https://ficoforums.myfico.com/t5/Credit-Cards/Capital-One-credit-limit-caps-APR-and-CLI/m-p/682009#M217364 <P>in my opinion, one should never take a credit card with $1000 or less. Credit card companies make money out of people , though the Credit Card act after ARRA has trted to stop them from their dirty tricks.&nbsp; Large credit say $50K or more at low int. rates can be invested in options that offer at least 10% IRR to gain some arbitrage. Other than that, credit should not be used&nbsp; for daily use. Debit cards or cash is good enough.The goal should be to maximize income, reduce spending&nbsp;, taxes, increase investments and eliminate credit.</P> Sat, 05 Jun 2010 02:27:02 GMT Anonymous 2010-06-05T02:27:02Z https://ficoforums.myfico.com/t5/Credit-Cards/Capital-One-credit-limit-caps-APR-and-CLI/m-p/676457#M215929 <P>&nbsp;</P><P>Just thought I would share...</P><P>&nbsp;</P><P>I just spoke to an account manager with Capital One. I wanted to know what the credit limit caps were for each of my cards. I had a Platinum Mastercard and currently have a Visa Platinum. The Platinum Mastercard started me off with a $500 CL which eventually became $750 a few months later with their step-up program; This card has a $1000 credit line cap. My other card, which I decided to keep, currently has a $500 credit limit but caps at $3000. He was not able to give me a CLI at this time but was able to drop my APR to 14.9% on the card. He told me that Capital One has recently started allowing customer initiated CLIs on business accounts and may soon start up again with personal accounts.</P><P>&nbsp;</P><P>Hopefully this helps...</P> Tue, 18 May 2010 23:48:01 GMT https://ficoforums.myfico.com/t5/Credit-Cards/Capital-One-credit-limit-caps-APR-and-CLI/m-p/676457#M215929 Iincognito 2010-05-18T23:48:01Z https://ficoforums.myfico.com/t5/Credit-Cards/Capital-One-credit-limit-caps-APR-and-CLI/m-p/682009#M217364 <P>in my opinion, one should never take a credit card with $1000 or less. Credit card companies make money out of people , though the Credit Card act after ARRA has trted to stop them from their dirty tricks.&nbsp; Large credit say $50K or more at low int. rates can be invested in options that offer at least 10% IRR to gain some arbitrage. Other than that, credit should not be used&nbsp; for daily use. Debit cards or cash is good enough.The goal should be to maximize income, reduce spending&nbsp;, taxes, increase investments and eliminate credit.</P> Sat, 05 Jun 2010 02:27:02 GMT https://ficoforums.myfico.com/t5/Credit-Cards/Capital-One-credit-limit-caps-APR-and-CLI/m-p/682009#M217364 Anonymous 2010-06-05T02:27:02Z