topic Re: Capital One not offering credit line increases in Credit Cards

Capital One not offering credit line increases

ngerasimatos — Wed, 07 Apr 2010 21:55:18 GMT

I called Cap1 requesting a CL increase, the automated systems denied me and I checked and sure enough they didnt even pull my report. When I called in to find out what the situation was, they advised me they are currently not offering CL increases until an undiscolsed time and no report was in fact pulled, thus no denial. Just wanted to give everyone a heads up.

Re: Capital One not offering credit line increases

score_building — Thu, 08 Apr 2010 08:23:16 GMT

They have reported that they are not offering customer initiated CLI since last year.

Re: Capital One not offering credit line increases

Anonymous — Thu, 08 Apr 2010 10:30:55 GMT

I wish I'd known how much I hate capital one before I let them open a TL for me. Bad service, bad CL, bad rates! ....And no, I don't want a picture of my children or my dog on my credit card. Thanks though!

Re: Capital One not offering credit line increases

Anonymous — Thu, 08 Apr 2010 12:53:07 GMT

..And no, I don't want a picture of my children or my dog on my credit card. Thanks though!

LOL...I was thinking about applying for the venture one card...but maybe i'll wait to see if there is better Non-FTF cards

Re: Capital One not offering credit line increases

score_building — Thu, 08 Apr 2010 13:12:59 GMT

chek out Addison Avenue IIRC they have a v. solid (low or no FTF) visa.

@Anonymous wrote:

LOL...I was thinking about applying for the venture one card...but maybe i'll wait to see if there is better Non-FTF cards

Re: Capital One not offering credit line increases

Anonymous — Thu, 08 Apr 2010 14:50:35 GMT

I closed a Cap1 toy card on March 30th.

The retentions CSR asked me why and I said, "I'm no longer accepting lenders

that no longer accept customer initiated credit limit increases".

He chuckled and stated that if he told me that Cap1 was to accept Customer CLIs

starting April 1st, would I keep it open? I informed him it would take a CLI to at

least $1000 for me to keep being farmed by them for fees. No go, so close it.

The point is, Cap1 was supposedly going to accept Customer initiated CLIs

starting April 1st. I confirmed this by calling back minutes later and got a different

CSR and asking them to verify the info. They did.

Also, when you close your card, tell them you're not longer accepting lenders

that no longer accept customer initated CLI requests. Tellem a Fast Moving Aquatic Fowl sent you...

Re: Capital One not offering credit line increases

Anonymous — Thu, 08 Apr 2010 15:25:35 GMT

@Anonymous wrote:
I closed a Cap1 toy card on March 30th.

The retentions CSR asked me why and I said, "I'm no longer accepting lenders
that no longer accept customer initiated credit limit increases".
He chuckled and stated that if he told me that Cap1 was to accept Customer CLIs
starting April 1st, would I keep it open? I informed him it would take a CLI to at
least $1000 for me to keep being farmed by them for fees. No go, so close it.

The point is, Cap1 was supposedly going to accept Customer initiated CLIs
starting April 1st. I confirmed this by calling back minutes later and got a different
CSR and asking them to verify the info. They did.

Also, when you close your card, tell them you're not longer accepting lenders
that no longer accept customer initated CLI requests. Tellem a Fast Moving Aquatic Fowl sent you...

I saw your thread over at the other board when you wrote about this. Frankly, given that very few had the same experience as you some were pondering whether or not you were trolling as an April Fool's joke.. You know the thread. I'm going to give you the benefit of the doubt. I cancelled my own card Aril 1st. Whether or not Capital One would accept consumer initiated requests, my card is not one of those which will ever be allowed an increase.

March was a great month. I feel like I've just found out I was in the 15% Chase is trying to get rid of by knocking down credit limits, never offering balance transfers deals to again, and never offering card services to if I do apply for credit. I am now two cards lighter (knock on wood).

Re: Capital One not offering credit line increases

Anonymous — Thu, 08 Apr 2010 15:30:59 GMT

No, its genuine.

There have been other reports on "the other board" within the past day or 2 stating

Cap1 STILL isnt accepting customer initiated CLI request.

I think they joke was on us, courtesy of Capital One..

Whats in their wallet? Your money.

Re: Capital One not offering credit line increases

tiger67 — Thu, 08 Apr 2010 17:36:56 GMT

Captial who?

Re: Capital One not offering credit line increases

Anonymous — Thu, 08 Apr 2010 17:41:03 GMT

@Anonymous wrote:
No, its genuine.

There have been other reports on "the other board" within the past day or 2 stating
Cap1 STILL isnt accepting customer initiated CLI request.

I think they joke was on us, courtesy of Capital One..

Whats in their wallet? Your money.

You can always do what I sometimes do and report the CSR who gave you the bogus info to corporate. Nothing will happen, but it feels a little better (for me) to have a record.

Re: Capital One not offering credit line increases

Anonymous — Fri, 09 Apr 2010 04:20:48 GMT

I do believe they are making enough money

writing checks for the various quiz shows.

Re: Capital One not offering credit line increases

Anonymous — Fri, 09 Apr 2010 12:07:27 GMT

This is no new news they have been doing this for about 2 years now.

Re: Capital One not offering credit line increases

Anonymous — Sat, 10 Apr 2010 15:16:20 GMT

I guess you missed the sarcasm

Re: Capital One not offering credit line increases

Anonymous — Sat, 10 Apr 2010 15:29:58 GMT

They keep telling me the same thing when I call, either we don't have it now, or we'll have it next week. Crazy thing is I remember them doing it before and getting shot down because the account was new, even got a letter in the mail saying why it was shot down. This must have been in February. Now it's like they wont even entertain the idea, lol.

Re: Capital One not offering credit line increases

Anonymous — Sat, 10 Apr 2010 17:08:58 GMT

Cap 1 is very stingy with their credit lines. I have a card opened in 1999 with them that has $1,000 line, which is what it started with. I have another card with a $700 line opened in 2002. Again, that was the starting line. They have refused to ever give me a CLI. I tried again in Feb. Per my lender in Feb my TU FICO is 742 and I just got a score watch update today telling me that EQ is now 752. Now here's the real kicker, look at what my other cards look like

B of A $12K (currently has a luv button, but I'm not bothering)

Chase $16,500

Chase: $8,700

Discover: $11,500

Just last week I applied for a Citi card and was instantly approved for an initial $7,300 line and 0% on BT's and purchases for 15 months. And cap one won't increase my limit? I don't really hate on them though because opening those cards when I did helped me rebuild my credit and now with two mortgages at the best rates, that has saved me a big chunk of change.

Re: Capital One not offering credit line increases

Anonymous — Sat, 10 Apr 2010 18:18:08 GMT

I asked for a credit increase on both my Capitol One cards one with a credit limit of 1K and the other with $500. They also told me they were not giving credit increases at the moment.

Re: Capital One not offering credit line increases

Breakthecycle2 — Sat, 10 Apr 2010 23:15:20 GMT

They just gave me a $200 increase on one and the other a $700 increase ( last May)

Re: Capital One not offering credit line increases

joestay — Sat, 10 Apr 2010 23:16:41 GMT

Was the $200 increase from today? Also, which number did you call? Was there a hard pull?

Re: Capital One not offering credit line increases

Breakthecycle2 — Sat, 10 Apr 2010 23:27:43 GMT

@joestay wrote:
Was the $200 increase from today? Also, which number did you call? Was there a hard pull?

It was at some point this week. I just logged into my account. I did not ask for one, but I think it's part of their credit steps.

Re: Capital One not offering credit line increases

Anonymous — Sun, 11 Apr 2010 02:10:53 GMT

Cap One has always been stingy with CL.

I had a business card with them, back in the days when they did not report CL and before the class action suit. They gave me a measly 1K when BoA dn AMEX were in the 20K.

CSR said that's the way they work. They are not in my wallet 'ny more.