:20:29 GMT

You may be stuck with a no builder card if you're not on the step program. The highest they may raise your limit to is $750.

Re: Capital One approved, but I need the limit higher

JoeBJay20 — Wed, 17 Mar 2010 22:20:17 GMT

@sooneracct wrote:
I called on Feb 26th and they told me that they were not doing any CLI right now, they offered the opt in "over the limit" charge. And that was without even getting any personal info, so that answer was not credit based. They didnt even know who I was.

Capital One hasn't done consumer-initatied CLIs for upwards of a year now. Outside of the credit steps program, I'm not aware of anyone getting CLIs from them at all in the last several months.

Re: Capital One approved, but I need the limit higher

Breakthecycle2 — Thu, 18 Mar 2010 01:10:22 GMT

This is BS. Cap One raised my limit from $300 to $1000 without me asking and I wasn't on credit steps. I decided to apply for another one and they gave me another $300 limit. I don't get it.

Re: Capital One approved, but I need the limit higher

Anonymous — Thu, 18 Mar 2010 01:16:08 GMT

I got approved for the cap one rewards card not sure if its a credit step card or not but i called n asked for a CLI and they said they dont do that anymore because of the economy or whatever. I also asked about the "credit step program" n they didnt know what that was, can someone explain?

Re: Capital One approved, but I need the limit higher

Anonymous — Thu, 18 Mar 2010 14:45:27 GMT

called Cap1 and applied. didnt get an answer in 60 seconds, so i figure i got denied plus a hard pull!! i'm best off with secure cards and making major deposits as collateral! no more inquiries!!!

Re: Capital One approved, but I need the limit higher

Anonymous — Sat, 20 Mar 2010 17:21:03 GMT

So here is an update. I received a SW alert that there was a new inquiry so they pulled equifax for sure.

The credit steps program is automatically give to people who get low limits (like mine), what happens is if you stay under your credit limit and pay your bill on time (or early) after the 3rd bill you will get a 250 increase, then if you keep up the good activity, payment and stay under limit allowed after the 7th bill you get another 250 increase, etc. The Representative said once you miss one payment (even by a day late) or you go over your credit limit you get kicked off the program perminantly and then you have to start begging for increases (well he didnt say begging be he kind of implied it...lol)

Re: Capital One approved, but I need the limit higher

blacklotus — Sat, 20 Mar 2010 17:47:30 GMT

I think Pavlov's dogs had less decisions to make than you do!

Re: Capital One approved, but I need the limit higher

Pushto700 — Tue, 13 Apr 2010 20:34:16 GMT

@blacklotus wrote:
I think Pavlov's dogs had less decisions to make than you do!

LOL!!! ^^^^^^^

Re: Capital One approved, but I need the limit higher

Anonymous — Wed, 14 Apr 2010 00:01:11 GMT

@Breakthecycle2 wrote:
This is BS. Cap One raised my limit from $300 to $1000 without me asking and I wasn't on credit steps. I decided to apply for another one and they gave me another $300 limit. I don't get it.

A. what's b.s.? the OP's description of their problem? or Capital One's response?

B. What type of card was it, since it wasn't credit steps? How long did it take you to get the limit raised to 1000? how long had you had the card? What type of card was the second card?

C. what exactly don't you get?